Topic: Affordable Care Act

“CURES ACT” Authorizes Small Employers to Reimburse Employees for Health Insurance Costs

One major area of confusion and annoyance created by the Affordable Care Act (the “ACA”) has finally been put to rest with the enactment of the 21st Century Cures Act on December 13, 2016 (the “Cures Act”).  Many small employers were chagrined by the IRS pronouncement in 2013 (IRS Notice 2013-54) that the ACA prohibited…

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House Passes Small Business Healthcare Relief Act

Despite repeated guidance from the IRS that employer payment plans violate insurance reforms under the Affordable Care Act (the “ACA”), many small employers continue this arrangement of reimbursing employees for their cost of health insurance purchased on the individual market. Under current law, employers who do not sponsor a group health plan but instead reimburse…

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Deadline Extended For ACA Information Reporting Forms

The IRS has extended the deadlines for furnishing to employees the new Forms 1095 and filing these Forms with the IRS.  The Forms are designed to confirm compliance with the employer and individual health insurance mandates under the Affordable Care Act.  IRS Notice 2016-4 provides the following new deadlines: Furnishing to Employees: 2015 Forms 1095-B, Health Coverage…

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Medical Insurance Premium Reimbursement — A Brief Reprieve for Small Employers

Some employers – particularly smaller ones – have assisted their employees to obtain health insurance by reimbursing them for the cost of insurance they purchase in the individual market.  Does this practice satisfy the requirement of the Affordable Care Act?  On February 18, 2015, the Internal Revenue Service issued Notice 2015-17 (“the Notice”), which reiterates…

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Amendments to Connecticut’s Paid Sick Leave Law

Important amendments to the Connecticut Paid Sick Leave Act were included in this year’s legislation passed by the Legislature and expected to be signed by Governor Malloy. It is now illegal for an employer to “terminate” or “dismiss” (the law does not explain the difference) any employee or “transfer any employee from one work site…

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2014 Seminar Speaker Announced

We are pleased to announce that Paul Lambert of 360 Corporate Benefit Advisors, an independent employee benefits consulting agency with specific expertise in health and welfare consulting,  will be the lunchtime speaker at our upcoming seminar on March 14.  His topic is The Affordable Care Act—A View from Ground Zero.  Paul will cover how the…

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Stand-Alone Health Reimbursement Arrangements May Not Be Dead After All

Many employers offer employees Health Reimbursement Arrangements (“HRAs”) to assist employees meet their health care related expenses.  Often such employer funded arrangements are not “integrated” with an insured health plan, rather they are offered as a “stand-alone” arrangement.  On September 13, 2013, the Internal Revenue Service with the concurrence of the U.S. Departments of Labor…

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