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Healthcare Tax Repeal | Pennsylvania Benefits Firm

Recently, the President signed a bill repealing the Affordable Care Act’s Individual Mandate (the tax penalty imposed on individuals who are not enrolled in health insurance). While some are praising this action, there are others who are concerned with its aftermath. So how does this affect you and why should you pay attention to this … Continued

SCOTUS 2018 Roundup and 2019 Preview | PA Employee Benefit Advisors

The Supreme Court of the United States (SCOTUS) heard several cases with employment implications during their 2018 session, including the following four cases we covered in detail. (Click the case names to read the full articles.) Encino Motorcars, LLC v. Navarro: Encino shifted the burden of proof in Fair Labor Standards Act (FLSA) overtime exemption … Continued

IRS Releases Final 2017 ACA Reporting Forms and Instructions | PA Benefit Advisors

The IRS has finalized the forms and instructions that employers will use for 2017 reporting under the Affordable Care Act (ACA). Applicable large employers (ALEs) will use the following: 2017 Form 1094-C (transmittal to IRS). 2017 Form 1095-C (statement to individual). 2017 Instructions for Forms 1094-C and 1095-C (instructions). Employers that self-fund a minimum essential … Continued

Federal Employment Law Update – January 2017 | Pennsylvania Employee Benefits

FAQs About Affordable Care Act Implementation Part 35 On December 20, 2016, the Employee Benefits Security Administration (EBSA) issued frequently asked questions (FAQs) addressing special enrollment for group health plans, coverage of preventive services under the Affordable Care Act (ACA), and qualified small employer health reimbursement arrangements. The FAQs were prepared jointly by the Department … Continued

IRS Issues 2016 HSA Contribution Limits | Duncansville Benefits Broker

By Stephen Miller CEBS The Internal Revenue Service (IRS) announced limits for 2016 on contributions to health savings accounts (HSAs) and for out-of-pocket spending under high-deductible health plans (HDHPs) linked to them. In Revenue Procedure 2015-30, issued May 5, 2015, the IRS provided the inflation-adjusted HSA contribution and HDHP minimum deductible and out-of-pocket limits, effective … Continued

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