From ObamaCare to Universal Retirement

It’s been over six years since the 2700-page Affordable Care Act (ObamaCare) was rammed down the throats of Americans (over 60% of whom were opposed to its passage), so what to do for an encore?  President Obama now wants to mandate that small business next provide retirement plans for all employees – full and part-time. …

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SHOP Deadline for February Enrollment

Employers wishing to enroll their companies in the Small Health Options Program (SHOP) Marketplace for coverage beginning February 1 must complete the enrollment and make their initial payment by January 15.  Enrollment in SHOP is limited to employers with 50 or fewer employees.  More information on eligibility and timeframes is available on the SHOP website.

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Congress Passes ObamaCare Repeal

Although it will be quickly vetoed at the White House, Congress passed legislation formally repealing the Affordable Care Act (ACA) on Wednesday of this week.  The Senate had already approved the legislation by a vote of 52-47 last month under the reconciliation process, which meant that only 51 votes were needed for passage in the…

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IRS Extends ACA Employer Filing Deadline

The Internal Revenue Service this week released Notice 2016-4, extending filing and distribution deadlines for the employer reporting requirements of the Affordable Care Act (ACA), thereby giving employers more time to comply with the law. Under the Internal Revenue Code (IRC), employers (both self-insured and those with 50 or more FTEs) must file the requisite…

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Spending Bill Extends Menu Labeling Date

Speaking of federal extensions, further review of the omnibus spending bill passed by Congress a few days before Christmas reveals that the compliance date for federal menu-labeling regulations was extended by the law.  Originally, the rules were set to take effect on December 1, 2016, but language in the spending bill provides that compliance with…

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Spending Authorization Ready

As they rush to get to their Christmas vacation, Congress also appears set to pass the other half of the deal – an omnibus spending bill necessary to keep the government operating into the New Year.  With critical legislation such as the Omnibus Spending bill, Congress will often try to attach policy riders to piggy-back…

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SHOP No Minimum Expires December 15

Eligible small businesses looking to take advantage of no minimum participation rates offered by the Small Business Health Options Program (SHOP) Marketplace have just under two weeks to make their selection as the no minimum offer expires on December 15.  Generally, businesses must meet a participation rate of 70% of employees in order to enroll…

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Affordable Care Act Offers “LTO”

Perhaps stealing an idea from the QSR industry, a limited time offer has been put forth by the SHOP Marketplace (Small Business Health Options Program) regarding minimum participation rates.  Beginning earlier this week and continuing until December 15, small businesses can purchase health insurance coverage in the SHOP Marketplace without meeting a minimum participation rate. …

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Eliminating the Cadillac Tax

Congressional appetite to repeal the so-called Cadillac Tax provisions of Obama Care appears to be growing as we get closer to the 2018 effective date for that tax provision.   The “Cadillac Tax” is a non-refundable 40% excise tax on employee premiums that exceed $10,200 and $27,500 for individual and family coverage respectively.  In a letter…

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Budget Agreement Repeals Auto Enrollment

With Congress reaching agreement on a budget deal with the White House and Congressional Democrats this week, the auto enrollment provisions contained in the Affordable Care Act were officially repealed from the healthcare law.  Auto enrollment, a provision that many did not even know was in the ACA, required employers of 200 or more to…

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