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.
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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.

The Affordable Care Act (ACA) created new reporting requirements under Code Sections 6055 and 6056. Under these rules, certain employers must provide information to the IRS about the health plan coverage they offer (or do not offer) or provide to their employees.
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Health Insurance Marketplace Open Enrollment starting Nov. 1.

Make sure you are covered and avoid additional taxes. Contact your Cornerstone Group representative Lisa Smith at 248-641-3607 or email lsmith@cornerstonebenefits.com  to learn more about the Health Insurance Marketplace.

It's that time of year again.... Open Enrollment!!!

In this video, we will explain the important changes to Open Enrollment due to the Affordable Care Act. Do you have questions regarding your Open Enrollment? Call The Cornerstone Group, your Health Care Reform expert.

The premium tax credit can help make purchasing health insurance coverage more affordable for people with moderate incomes. Use this flow chart to help employees determine if they are eligible for the premium tax credit.

Do you have questions about the Affordable Care Act? Contact Cornerstone, your Health Care Reform Experts. (248) 641-2731