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.

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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.
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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.

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.

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.