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Affordability Percentages Will Increase For 2019

By Jessica Rowland on May 23, 2018 11:55:37 AM

On May 21, 2018, the IRS issued Revenue Procedure 2018-34 to index the contribution percentages in 2019 for purposes of determining affordability of an employer’s plan under the Affordable Care Act. These updated affordability percentages are effective for taxable years and plan years beginning Jan. 1, 2019. This is a significant increase from the affordability contribution percentages for 2018. As a result, some employers may have additional flexibility with respect to their employee contributions for 2019 to meet the adjusted percentage.

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Furnishing Deadline Delayed for 2017 ACA Reporting

By Jessica Rowland on Dec 28, 2017 10:43:13 AM

On Dec. 22, 2017, the Internal Revenue Service issued Notice 2018-06 to:

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New Regulations Expand Exemptions From The Contraceptive Mandate

By Jessica Rowland on Oct 10, 2017 11:27:36 AM

On Oct. 6, 2017, the Departments of Labor, Health and Human Services and the Treasury (Departments) issued two interim final rules expanding certain exemptions from the Affordable Care Act’s (ACA) contraceptive coverage mandate.

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Republicans Release Tax Reform Plan

By Jessica Rowland on Oct 2, 2017 9:57:08 AM

On Sept. 27, 2017, the Trump administration—in conjunction with Republican Congressional leadership—released a tax reform plan designed to make significant changes to the federal tax code. This plan is intended to serve as a template for the Congressional tax writing committees that will develop tax reform legislation.

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What If the Employer Mandate Is Repealed?

By admin on May 31, 2017 11:10:01 AM

The ACA requires applicable large employers (ALEs) to offer affordable, minimum value health coverage to their full-time employees in order to avoid possible penalties. Because this employer mandate has been criticized as burdensome for employers and an impediment to business growth, it seems likely that its repeal will be part of any Republican plan to repeal and replace the ACA.

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DOL Issues New Overtime Payment Rules

By admin on May 19, 2016 11:52:22 AM

On May 18, 2016, the U.S. Department of Labor (DOL) announced a final rule regarding overtime wage payment qualifications for the “white collar exemptions” under the Fair Labor Standards Act (FLSA).

The final rule increases the salary an employee must be paid in order to qualify for a white collar exemption. The required salary level is increased to $47,476 per year and will be automatically updated every three years. The final rule does not modify the duties test employees must meet to qualify for a white collar exemption. Employers will need to comply with this rule by Dec. 1, 2016.

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