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Tag: play or pay requirements
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Cadillac Tax – Should employers be making changes now? | Duncansville Employee Benefits
By Elizabeth Kay, Compliance & Retention Analyst AEIS Advisors A UBA Partner Firm The Affordable Care Act (ACA) has brought about many changes in employee benefits. Plans have been eliminated, benefits added, rules changed, and rules have been delayed. The ACA has always been a heavily debated topic between the Republicans and Democrats, and now…
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IRS Notice on Minimum Essential Coverage Reporting | PA Employee Benefits
By Danielle Capilla Chief Compliance Officer at United Benefit Advisors Minimum essential coverage or “MEC” is the type of coverage that an individual must have under the Patient Protection and Affordable Care Act (ACA). Employers that are subject to the ACA’s shared responsibility provisions (often called play or pay) must offer MEC coverage that is…
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IRS Proposes Minimum Value Rule Change to Mesh IRS and HHS Rules | Duncansville Employee Benefits
Posted by Danielle Capilla Beginning in 2015, under the Patient Protection and Affordable Care Act (ACA), large employers must offer affordable, minimum value coverage to their full-time employees or potentially pay a penalty. Some companies have or had been marketing a plan that they state satisfies the minimum value requirement (an actuarial value of 60…
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