Be Prepared For IRS Reporting

The ACA requires Applicable Large Employers to offer health insurance that meets certain requirements to full-time employees or pay a tax penalty. The ACA also requires Applicable Large Employers to file new tax returns with the IRS about the coverage offered. The reporting rules sound complex, but they really boil down to two simple things: […]

Health Insurance Between Jobs…What Are Your Options?

Historically, The Consolidated Omnibus Budget Reconciliation Act (COBRA) was the best choice. COBRA gives workers and their families who lose their health benefits the right to choose to continue group health benefits provided by their group health plan for limited periods of time under certain circumstances, like job loss. If you qualify for COBRA, you […]

Healthcare Reform Questions: Free Choice Voucher

Only those employees who meet the eligibility requirements are offered the voucher. The big issue is how employers will determine an employee’s household income. Right now, it is still unknown how an employer will determine an employee’s household income. An employer will know the employee’s income, but will likely not have any information regarding other income in the […]

Top 10 Things Employers Should Know About the Finances of Health Insurance Renewals

Understanding the various components of a health insurance renewal can be a bit overwhelming. Understanding when your organization is paying too much (or too little) for its medical insurance, how paying too much or too little can affect your insurance carrier relationship and recognizing when the time is right to change insurance companies are just […]