New ACA Affordability May Increase Financial Burden
For medical plan years beginning in 2023, the Internal Revenue Service (IRS) recently announced a significant decrease in the affordability percentage to 9.12%, from the previous level of 9.61%. This could trigger penalties for large employers who fail to adjust to meet this new threshold. How to Avoid Costly Mistakes Group medical plans have hit employers with more expensive rates. Medical rates going up with IRS affordability percentages going down means you may need to absorb more...
IRS Closes “Family Glitch”
Under longstanding ACA policy, people who seek to purchase their medical coverage on the Marketplace are provided tax...
New ACA Affordability May Increase Financial Burden
For medical plan years beginning in 2023, the Internal Revenue Service (IRS) recently announced a significant decrease...
PCORI Fees Increasing
The IRS[1] has increased the amount of the annual PCORI[2] fee you may be required to pay as part of your ACA[3]...
Employer Penalty: Are you relying on “good faith effort”?
Every year, more and more employers find themselves facing stiff penalties from the IRS for their failure to comply...
“Family glitch” regulations pose new challenges for employers, employees
Under current ACA policy, people who seek to purchase their medical coverage on the Marketplace are provided tax...
6 Questions to Ask Your ACA Service Provider about Tracking
Complying with the Affordable Care Act (ACA) can be a headache. Rules and regulations are complex and constantly...
Counting to 12: The Four Methods of Determining an FMLA Year
Managing medical leave under the Family and Medical Leave Act (FMLA) can seem like a daunting prospect. The scenarios...
Exempt vs. Non-Exempt: Understanding These DOL Classifications
The Fair Labor Standards Act (FLSA) sorts all covered workers into one of two categories: exempt, or nonexempt. While...
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