December 2013 - Employee Benefits I AP Benefit Advisors

IRS Releases 2013 Form 8839 (Qualified Adoption Expenses) and Instructions

from EBIA The IRS has released the 2013 version of Form 8839 (Qualified Adoption Expenses), as well as updated instructions. Taxpayers use Form 8839 to claim the adoption credit, an exclusion for employer-provided adoption benefits, or both. There are several noteworthy changes to the 2013 form and instructions, as follows: The maximum adoption credit and […]

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Top Benefits Consultation & PPACA News Blogs

With the array of complexities involved in the implementation of the Affordable Care Act and the significant changes involved in compliance, there has been a lot to blog about over the last several weeks. From  legislative revisions and judicial rulings to implementation and compliance schedules, keeping track of your business in 2014 will prove both […]

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More Questions and Answers from the IRS on Same Sex Marriage Issues

  Employers/Plan Sponsors can now correct inadvertent over-withholding or under-withholding due to the recognition of an employee’s marital status, but only if they act quickly to do so before the end of the year.  Also, since this can and will affect the amount of reportable income on W-2s, you must make your payroll departments aware […]

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AP-GfK poll: Another worry about new health law

WASHINGTON — Just when the government’s insurance website is starting to run more smoothly, an Associated Press-GfK poll finds a potentially bigger problem for President Barack Obama’s health care overhaul. Americans who already have coverage and aren’t looking for any more government help are blaming the law for their rising premiums and deductibles. Those are […]

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Webinar: Impact of Private Exchanges Why 1 Million Will Enroll this Year

The recent rollout of the federal health insurance exchange has given the phrase “health exchange” a bad name. Yet some companies are choosing to offer employees health benefits via “private exchanges” – online marketplaces separate from the federal system. Some companies are converting current retiree programs and directing them to both public and private exchanges. […]

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New Affordable Care US health plans will exclude top hospitals

By Stephanie Kirchgaessner in Washington, ft.com Americans who are buying insurance plans over online exchanges, under what is known as Obamacare, will have limited access to some of the nation’s leading hospitals, including two world-renowned cancer centers. Amid a drive by insurers to limit costs, the majority of insurance plans being sold on the new […]

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Obamacare and a Minimum Wage Hike Pricing Many Unskilled Workers Out of Their Jobs

by James Sherk and Patrick Tyrrell The government has already effectively raised the minimum wage above $10 per hour—without benefitting workers. President Obama’s health care law requires employers to offer full-time employees health benefits that meet certain “minimum standards” criteria. Otherwise, they pay a penalty. In 2015, this mandate will raise the minimum productivity necessary […]

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