June 2017 - Employee Benefits I AP Benefit Advisors

Fourth of July Trivia – American Flag Edition

1. What is the name of the blue area on the upper left side of the American flag which contains the stars that represent the 50 states? a. Old Glory b. Grand Union c. Union Jack d. Key Stone 2. When a new state is added to the union, a star gets added to the […]

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Senate GOP’s Better Care Reconciliation Act – Updates

Senate Republicans released their health reform overhaul today after weeks of intrigue. The fight going forward is going to be over the reoriented subsidies and Medicaid. There is nothing explicit that allows states to waive out of anything new but the general waiver requirements process has been expanded. The greatly anticipated (and robustly debated) Senate […]

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Legal Reasons to Draft and Update Job Descriptions

Federal labor laws may not require HR professionals to write up job descriptions, but in the best legal interest of your company it’s wise to create job descriptions for each position. They help you defend against discrimination claims. Creating job descriptions, which includes qualifications needed for the position, is a good defense in case of […]

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IRS Begins Large Employer ACA Reporting Penalty Process

As the American Health Care Act (AHCA) has not been signed into law yet, the Affordable Care Act (ACA) is still in effect and the IRS is currently issuing notices to large employers to disclose whether they complied with the ACA reporting duties or not. Large employer ACA reporting was required for 2015 and 2016 […]

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IRS Reduces Affordability Percentages for 2018

In Revenue Procedure 2017-36, the IRS announced that for plan years beginning on or after January 1, 2018, employer-sponsored health plan coverage will be considered affordable if the employee’s required contribution for self-only coverage does not exceed 9.56% of the employee’s household income for the year (down from 9.69% for 2017). This percentage is considered […]

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Vapooling Benefits and the 80/50 Rule

Question: Some of our employees have organized carpools to commute to work, and we provide those carpools with parking benefits under our qualified transportation plan. Could our transportation plan also reimburse those employees for all or a portion of their other commuting costs as a vanpooling benefit? All of the carpools use employee-owned vehicles and […]

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