Affordable Care Act Archives - Page 12 of 12 - Employee Benefits I AP Benefit Advisors

Additional Clarity? Certainty? Or, just more guidance to help Employers/Plan Sponsors avoid fines?

Patrick C. Haynes, Jr., Esq., LL.M. The Department of Labor (DOL) issued additional guidance on May 11, 2012. Clarifying some points, federal regulators made clear(er), that they will not be imposing financial penalties on employers that do not “fully comply” with the Affordable Care Act’s new requirements to distribute SBCs (Summaries of Benefits and Coverage), […]

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The IRS has relaxed PPACA’s $2500 HCFSA cap for non-calendar year HCFSAs

Yesterday the IRS provided some relief for non 1/1 HCFSA plans.   Under current law there is no dollar-limit-cap on HCFSAs.  However, since HCFSAs contain a “uniform coverage provision”, meaning that the entire annual election is made available on the first day of the plan year, employers self-regulate their HCFSAs caps.  Employers that are worried about […]

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HHS Amends Rules on SBCs (Summary of Benefits and Coverage) again

While the final rule on the SBCs makes several, important improvements over the preliminary rule (which you read about here on 9/16/2011, and then read about the delay on 11/18/11) employers and plan sponsors will still need to use the additional time to wrestle with potential costs and resources required to deliver something that will […]

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HHS Issues Final Rule for PPACA Medical Loss Ratio Rebates

On December 2, 2011, HHS and CMS (the Departments of Health and Human Services and the Centers for Medicare & Medicaid Services) released new final rules that addresses an assortment of issues with respect to the PPACA medical loss ratio (MLR) requirements.  In conjunction with the new rules, the DOL (Department of Labor) has issued […]

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IRS Issues Additional/Revised Guidance on W-2 Reporting of Health Benefits

With the release of Notice 2012-9, the Internal Revenue Service (IRS) has given more advice about how employers, benefit plan administrators and others should go about applying the new Form W-2 health benefits cost reporting requirements that were mandated by PPACA.  This latest guidance (23 pages) updates, expands and replaces prior IRS Notices 2010-69 and […]

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