Medicare, the government-run health insurance program for Americans aged 65 years and above and for those having any disabilities, is not that easy to understand. It offers different plan options including Part A, B, C & D and there are a number of things that are associated and are not completely known to the beneficiaries.The annual enrollment period gives a chance to the beneficiaries to change o [...]
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As employers prepare themselves for 2016 open enrollments and adapting to different health plans for their employees, another critical matter that’ll grab all the attention is the impact of Affordable Care Act’s high-cost plan tax (HCPT), commonly known as Cadillac Plan Tax, on employers and their decisions on offering health benefits.As the tax is about to come into effect from 2018, it is expected to affect one in every four employers and the number m [...]
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As the Social Security Act completes 80 years since the law was signed, Americans are found to be having believed that the premier retirement program is in trouble and not many are confident that they will be able to draw their benefits.A recent Gallup study has revealed that 66% of Americans are quite s [...]
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There’s been a lot of speculations regarding the effects of Obamacare on employees, employers and brokers, ever since the law came into effect. Since then, every sector, for that matter, has been facing considerable challenges. The need is to overcome these challenges and find a safe passage through these rocky mountains.Here are some of the challenges that brokers face while under Obamacare and how they can make these challenges a new way for success.
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Communicating about open enrollment has always been a challenging task for the employers. The topic is a complex one  and that is why employees typically don’t get engaged easily.  However, you can always package and present it differently and make it better looking by dressing something up.But, in the process of communicating about open enrollment, employers are likely to make some mistakes which can ruin the overall experience for the employees and so [...]
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Employers have started to become the center point of ACA imposed provisions as we move into 2015. Under the ACA provisions, all ALE (applicable large employers) are required to provide health coverage to full-time employees. In order to verify if the individuals are getting minimum essential coverage, ALEs are meeting pay or play (employer shared responsibility) obligations and if the individuals are entitled to premium tax credits, employers having 50 or mo [...]
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The “Healthy Workplaces, Healthy Families Act” (AB 1522), signed by Governor Brown in September 2014, came into effect on Wednesday July 1, 2015. The new law required employers in California to provide paid sick leave benefits to all their employees. With the law coming into effect,  employees are given a moment to rejoice, but not the employers. With the new development, California becomes the third state to allow paid sick leaves for al [...]
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Finally, Supreme Court has released the decision on the King v. Burwell, regarding whether Affordable Care Act allows IRS to provide tax credits for health coverage purchased through Federal Health Insurance Marketplace. The Court has ruled that Obamacare aka ACA will allow the federal government to offer tax subsidies to help middle-class and poor individuals to purchase health insurance, confirmin [...]
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In the previous article, “Understanding The Important Terminologies & Facts Related To ACA E-filing!”, the basics of the ACA information reporting were discussed. While the final details about the AIR (ACA Information Returns) system have not yet been announced, there are still a few things can be done before the E-filing begins.
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Affordable Care Act Information Returns are gaining much attention from employers and other benefit participants as the returns are due to IRS by June 30, 2016. Though the final details about AIR (ACA Information Returns) System are yet to be announced, there are a lot of things that can be taken care of now. Since everyone is busy collecting the reporting information, e-filers can start preparing for e-filing completing the formalities that can be performed now an [...]
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