On March 5, 2014, the Internal Revenue Service (IRS) released final regulations on the reporting requirements under the Affordable Care Act (ACA), which are designed to enforce the individual and employer mandates. Beginning 2016, for the prior calendar year,...
April 1, 2014 the office of Kentucky’s Governor Steve Beshear announced that 8.6 percent of the state’s population now has health insurance through kynect. Included in the announcement are the below statistics reflecting activity on kynect as of...
When the Affordable Care Act passed into law it became clear that 2014 was slated to be the year when many changes were to take place including the Employer Shared Responsibility provision or Employer Mandate also known as “Pay or Play”. ...
On October 31, IRS and Treasury issued new guidance (Notice 2013-71) that modifies the “use it or lose it” rule that applies to health flexible spending arrangements (“FSAs”). Under this guidance, employers can now allow employees to carry over...
With the rollout of mandated changes to health plans beginning in January, many consumers found themselves receiving letters explaining that their coverage would be canceled and need to be replaced with a qualified health plan. For employer sponsored plans, this...
