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”. ...
Business Benefits Insurance Solutions’ President Jim Beatrice presented the latest strategies for enhancing employee’s benefit experience while maintaining bottom line costs, during a recent employer panel discussion offered by the Northern Kentucky...
Monday, February 10th, 2014, the Obama administration announced another delay for the employer mandate, this time giving employers with 50 – 99 full time equivalent (FTE) employees, who meet certain guidelines, some transitional relief until 2016....
On February 4th, the Congressional Budget Office (CBO) released a report regarding federal health insurance reform, indicating that the equivalent of about 2 million jobs will be lost by 2017 as a result of the combination of employers cutting hours of workers to...
Updated annually for inflation, the 2014 guidelines will set the income thresholds for subsidy eligibility on government exchanges for 2015. Remember that an employee’s receipt of exchange subsidies could trigger an employer shared responsibility penalty...
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...
