STRATUS.HR

Healthcare Reform in the News

Media and Politics Three and a half years after the Affordable Care Act was signed into law, the news media has finally put healthcare reform front and center. With the disastrous roll-out of the Marketplace website coinciding with the Government Shut-Down last month, politicians, consultants and media personalities alike have been weighing in on Healthcare Reform and its financial and…

Continue Reading

Required Reporting

Employer Shared Responsibility In January, 2015, the Affordable Care Act (ACA) will mandate that employers who are subject to the Employer Shared Responsibility provisions (50+ Full-Time-Equivalent employees) must report certain information regarding the health coverage they offer their full-time employees. The law also requires reporting from insurance carriers, employers with self-funded plans and other entities that provide insurance. This is…

Continue Reading

What Employers Should Know about the Individual Mandate

Beginning January 1, 2014, new Health Reform legislation (PPACA) requires that all US Citizens have Minimum Essential health insurance, qualify for an exception, or pay a tax penalty. The majority of Americans already have coverage that meets affordability and minimum value standards, but most individuals who are not currently covered on any plan will have the obligation to obtain coverage or…

Continue Reading

Marketplaces Open October 1st

Under the Affordable Care Act (ACA), Health Insurance Marketplaces (formerly referred to as Exchanges) are places where individuals and small businesses can go to shop for insurance plans and compare those plans based on value, affordability and market standards. The intention of the Marketplaces is to make shopping for health insurance as easy as shopping online through a site like…

Continue Reading

Employee Communications & Required Notices

There are two main pieces of communication that employers must share with their employees under the Affordable Care Act (ACA). The qualifications, requirements and timelines are listed below for each. But don’t worry; ISIhr will take care of these requirements for all applicable clients and employees. ISIhr is your ACA compliance expert. Health Insurance Marketplace (Exchange) Notifications The ACA requires…

Continue Reading

Small Business Tax Credits

How Does the ACA Affect Small Business? Several provisions of the Affordable Care Act (ACA) will likely have significant effects on small businesses, their employees, and families. Small businesses will have the option to purchase insurance through a new market, called the Small Business Health Options Program (or SHOP Exchange). In Utah, this exchange is called Avenue H. Though small…

Continue Reading

Pay or Play and the Employer Mandate

Start Preparing Now Recently a major provision of the Patient Protection and Affordable Care Act (PPACA), the Employer Shared Responsibility Mandate, has been delayed. The delay of this provision, commonly known as Pay or Play, means that employers have another year to prepare for compliance. This likely means that the IRS is going to be less lenient on employers when this…

Continue Reading

A Look Into Lookback Periods

Start Preparing Now As you may have heard, the White House made a surprising announcement this week that the Employer Responsibility provision of the ACA will be effectively delayed by one year. The IRS has already issued safe harbor guidelines to determining how businesses will comply with the new health reform law, but this recently announced delay will give employers…

Continue Reading

Timeline of Employer Provisions

Start Preparing Now As you know, the health reform bill has many provisions and many far-reaching effects, especially for business owners. ISIhr is here to help you navigate the new heath bill, understand its impacts, and get you ready for implementation. And if you’re a client, there’s a lot of work we’ll just outright do for you. But we need…

Continue Reading