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…
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…
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…
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…
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…
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…
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…
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…
Utah Business Magazine – Ask The Experts July 2013 When you hear the words health care reform, what is your first reaction? Maybe your eyes dilate and your blood pressure rises. Or maybe you are like the majority of people in Utah and you don’t exactly know how to react. Over three years after President Obama enacted landmark heath…
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…