The Majority of the Affordable Care Act Still Goes Into Effect January 1, 2014

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On July 2, 2013, a portion of the Affordable Care Act (ACA) has been delayed one year, thank goodness. This means that employers with 50 or more employees will not be penalized for either not providing insurance, or not providing affordable insurance and a subsidy-receiving employee purchases insurance on the exchange. According to the Treasury Department, the delay was necessary because it would be impossible to determine which employers owed penalties because the employer reporting rules have not been released.

However, ...

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The Affordable Care Act Gives Consumers a Big Payday.

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The medical loss ratio rules within the Affordable Care Act require individual and small group health insurers to spend at least 80 percent of premiums on medical claims or improvements; large group insurers must spend at least 85 percent.  This limits the amount an insurance company can spend on administration and profits. The rebate is subtracted from insurance companies’ taxable income.

For 2012, consumers will receive $500 million in rebates due to this rule.  They will average about $100 per family, ...

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Employers have New Affordable Care Act Responsibilities Starting in October.

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On October 1, 2013 entities that are deemed employers under the Fair Labor Standards Act must provide all new and current employees with written notice of the health insurance coverage available on the Affordable Care Act’s exchanges.  Notice must be given to all employees regardless of whether they are enrolled in the employer’s health plan or are full or part-time.

New employees must be given notice at the time of hiring, but in 2014 notice must be given within 14 days ...

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The Affordable Care Act Will Be Here Sooner Than You Think

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The Affordable Care Act Will Be Here Sooner Than You Think

We’ve all heard that January 1, 2014 is when the “big changes” are taking place. The individual mandate tax goes into effect and requires uninsured American’s to buy insurance. Coverage under the Exchanges will first be effective on that date. All employers will be subject to the Pay or Play provision beginning January 1, 2014.

What many employers do not understand is that the Pay or Play Provision applies to all ...

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Official Involved in IRS Scandal Appointed as Director of IRS’ Affordable Care Act Office.

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Sarah Hall Ingram, who is currently under fire for her possible role in the IRS scandal involving the IRS’ targeting of conservative groups filing for tax exempt 501(4)(c) status, has been appointed Director of the IRS Affordable Care Act office. She will be responsible for the Affordable Care Act’s implementation.

While her role in the scandal is still unclear, her appointment adds fuel to the scandal’s fire because critics are outraged that an accused official has been given control of something ...

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