House Republicans are taking another shot at dismantling the Affordable Care Act, this time taking aim at taxes and penalties related to the divisive health care law.
They have also inserted language into the joint-chamber tax bill that would eliminate ACA penalties for people who fail to secure health insurance if they do not get it from their employers.Read More
The Internal Revenue Service is reminding eligible employees that now is the time to begin planning to take full advantage of their employer’s health flexible spending arrangement for next year.
If you don’t offer a flexible spending account (FSA) for your employees, you should consider starting one as they allow them to use tax-free dollars to pay medical expenses not covered by their health plan, including deductibles, copays and any pharmaceuticals.Read More
The holiday season can bring a combination of fun and excitement as well as stress and anxiety for your staff.
While the majority of workers enjoy December as it brings more cheer to the office, as well as goodies from vendors and maybe even a company party, not everyone feels the same.Read More
The IRS has started sending out letters to employers who have failed to comply with the Employer Shared Responsibility provisions under the Affordable Care Act for the year 2015.
The IRS seems to be moving forward with notifying employers after attempts to repeal and replace the ACA failed in Congress and since there has been no further rule-making, guidance or legislation that rolls back enforcement of the employer mandate.Read More
Three in five employers think their contracts with pharmacy benefit managers are overly complex and not transparent, according to a new study.
The study, which found that employers would prefer that PBMs are more transparent with their pricing and would like them to focus less on rebates and value-based designs, comes as PBMs are under increased scrutiny for their opaque pricing practices.Read More
The Affordable Care Act requires insurers to reduce cost sharing (deductibles and copays) in silver-level plans for marketplace enrollees with incomes below 250% of the federal poverty line. Until now, insurers have relied on offsetting payments from the federal government to provide this feature.
These payments amounted to $7 billion for fiscal year 2017, $10 billion for 2018 and will reach $16 billion by 2027.Read More
As competition for talent heats up, more companies are not only offering higher salaries, but also boosting their employee benefit offerings, according to a new study.
Nearly 33% of organizations surveyed said they had increased their overall benefits in the last 12 months, a Society for Human Resource Management (SHRM) study found recently. The majority of benefits increases were in health insurance and wellness programs.Read More
John W. Sbrocco gets interviewed live by Meg Murphy, the HealthJoy director of communications, at the Workplace Benefits Mania Conference in Las Vegas.
