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Employer Shared Responsibility Payments and Reporting Requirements Under the Affordable Care Act: Code Sections 6055 and 6056

by Eriksen Insurance | Oct 3, 2014 | Health Insurance Cost

The National Law Review reports: “There are two types of employer shared responsibility payments, also known as pay or play penalties, under the Affordable Care Act (ACA).  The first penalty under Internal Revenue Code (Code) Section 4980H(a) is the penalty for...

IRS Gears up for Impact of Health Care Reform on Tax Season

by Eriksen Insurance | Oct 3, 2014 | Insurance Reform

Accounting Today reports: “Internal Revenue Service commissioner John Koskinen told a congressional subcommittee about the IRS’s progress on the Affordable Care Act and the impact that tax subsidies will have next tax season. In a hearing before the House Ways...

First Steps to Take With IRS Draft ACA Reporting Instructions

by Eriksen Insurance | Sep 10, 2014 | Insurance Reform

Health Insurance Exchange reports: “The Internal Revenue Service late last week released a set of long-awaited draft instructions for the forms employers will need to file to comply with the Affordable Care Act’s employer mandate, providing an opportunity for...

It’s Time to Kick Employer-Sponsored Healthcare to the Curb

by Eriksen Insurance | Sep 10, 2014 | Group Health Insurance

Business Cheat Sheet reports: “A great number of people in the United States have grown accustomed to having their employer pay for, or at least subsidize their healthcare costs. That usually takes the form of employer-provided health insurance plans, which have...

Why your 2015 health coverage will cost more

by Eriksen Insurance | Sep 10, 2014 | Health Insurance Cost

Crain’s Chicago Business reports: “A year after the nation embarked on the experiment in health care called Obamacare, rising drug prices threaten to jack up costs for employees and employers alike in 2015. Health care plans spend the most on drugs for...
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