The Benetech Advantage
It's lonely in HR. Never fear! Benetech's team of seasoned experts provides the wisdom, technology insights, and healthcare regulatory updates that keep under-staffed and over-tasked HR departments informed, in compliance, and running lean!
By: Marissa Dalmata
May 8th, 2017
The House of Representatives passed the American Health Care Act (AHCA) on May 4. So what? Taking a “we’ll make some changes, then the Senate makes some changes” approach to repealing and replacing Obamacare, the Senate assures that the bill is far from earning the simple majority required to pass in the Senate and land on President Trump’s desk. To the contrary, many in the Senate called the bill “dead on arrival.” What are employers to take away from it all? We are a far cry from repeal and replace. For at least another year we can expect the Employer Shared Responsibility Mandate to remain intact, to include annual 1095-C reporting for employees and the IRS.
By: Jason Barnes
April 3rd, 2017
At the Capital Region Human Resource Associations 2017 One-Day Conference, nationally recognized labor attorney, John Bagyi, Esq., provided a brief overview of the draft NY Paid Family Leave regulations released last February, and discussed how the regulation will interact with FMLA. Always amazes me how Mr. Bagyi can take the dryest of regulatory topics, pepper them with story, and make them sticky for the audience. In this brief blog, I've pulled some tables and notes from his March 23rd presentation for readers to have a quick-fact sheet on what to expect for NY Paid Family Leave come next January. Of note, the NY Workers' Compensation Board will be receiving comments on the draft regulation through April 7, 2017. Final regualtions are anticipated this June, as participating insurance companies will need ample time to finalize new products to bring to market.
By: Matt Ingold
March 8th, 2017
Yes, it’s true, the House Ways and Means Committee has released their portion of the Affordable Care Act “repeal and replace” bill. Already, this is generating a lot of churn and discussion in the media regarding individual and employer mandate reporting requirements for 2017. This is where we advise everyone to pause, and take a breath.
By: Matt Ingold
January 3rd, 2017
With less than 3 weeks between today and Inauguration Day, there is a lot of speculation about the future of the Affordable Care Act. In this blog we’ll be reviewing the likely tactic of Budget Reconciliation that Congress will use to rapidly repeal the ACA, and discuss which provisions can and cannot be impacted by this tactic.
We've outlined the 3 most common mistakes employers make when offering benefits in a quick ebook. Get your copy free when you subscribe to our blog.
By: John Dalmata
December 19th, 2016
On December 13, 2016, the 21st Century Cures Act was signed into law, allowing for small group employers not offering employer-sponsored health plans to offer stand-alone Health Reimbursement Arrangements (HRAs). The change is significant, given that most stand-alone HRAs have been prohibited by the Affordable Care Act since 2014. This new type of HRA, called a “qualified small employer HRA,” is effective for plan years starting on or after January 1, 2017. So, what’s this mean? Employers that currently do not sponsor a health plan may consider implementing a qualified small employer HRA in order to help employees pay individual insurance premiums or qualified medical expenses.
By: Matt Ingold
December 5th, 2016
With much buzz in the media surrounding the future of the Affordable Care Act (ACA) amidst a Trump-administration, I’d like to focus on a few points to help us better frame a realistic discussion about the future of the ACA and American healthcare. Beyond the millions of Americans reliant upon government subsidies for affordable healthcare, there is also roughly 20% of America’s gross domestic product, according to a recent report, that is fueled by stakeholders in the insurance or healthcare industry. In other words, there are a lot of lobbyists that will be weighing in on discussions surrounding the future of American healthcare. So what do we know?
By: Matt Ingold
November 21st, 2016
While we were not expecting it, we certainly are not complaining. On November 18, 2016, the IRS issued Notice 2016-70, granting Applicable Large Employers (ALEs) under the Affordable Care Act (ACA) an additional month to furnish individual employee 1095-C and 1095-B Returns. The IRS cited the reason for the extension being that the Treasury Department had determined a significant number of ALEs and insurance providers would need the additional time to analyze 2016 reporting data and complete their reports on time. Here are a couple of key points to keep in mind regarding Notice 2016-70:
By: John Dalmata
November 4th, 2016
Good news! The IRS received and applied some of the feedback they received on simplifying the 1095-C.
Before you leave...
We've outlined the 3 most common mistakes employers make when offering benefits in a quick ebook. Get your copy free when you subscribe to our blog.
Before you leave...
We've outlined the 3 most common mistakes employers make when offering benefits in a quick ebook. Get your copy free when you subscribe to our blog.
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