Category: PPACA

  • IRS Updates Guidance on Play-or-Pay Penalty Assessments | Florida Benefit Advisors

    Posted on December 13th, 2017

    Beginning in 2015, to comply with the Patient Protection and Affordable Care Act (ACA), “large” employers must offer their full-time employees health coverage, or pay one of two employer shared responsibility / play-or-pay penalties. The Internal Revenue Service (IRS) determines the penalty each calendar year after employees have filed their… Read more »

  • What Is COBRA, and Does It Apply to My Business? | Benefits Broker Florida

    Posted on April 5th, 2016

    By Jennifer Kupper In-house Counsel & Compliance Officer for iaCONSULTING a UBA Partner Firm In the earlier days of the Patient Protection and Affordable Care Act (ACA), a common question among employers and benefit advisors was whether there would still be a need for COBRA, the Federal Consolidated Omnibus Budget… Read more »

  • IRS Reporting Tip: Check the Right Boxes on Your Cover Sheet | Benefits Broker FL

    Posted on March 31st, 2016

    By Danielle Capilla Chief Compliance Officer at United Benefit Advisors Under the Patient Protection and Affordable Care Act (ACA), individuals are required to have health insurance while applicable large employers (ALEs) are required to offer health benefits to their full-time employees. In order for the Internal Revenue Service (IRS) to… Read more »

  • HRAs, HSAs, and Health FSAs – What’s the Difference? | Employee Benefits Florida

    Posted on February 25th, 2016

    By Danielle Capilla Chief Compliance Officer at United Benefit Advisors Health reimbursement arrangements (HRAs), health savings accounts (HSAs) and health care flexible spending accounts (HFSAs) are generally referred to as account-based plans. That is because each participant has their own account, at least for bookkeeping purposes. Under the tax rules,… Read more »

  • Cafeteria Plans: How to Handle Participant Contributions | Jacksonville Employee Benefits

    Posted on October 22nd, 2015

    By Danielle Capilla Chief Compliance Officer at United Benefit Advisors Cafeteria plans, or plans governed by IRS Code Section 125, allow employees to pay for expenses such as health insurance with pre-tax dollars. Employees are given a choice between a taxable benefit (cash) and specified pre-tax qualified benefits, for example,… Read more »

  • Cadillac Tax | Jacksonville Benefits Broker

    Posted on September 21st, 2015

    Investigate how your employer is going to address the Cadillac Tax issue! A quick and easy to follow video which highlights the financial implications of the new excise tax and what you should be aware of now. This video (from a blog post on www.accountingaccidentally.com) has been written from the… Read more »

  • IRS Releases Draft 2015 Instructions for 6055/6056 Reporting | Florida Employee Benefits

    Posted on September 14th, 2015

    By Danielle Capilla Chief Compliance Officer at United Benefit Advisors Under the Patient Protection and Affordable Care Act (ACA), individuals are required to have health insurance while applicable large employers (ALEs) are required to offer health benefits to their full-time employees. In order for the Internal Revenue Service (IRS) to… Read more »

  • IRS Issues Second Notice to Assist in Developing Cadillac Tax Regulations | FL Employee Benefits

    Posted on August 31st, 2015

    By Danielle Capilla Chief Compliance Officer at United Benefit Advisors The IRS has issued its second notice regarding the upcoming implementation of the Patient Protection and Affordable Care Act’s (ACA) excise tax on high cost employer-sponsored health coverage, also known as the “Cadillac tax.” Beginning in 2018, plans that provide… Read more »

  • Preventive Services Final Rules | Florida Employee Benefits

    Posted on August 10th, 2015

    By Danielle Capilla Chief Compliance Officer at United Benefit Advisors Federal agencies released final regulations on the preventive services mandate of the Patient Protection and Affordable Care Act (ACA) that requires non-grandfathered group health plans to provide coverage without cost-sharing for specific preventive services, which for women include contraceptive services…. Read more »

  • U.S. Supreme Court Upholds ACA Subsidy Eligibility on Federal Exchanges | Jacksonville Employee Benefits

    Posted on July 9th, 2015

    By Danielle Capilla Chief Compliance Officer at United Benefit Advisors The Supreme Court issued its opinion in King v. Burwell, holding that the Internal Revenue Service (IRS) may issue regulations to extend tax-credit subsidies to coverage purchased through Exchanges established by the federal government under the Patient Protection and Affordable… Read more »

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