Explaining ACA to business

Explaining the Benefit of Self-Funding Plans Post ACA

Your health plan renewal is rapidly approaching and your organization is facing increased healthcare costs and out of control drug spending. What are your options? Understanding the financial impact, compliance challenges and new administrative burdens associated with the ACA Employer Mandate is just the first step in this process of managing compliance and employee benefits.…

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business people leaving

The Big Insurer Marketplace Exodus & Fully-Insured Plans in 2017

Large insurers leaving the ACA party early is threatening to undermine the mechanics of how the legislation was designed to operate during a ten-year implementation period. The unraveling began in 2015 as numerous carriers showed significant losses on their blocks of businesses in the ACA marketplace, and the recent announcement by United Healthcare that they…

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Working White Collar Job

New White-Collar Exemption Changes May Mean Increased Labor Costs, Compliance Efforts

The proposed U.S. Department of Labor (DOL) changes to the “white-collar exemption” in the Fair Labor Standards Act (FLSA) could make more than 5 million individuals eligible for overtime pay—individuals who currently aren’t eligible. This could have a significant impact on employers who may face increased labor costs and compliance efforts. To qualify for the…

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Avoiding March Madness

Now that the super bowl is behind us the mood for sports enthusiasts around this part of the country shifts to college basketball, and before you know it someone will be organizing a bracket pool in your office.   One of my favorite slides to show audiences across the country is a bracket outlining how…

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IRS Money

IRS Reporting Deadline Extension

In yet another surprising move during a snowy holiday break, everybody’s favorite agency of government, the Internal Revenue Service, gave applicable large employers more time in 2016 to file their “Official Employer Report” and notify employees of coverage availability.   Context   This is important for two reasons. First, the government has to track those…

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What to Watch for in Second Half of 2015

The Affordable Care Act survived a second appearance in the Supreme Court. The law has officially achieved feline status and appears to have nine lives. Remember this is not the first rodeo for arguably the largest piece of social legislation since the Medicare program.   King v. Burwell will probably be the final legal challenge…

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