United Benefit Advisors Insight and Analysis Blog

Extra, Extra! ACA Tax News, Read All About It!

Posted by: Jennifer Stanley    Jun 10, 2016 10:30:00 AM

The Patient Protection and Affordable Care Act of 2010 (ACA) has many tax provisions written within its 906 pages. I’ll give a brief overview of the taxes, and sprinkle in some good news among some not-so-good news.

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Topics: ACA, PPACA, Patient Centered Outcomes Research Institute, Transitional Reinsurance Fee, Jennifer Kupper, Play or Pay, Cadillac Tax, employer shared responsibility, ACA excise tax, ACA penalties, health insurers providers fee

When it comes to the "Cadillac" tax, there's no escaping death and taxes

Posted by: Carol Taylor    Mar 22, 2016 12:00:00 PM

The 2015 UBA Health Plan Survey data reveals who will not escape the 40% excise tax to take effect in 2020. The “Cadillac” tax, now called the excise tax, was originally set to start in 2018, but legislation passed the end of 2015 delayed the start date by two years.

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Topics: ACA, PPACA, excise tax, Cadillac Tax, UBA Health Plan Survey, Affordable Care Act, health care cost

ACA Penalties and Taxes and Fees — Oh My!

Posted by: Bill Olson    Jan 28, 2016 12:00:00 PM

Employers breathed a sign of relief when the looming Cadillac tax was delayed. But are you subject to other fees and penalties under the ACA? The ACA has introduced a multitude of new fees that employers must pay, in addition to penalties for non-compliance with employer shared responsibility rules. These dollar amounts change annually, as does the percentage amount used to calculate affordability in relation to the ACA. UBA’s new ACA Advisor, “Patient Protection and Affordable Care Act Fees, Penalties” gives a quick reference summary of the key 2015 and 2016 fees and penalties associated with the ACA.

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Topics: ACA, Transitional Reinsurance Fee, Cadillac Tax, minimum essential coverage, Affordable Care Act, PCORI Fee, ACA penalties

Top 10 UBA Blogs from 2015 Reveal Hot Button Healthcare Issues for Employers

Posted by: Bill Olson    Jan 7, 2016 12:00:00 PM

  1. IRS Provides Details on Reimbursing Premiums for Individual Health Coverage or Medicare Part B, Part D, for Medigap for Active Employees. For many years, employers were permitted to reimburse premiums paid for individual coverage on a tax-favored basis, however, these "employer payment plans" frequently are unable to meet all of the PPACA requirements. Read more
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Topics: wellness, ACA, PPACA, IRS Reporting Rules, summary of benefits and coverage, Cadillac Tax, PPACA reporting, Medicare, UBA Health Plan Survey, Affordable Care Act

Gift for Employers: Cadillac Tax Delayed

Posted by: Danielle Capilla    Dec 30, 2015 12:00:00 PM

President Obama has signed the omnibus legislation that includes the Consolidated Appropriations Act for 2016 and a tax extenders package. The agreement will keep the federal government running through September 2016. Within the legislation is language that significantly impacts provisions of the Patient Protection and Affordable Care Act (ACA), largely through delays of upcoming taxes.

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Topics: employers, delay, Cadillac Tax, Consolidated Appropriations Act

Cadillac Tax – Should employers be making changes now?

Posted by: Elizabeth Kay    Dec 10, 2015 12:00:00 PM

The Affordable Care Act (ACA) has brought about many changes in employee benefits. Plans have been eliminated, benefits added, rules changed, and rules have been delayed.

The ACA has always been a heavily debated topic between the Republicans and Democrats, and now that we are coming up to another presidential election we know that we can expect it to be talked about quite a lot.

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Topics: ACA, PPACA, Cadillac Tax, UBA Health Plan Survey, play or pay requirements, health insurance cost

2015 UBA Health Plan Survey Executive Summary Now Available!

Posted by: Bill Olson    Nov 5, 2015 12:00:00 PM

The data are in for the 2015 Health Plan Survey! See our news release with the top cost trends. Download the UBA 2015 Health Plan Survey Executive Summary with more detailed findings. For quick reference, here’s a brief punch list of the top trends:

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Topics: wellness, health plan survey, ACA, Cadillac Tax, UBA Health Plan Survey, Affordable Care Act, health plan trends, insurance costs

IRS Issues Second Notice to Assist in Developing Cadillac Tax Regulations

Posted by: Danielle Capilla    Aug 27, 2015 12:00:00 PM

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 coverage that exceeds a threshold will owe the tax.

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Topics: ACA, PPACA, Cadillac Tax, Danielle Capilla, PPACA fees, Affordable Care Act, ACA excise tax

Two PPACA Taxes Might Get the Ax

Posted by: Jennifer Stanley    May 12, 2015 12:00:00 PM

Health Insurance Providers Fee

Section 9010 of the Patient Protection and Affordable Care Act (PPACA) imposes a fee on each covered entity engaged in the business of providing health insurance for United States health risks. This is known as the Health Insurance Providers (HIP) fee or the Health Insurers Tax (HIT) tax. The first filings were due from covered entities by April 15, 2014, and the first fees were due September 30, 2014. Self-insured plans are not covered entities for the purpose of the HIP Fee. The HIP fee is an important revenue source for PPACA, amounting to $8 billion in 2014 and rising to $14.3 billion by 2018. While fully insured plans are not directly responsible for the HIP fee, the Congressional Budget Office was correct when it indicated that it would be “largely passed through to consumers in the form of higher premiums.” Some premiums have increased as much as 4.5%.

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Topics: PPACA Affordable Care Act, Jennifer Kupper, excise tax, Cadillac Tax, Health Insurers Tax, Health Insurance Providers fee

IRS Requests Input on the Cadillac Tax

Posted by: Linda Rowings    Mar 10, 2015 12:00:00 PM

Beginning in 2018, plans that provide coverage that exceeds a threshold will owe an excise tax that is frequently referred to as the “Cadillac tax.” The threshold generally will be $10,200 for single benefits and $27,500 for benefits provided to an employee, retiree, or member of a bargaining unit and dependents. The tax is 40% of the value of coverage provided over that threshold level.

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Topics: compliance, ACA, IRS, compliance with health care reform, HRA, excise tax, Cadillac Tax