United Benefit Advisors Insight and Analysis Blog

Affordability Safe Harbors May Not Be As Safe with New Overtime Exemption Rules

Posted by: Carol Taylor    Jul 5, 2016 10:00:00 AM

The new Department of Labor (DOL) overtime exemption rules increase the salary threshold from $23,660 a year to $47,476 annually, beginning December 1, 2016. This means that employees earning less than the threshold can no longer be considered salaried and exempt from overtime pay.

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Topics: ACA, minimum value coverage, Federal Poverty Level safe harbor, W-2 Box 1 safe harbor, rate of pay safe harbor, affordability safe harbor, overtime exemption

IRS Reporting: Now What?

Posted by: Danielle Capilla    Jun 24, 2016 10:00:00 AM

Applicable large employers and self-funded employers of all sizes have now completed the first round of required IRS reporting under the Patient Protection and Affordable Care Act (ACA). The ACA requires individuals to have health insurance, while applicable large employers (ALEs) are required to offer health benefits to their full-time employees.

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Topics: ACA, PPACA, IRS Reporting Rules, premium tax subsidy, employer shared responsibility, minimum value coverage, applicable large employers

Top 10 Questions about the Minimum Value Penalty

Posted by: Danielle Capilla    Feb 16, 2016 12:00:00 PM

An employer that offers minimum essential coverage to substantially all of its full-time employees may still owe penalties if the coverage it offers is inadequate because it is not "affordable" or it does not provide "minimum value." It also may owe penalties on the employees it does not offer coverage to who receive a premium subsidy.

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Topics: ACA, PPACA, Danielle Capilla, Affordable Care Act, minimum value coverage, play or pay requirements

Template Letter to Employees about IRS Forms 1095-B and 1095-C

Posted by: Danielle Capilla    Dec 8, 2015 12:00:00 PM

UBA has created a template letter that employers may use to draft written communication to employees regarding what to expect in relation to IRS Forms 1095-B and 1095-C, and what employees should do with a form or forms they receive. The template is meant to be adjustable for each employer, and further information could be added if it is pertinent to the employer or its workforce.

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Topics: employee communication, IRS Form 1095, minimum essential coverage, Danielle Capilla, minimum value coverage

IRS Proposes Minimum Value Rule Change to Mesh IRS and HHS Rules

Posted by: Danielle Capilla    Sep 24, 2015 12:00:00 PM

Beginning in 2015, under the Patient Protection and Affordable Care Act (ACA), large employers must offer affordable, minimum value coverage to their full-time employees or potentially pay a penalty. Some companies have or had been marketing a plan that they state satisfies the minimum value requirement (an actuarial value of 60 percent), based upon a calculator provided by the Department of Health and Human Services (HHS), even though the plan does not cover inpatient hospital charges. New information provided by the IRS and HHS in 2014 and recently in 2015 should be considered as employers review their benefit offerings.

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Topics: ACA, PPACA Affordable Care Act, minimum essential coverage, minimum value coverage, play or pay requirements