President Trump’s Actual Health Care Amendment You’ve probably read the headlines: “The New Study That Shows Trumpcare’s Damage,” The New York Times, “GOP Health Plan: Don’t Get Sick (Especially [...]
The Affordable Care Act’s affect on the cost of care Since the Affordable Care Act (ACA) became the law of the land in 2010 and later implemented into the markets in 2014, it has had a [...]
New Overtime Ruling From The Department Of Labor The US Department of Labor (DOL) released its final rule that will raise the white collar overtime exemption threshold under the Fair Labor [...]
Posted by Maschino, Hudelson & Associates on 08/26/2011 ERISA requires group health plans to have a written plan document in place, and to provide a summary plan description (SPD) to [...]
One of our clients is looking into putting in a Section 105 plan to pay for their employees’ individual health insurance premiums. Our client is thinking about dropping their group health plan and getting their employees individual health plans and contributing an amount each month towards their premiums under a Section 105 plan. The company is a corporation. Is this something they can do and if so how does it work?
I wanted to get back to you quickly on this issue as this is not allowed. An employer is not permitted to pay the premiums for an employee’s individual policy on a tax advantaged basis. Please [...]
What You Need to Know about the Small Business Health Care Tax Credit How will the credit make a difference for you? For tax years 2010 through 2013, the maximum credit health care tax credit is [...]
More than four years after the Affordable Care Act was signed into law, employers are just now getting a complete picture of what’s required of them to comply with the employer “play-or-pay” [...]