This is the second in a 2-part series on cafeteria plans. Click here to go back to Part 1. If you have questions about cafeteria plans or any small group coverage, please give us a call at 1-800-867-0800 or send us an email at jkatz@vamedicalplans.com. We will be happy to help. What are the Special Rules for Premium Conversion Plans? A premium conversion cafeteria plan (POP) — but not a
What Does the DOMA Ruling Mean for Health Insurance Reform?
Last month the US Supreme Court struck down Section 3 of the 1996 Defense of Marriage Act (DOMA) in its ruling in United States v. Windsor. The Court’s landmark decision to overturn DOMA extends federal benefits to legally married, same-sex couples. What does this mean in terms of health insurance reform and implementation of the Affordable Care Act (ACA)? Here are some key points: Eligibility for Federal Health Insurance Subsidies
What Every Business Needs to Know about the Affordable Care Act
We’ve added a new resource — What Every Business Needs to Know about the Affordable Care Act — on our Resources page. This is a terrific, easy-to-use guide that we think will be very helpful as companies and individuals do their best to learn about the new health care law. Take a few moments to check it out! Better yet, bookmark the page and refer back whenever you need to!
Small Employers May be Missing Out on Tax Credit
Attention Small Business Owners Do you employ fewer than 25 full-time employees (or full-time equivalents/FTEs)? Do you provide your employees with health coverage? If you answered YES to both of these questions, you may be eligible for a federal income tax credit on your annual federal tax return! Most people know that under the Affordable Care Act (ACA), small employers (those with fewer than 50 FTEs) are not required to
Employers Must Notify Employees About Health Insurance Information by October 1
Last month, we wrote about the Affordable Care Act’s (ACA) requirement that every employer provide written notice by October 1, 2013 to every employee about options for health insurance. In addition, after October 1, 2013, employers must provide the exchange notice to new hires within 14 days of the employee’s start date. We also posted a link to the Department of Labor’s (DOL) model notices that employers can use as
What Should I do if my Employer Stops Providing Health Care Coverage?
With health insurance premiums on the rise and companies struggling to survive tough economic times, more and more employers have stopped offering health insurance coverage for their employees. According to a recent study by the Robert Wood Johnson Foundation, the number of Americans who got their health coverage through their employer fell by 11.5 million between 2000 and 2011. Although many of these workers may have been able to get
