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The Department of Treasury and the Internal Revenue Service Dec. 28, 2012, issued a notice of proposed rulemaking addressing the employer requirements contained in the Patient Protection and Affordable Care Act (PPACA), which is scheduled to take effect Jan. 1, 2014.
Several new provisions from the Patient Protection and Affordable Care Act (PPACA) are scheduled to become effective beginning next year. To help members understand their responsibilities under the health care law, ABC is providing a round-up of those regulations.
The Internal Revenue Service (IRS) and the Treasury Department issued proposals that will implement two taxes in the health care law on Jan. 1, 2013: the onerous 3.8 percent Net Investment Income Tax and the 0.9 percent Additional Medicare Tax. These taxes will heavily impact many merit shop contractors.
On Nov. 20, HHS published proposed rules on essential health benefits and determining actuarial value, and on health insurance market reforms. In addition, the IRS, Employee Benefits Security Administration and HHS’ Centers for Medicare and Medicaid Services issued a notice of proposed rulemaking on wellness programs in group health plans.
After the U.S. House of Representatives passed the Repeal of Obamacare Act (H.R. 6079) on July 11, ABC offered practical, common-sense health care solutions and continued to advocate for full repeal of the health care law.
ABC is joining more than 30 other organizations as part of the Stop the HIT Coalition to support the Jobs and Premium Protection Act (S. 1880), introduced Nov. 16 in the U.S. Senate, which would repeal the Health Insurance Tax (HIT) contained in Section 9010 of the Patient Protection and Affordable Care Act (PPACA).
The Departments of Health and Human Services, Labor and the Treasury recently issued another set of frequently asked questions (FAQs) regarding grandfathered health plans under the Patient Protection and Affordable Care Act (PPACA).
ABC, as part of the Employers for Flexibility in Health Care (EFHC) coalition, submitted comments on provisions in the Patient Protection and Affordable Care Act (PPACA) regarding the health insurance premium tax credit; eligibility determinations and exchange standards for employers; and the health coverage affordability safe harbor for employers.
To help members make sure they are in compliance with the new requirements under the Patient Protection and Affordable Care Act (PPACA), or health care law, ABC is offering a 2012 compliance checklist (PDF).
To help members get a greater understanding of their obligations under the Patient Protection and Affordable Care Act (PPACA), or health care law, ABC is offering an overview of the developments that took place in 2011.
The Internal Revenue Service (IRS) in January offered additional guidance on a provision in the Patient Protection and Affordable Care Act that will require employers to report the cost of coverage under an employer-sponsored group health plan on each employee’s W-2 form.
As part of the Employers for Flexibility in Health Care (EFHC) coalition, ABC submitted comments April 5 to the U.S. Department of Labor on the Patient Protection and Affordable Care Act (PPACA) to offer its suggestions on ensuring employer-sponsored coverage remains a competitive option for all employees, whether full time, part time, temporary or seasonal.
The Department of Treasury and the Internal Revenue Service (IRS) recently issued three notices related to the health care law that address minimum value and information reporting on health insurance coverage. In addition, the Departments of Health and Human Services, Labor and the Treasury issued a separate bulletin regarding verification of access to employer-sponsored coverage.