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ABC has also always been opposed to tax increases, especially at a time when the unemployment rate in the construction industry exceeds 16 percent. The new health care law includes an $87 billion health insurance premium (HIT) tax that will fall hard on small businesses.
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).
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.
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.
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.