Monthly Archives: February 2015

IRS Notice 2015-17

February 25th, 2015

An employer-sponsored HRA will not be able to avoid the annual limit requirements by being integrated with individual market coverage or with an employer plan that provides coverage through individual policies.   The Agencies apply this rule to any group health plan used to purchase coverage on the individual market, not just to HRAs. The group...

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NLRB’s New Quickie Election Rules May Tilt Scales Towards Unions

February 18th, 2015

The “quickie election” rules were originally proposed two years ago, but were narrowly rejected by the National Labor Relations Board (NLRB) when the majority of its five members were appointees of President George W. Bush. Today the majority are President Obama appointees, and the rules were adopted 3-2, along party lines. From the majority’s perspective,...

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Take the Human Error Out of Payroll & Stay Compliant with ACA Requirements

February 18th, 2015

A critical aspect of the Affordable Care Act is the new employer mandate to offer health insurance. The employer mandate requires businesses with 50 or more full-time and full-time equivalent (FTE) employees to offer health insurance coverage. If tracked incorrectly, your company will become vulnerable to unnecessary audits and costly penalties. Luckily, BASIC offers employees...

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Applying the Affordablity Safe Harbors

February 12th, 2015

Question: In applying one of the affordability safe harbors for 2015, is the figure 9.56% applied instead of 9.5%? Answer: No. Beginning in 2015, the IRS increased the percentage of an employee’s household income-from 9.5% to 9 .56% – that may be charged for the employee’s required contribution and still be considered “affordable” for purposes...

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