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Employer Tax Credit for Paid Family and Medical Leave

Employer Tax Credit for Paid Family and Medical Leave Pursuant to § 45S of the Internal Revenue Code (Code), employers that provide paid family and medical leave to their workers may qualify for a general business credit. The tax credit is a percentage of wages paid between January 1, 2018 and December 31, 2019 only.

Libbie Wilmer, Chief Executive Officer, GBE&W, Honored with Coveted Most Influential Women in Benefit Advising Award | GBE&W

Wilmer One of Twenty Women Presented by “Employee Benefits Adviser” Magazine during Annual Workplace Benefits Summit

Grandfathered Health Plans

Grandfathered health plans are exempt from certain requirements under the Affordable Care Act (ACA). A plan loses its grandfathered plan status if it makes certain changes to reduce its benefits or increase the participant’s out-of-pocket costs. Quick Facts: A group health plan is grandfathered if it was in existence as of March 23, 2010 and

Deadline for Submitting Reinsurance Fee Enrollment Counts

The deadline for contributing entities to submit their 2014 annual enrollment counts has been extended until 11:59 p.m. on Dec. 5, 2014. Download the Article Quick Facts The reinsurance fee annual enrollment count must be submitted by Nov. 15 each year. On Nov. 14, 2014, CMS extended the regulatory deadline for 2014 to 11:59 p.m.

Employer Mandate (Play or Pay)

The Affordable Care Act’s “employer shared responsibility” provision – often referred to as the “employer mandate” or “play or pay” – applies only to employers with 50 or more full-time-equivalent employees. Starting in 2015, a Large Employer may be assessed a penalty for failure to offer health care coverage to its full-time employees. No penalties

Employer’s Role in Mental Health Care

Employer’s Role in Mental Health Care In March, Germanwings Flight 9525 crashed in the French Alps, killing all 150 passengers and crew members on board. Investigators later determined that the crash was deliberately cased by co-pilot Andreas Lubitz, who had a history of depression, reportedly exhibited suicidal tendencies and contacted a number of doctors for

Under the Health Care Reform rules, do small employers have any special reporting requirements for medical care right now?

 With respect to employer-sponsored group health coverage, the majority of requirements under the Affordable Care Act impact the insurance carrier that issues the group contract. Thus, the carrier takes the required actions while the employer does not have direct actions. Examples of items taking effect 2010-2013 that require/required carrier action include: expanding child eligibility though

More Information About Employer Notification Requirements for Medicare Part D Coverage

Plan sponsors of group health plans offering prescription drug coverage to Medicare eligible individuals have been responsible for issuing notices to Medicare Part D eligible individuals for several years now. The annual notice deadline is before October 15 of each year. The following explains the employer notice requirements. The Medicare Modernization Act (MMA) requires employers

For Affordable Care Act (ACA) reporting, is an employer required to file Forms 1094 or 1095 if it has less than 50 full time equivalent (FTE) employees?

Only if the employer offers a self-funded plan. In that case the employer would complete forms 1094-B and 1095-B. Otherwise, only applicable large employers (ALEs) are required to complete forms 1094-C and 1095-C. ALEs are those who had an average of 50 full-time employees (including FTEs) in the previous calendar year.

Minimum Essential Coverage (MEC)

Minimum essential coverage (MEC) means and includes the following types of health care coverage: Employer-sponsored coverage (including self-funded [self-insured] plans, COBRA coverage and retiree coverage) Coverage purchased in the individual market, including a qualified health plan offered by the Healt Insurance Marketplace Medicare Part A coverage and Medicare Advantage plans Most Medicaid coverage Children’s Health