Full Time Archives - Setnor Byer

12 Nov Affordable Care Act Update: IRS Extends ACA Reporting Deadline and Good-Faith Relief from Penalties

Posted at 20:02h in Affordable Care Act, Commercial Insurance, Employee Benefits, Group Benefits, Health Insurance

Setnor Byer Insurance & Risk This seemingly endless year is almost over…finally. That means it’s time for Applicable Large Employers (ALEs) to start focusing on the Affordable Care Act’s annual information-reporting requirements. Fortunately, the Internal Revenue Service extended the deadline for ALEs to furnish 2020 information...

18 Aug Affordable Care Act: Will Your Group Health Plan be Affordable in 2021?

Posted at 13:42h in Affordable Care Act, Commercial Insurance, Employee Benefits, Group Benefits, Health Insurance, Human Resources

The Affordable Care Act’s affordability threshold for employer-sponsored group health plans will increase to 9.83 percent in 2021. The affordability threshold is currently 9.78 percent. The impending increase primarily affects employers with 50 or more full-time or full-time equivalent employees. The ACA generally requires these...

28 Jan Are You Ready for the New Affordable Care Act Reporting Requirements?

Posted at 13:44h in Health Insurance, Labor & Employment Law

The Affordable Care Act (ACA) requires Applicable Large Employers (ALEs) with 50 or more full-time or full-time equivalent employees to file information returns with the Internal Revenue Service and provide statements to their full-time employees about employer-offered health insurance coverage. This information will be used...

13 Aug Counting Employees under the Affordable Care Act’s Pay-or-Play Provisions

Posted at 13:07h in Commercial Insurance, Employee Benefits, Health Insurance

Employers subject to the Affordable Care Act's Employer Shared Responsibility provisions may be assessed a penalty if they do not offer affordable health coverage that provides a minimum level of coverage to their full-time employees and their dependents. Whether an employer is subject to these...

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