Coming Dec. 12, 2014 @ HQ Raleigh: Affordable Care Act - Important updates for 2015
Various government agencies, including the Department of Labor, Health and Human Services and the Treasury Department collectively issued guidance on November 6, 2014, confirming that all employer reimbursements of individual health insurance policy premiums will violate the Affordable Care Act (ACA). Certain employers have historically reimbursed employees for individual health insurance policy premiums, sometimes on a pre-tax basis and sometimes on an after-tax basis. These agencies issued guidance in late 2013 providing that pre-tax reimbursements for employee healthcare insurance expenses would be prohibited effective January 1, 2014 as such reimbursements were determined to constitute “plans” which did not comply with Affordable Care Act requirements. The recent guidance has clarified that after-tax reimbursement of individual health insurance premiums is also prohibited, and that making any. These reimbursement arrangements will violate the ACA and may subject employers to a penalty of trigger an excise tax of $100 per day per affected employee (up to $36,500 per year per employee).
Join us as we host an information session on some major regulations regarding the Affordable Care Act and reimbursement of healthcare premiums by employers. A lot of startups and smaller companies give monthly bonuses or increase their gross salary to cover healthcare costs. Some of these strategies may no longer be legal. Do you know if the way you have structured your employee healthcare plan is legal? Come talk with Holly Hammer and Hallie Miller about the new rules and what you can do.
Friday, December 12, 2014 @ 10AM - 11AM
310 S Harrington St
Raleigh, NC 27603
Register here! (free)