Category: Healthcare

Cures Act Approves HRAs for Small Employers

On December 13, 2016, President Obama signed into law the 21st Century Cures Act. In addition to funding medical research, accelerating cutting-edge treatments for rare diseases and adding significant reforms to the mental health system, the new legislation allows small employers to provide standalone Health Reimbursement Arrangements (HRAs) to employees without paying penalties imposed by the […]

Posted In: Healthcare, Healthcare Law

What Health Coverage Forms Must Large Employers Complete and When?

Question: Our business has determined that we’re an applicable large employer (ALE) subject to employer shared responsibility under Internal Revenue Code Section 4980H. As an ALE with a fully insured health plan, what forms do we need to complete to report on health coverage? When do we need to file them with the IRS? Answer: You need […]

Posted In: Healthcare

Coming Soon: ABLE Accounts for Disabled Individuals

On December 19, 2014, the President signed into law the Tax Increase Prevention Act of 2014. This legislation included the Achieving a Better Life Experience Act of 2014 (ABLE Act), which provides for a new type of tax-advantaged account for disabled persons called an ABLE account. New Type of 529 Plan The tax laws have […]

Posted In: Healthcare, Healthcare Law

Small Business Reprieve on Health Premium Reimbursement Plans

Historically, companies that wanted their employees to be protected with health coverage, but didn’t want the hassle of having a company health plan, could simply give employees an amount of money sufficient to reimburse them for the cost of buying that coverage or some portion of it. As long as the individuals provided evidence that […]

Posted In: ACA, Business, Healthcare

Employer Penalty Alert for Reimbursing Employee Health Coverage

The Affordable Care Act (ACA) established a number of so-called “market reform” restrictions on employer-provided group health plans, starting with plan years beginning in 2014. These restrictions generally apply to all employer-provided group health plans — including those furnished by small employers with less than 50 workers. Even worse, there’s a punitive penalty for running […]

Posted In: ACA, Healthcare, Healthcare Law

The Challenges of Administering Family and Medical Leave

The Family and Medical Leave Act (FMLA) provides employees with the security of job protection for up to 12 weeks for a qualified leave. But when does the clock on the 12-week period begin to run? And what requirements must the employee fulfill to officially notify the employer? These are the issues presented in two […]

Posted In: Healthcare

Telemedicine Explosion Coming to a Health Plan Near You

Telemedicine is not a medical specialty. Defined broadly, it is “the use of medical information exchanged from one site to another via electronic communications to improve a patient’s clinical health status,” says the American Telemedicine Association (ATA). It began as a means of linking patients at small remote medical facilities to more highly trained or […]

Posted In: Healthcare

Medical Expense New Limit on Deductions

Health care costs have received a lot of attention recently as the provisions of the Affordable Care Act (ACA) kick in. But there’s another reason to turn your attention to health care expenditures: A change that makes it harder than ever to claim the medical expense deduction. Here’s a refresher on what’s new — and some […]

Posted In: Healthcare, Tax Deductions

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