Legislative Brief: Affordability Percentages Will Increase for 2019
Category: Employee Benefits, Affordable Care Act, Legislative Brief
On May 21, 2018, the Internal Revenue Service (IRS) issued Revenue Procedure 2018-34 to index the contribution percentages in 2019 for purposes of determining affordability of an employer’s plan under the Affordable Care Act (ACA). For plan years beginning in 2019, employer-sponsored coverage..
Legislative Brief: Employee Benefit Changes in the Tax Cuts and Jobs Act of 2017
Category: Employee Benefits, Affordable Care Act, Legislative Brief
On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act (H.R. 1) (the “Bill”). The House and Senate Conference Committee provided a Policy Highlights of the major provisions of the Bill, and the Joint Committee on Taxation provided a lengthy explanation of the Bill.
Legislative Brief: House and Senate Pass Tax Reform Bill
Category: Employee Benefits, Affordable Care Act, Legislative Brief
On Dec. 20, 2017, the tax reform bill, called the Tax Cuts and Jobs Act, passed both the U.S. Senate and the U.S. House of Representatives. The bill is now expected to be signed into law by President Trump shortly.
Legislative Brief: What If the Employer Mandate Is Repealed?
Category: Employee Benefits, Affordable Care Act, Legislative Brief
The Affordable Care Act (ACA) requires applicable large employers (ALEs) to offer affordable, minimum value health coverage to their full-time employees in order to avoid possible penalties. Because this employer mandate has been criticized as burdensome for employers and an impediment to..
