President Barack Obama has been re-elected for a second term in office. Obama’s re-election, along with last summer’s Supreme Court decision upholding the health care reform law, cements the Democratic Party’s dedication to the legislation. What do employers have to do next? With the landscape of employer-provided health care potentially changing over the next few» Read Full Article
The Internal Revenue Service released final guidance for small employers eligible to claim the new small business health care tax credit for the 2010 tax year. This includes a one-page form and instructions small employers will use to claim the credit for the 2010 tax year. New Form 8941, Credit for Small Employer Health Insurance Premiums,» Read Full Article
A recent survey by the National Business Group on Health reveals that large U.S. employers predict their health care benefits costs will rise an average of 8.9 percent in 2011 (up from 7 percent in 2010). Top strategies employers plan to use to control costs include: Raising employee contributions (63 percent) Raising out-of-pocket maximums (46» Read Full Article
Thanks to everyone who attended this free webinar hosted by our Assurex partner on Health Care Reform for Employer Sponsored Plans. May 5, 2010 1:30-2:30 (CST).
The recently enacted federal health reform legislation contains provisions for health insurance expense tax credits for small businesses. A qualifying employer must have less than the “equivalent” of 25 full-time workers. Employer eligibility rules, how to calculate the full-time equivalent workforce, amount of credit, how the credit is calculated, how to claim the credit and other important concerns were covered in this 60 minute Webinar.
It has been difficult enough to keep track of the legislative process and much more difficult to actually know and understand what it contains and means. We know that there are many more questions than there are answers at this point. One simple and common question that we have received from many of you is: “So what happens next?” In an effort to help answer that question, we have made two documents available to you…