Archive for the ‘ACA’ Category

New ACA Implications for Cafeteria Plans: Change in Status and Changing Employee Elections | NY Employee Benefits

July 23rd, 2015   |   by admin   |   in ACA

By Danielle Capilla, Chief Compliance Officer at United Benefit Advisors Cafeteria plans, or plans governed by IRS Code Section 125, allow employers to help employees pay for expenses such as health insurance with pre-tax dollars. Employees are given a choice between a taxable benefit (cash) and two or more specified pre-tax qualified benefits, for example, […]

U.S. Supreme Court Upholds ACA Subsidy Eligibility on Federal Exchanges | New York Employee Benefits

July 9th, 2015   |   by admin   |   in ACA, PPACA

By Danielle Capilla Chief Compliance Officer at United Benefit Advisors The Supreme Court issued its opinion in King v. Burwell, holding that the Internal Revenue Service (IRS) may issue regulations to extend tax-credit subsidies to coverage purchased through Exchanges established by the federal government under the Patient Protection and Affordable Care Act (ACA). The six-to-three […]

Employers Procrastinating? | NYC Employee Benefits

June 22nd, 2015   |   by admin   |   in ACA, PPACA

By Peter Freska Benefits Advisor at The LBL Group A UBA Partner Firm Employee Benefit News published an article titled, “Employers procrastinating on ACA recordkeeping compliance.” It is an interesting read, as it refers to a recent survey by PricewaterhouseCoopers in which “Only 10% of some 480 employers in 36 industries responding to a recent […]

Source of Injury Restrictions and Group Health Plans | NY Benefits Broker

January 5th, 2015   |   by admin   |   in ACA Question: Our self-funded plan includes exclusions for hazardous activities and hobbies, including injury or illness arising from use of snowmobiles, personal aircraft, personal watercraft, four wheel recreational vehicles, etc. Does the Affordable Care Act (ACA) prohibit this type of exclusion or limitation for grandfathered and nongrandfathered plans? Answer: Federal regulations under the Health Insurance […]