Benefits Notes |

Employee benefits are an important part of every employees' total compensation package. The continuously evolving landscape in the areas of health care reform, retirement plan design, and executive compensation makes it difficult for employee benefits professionals to keep up with relevant developments. The employee benefits attorneys at Stinson Leonard Street provide human resources professionals, plan fiduciaries, actuaries, accountants, and others in the industry with practical and cost-effective assistance as they navigate through the complex laws, regulations and guidance that govern employee benefits plans. This blog highlights key developments in the employee benefits field and items of interest to our clients. Our Bloggers →

Benefits Notes Post

Business As Usual: Supreme Court Upholds ACA Subsidies

The United States Supreme Court recently held in King v. Burwell that the Affordable Care Act (ACA) permits individuals to receive health insurance premium subsidies through federally-facilitated exchanges (in addition to state-based exchanges). Because this decision is consistent with existing agency interpretation, the decision has little direct effect on employer-sponsored group insurance plans.

In the short term, employers should continue all efforts to comply with the ACA’s employer mandate.  In addition, employers should take care to ensure that all hours of service are accurately tracked and that all offers of coverage to full-time employees are properly reported in 2016.  In the long term, the Supreme Court’s decision has likely provided enough certainty about the future and stability of the ACA that agencies will begin to release additional ACA guidance.  Employers should continue to stay up to date on guidance as it is issued.

** Thank you to summer associate Courtney Harrison who assisted with this post. **