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 →

Latest Health Care Reform Posts

I’m an Applicable Large Employer – To Whom Must I Offer Health Coverage in Order to Avoid Pay or Play Penalties?

By Benefits Notes Team | March 12, 2013

Health Care Reform Beginning in 2014, the employer shared responsibility mandate of the Patient Protection and Affordable Care Act requires applicable large employers (those employing on average at least 50 full-time equivalent employees on business days during the preceding calendar year (also see previous blog on determining if you...

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DOL Publishes Helpful Self Compliance Tools

By Angela Bohmann | March 6, 2013

Health Care Reform, Health Plan The Department of Labor has published two checklists that plan sponsors can use to test their compliance with group health plan requirements. One checklist addresses the Affordable Care Act (ACA or health care reform) provisions, including a plan’s status as a “grandfathered” plan exempt from some ACA...

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I’m Not an Applicable Large Employer under the Affordable Care Act…or am I?

By Benefits Notes Team | February 8, 2013

Health Care Reform Only applicable large employers may be assessed a penalty under the employer shared responsibility mandate of the Affordable Care Act.  An applicable large employer is defined by the regulations as one that has employed an average of at least 50 full-time employees (taking into account full-time equivalent employees...

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Proposed Rules Issued on Contraceptive Coverage

Health Care Reform, Health Plan The Affordable Care Act requires most health plans to cover certain women’s preventive services, including contraception, without charging a co-pay or deductible. On January 30, 2013, the Obama Administration released proposed rules that continue to implement provisions in the health care law providing women...

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Health Care Reform “Pay or Play” Guidance Issued

By Benefits Notes Team | February 1, 2013

Health Care Reform In early January, the Internal Revenue Service published proposed regulations on “Shared Responsibility for Employers Regarding Health Coverage.”  These regulations incorporate the provisions of many previous Notices with some modifications, and also propose guidance on additional issues under the Patient...

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Remember to report the value of health coverage on employees’ 2012 Form W-2s

By Benefits Notes Team | January 2, 2013

Health Care Reform, Health Plan, Payroll The Patient Protection and Affordable Care Act requires employers who issue 250 or more W-2s in a year to report the aggregate cost of coverage under an employer-sponsored group health plan in Box 12 of each employee’s Form W-2, using code DD. In general, the amount reported should include both the employer and...

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Certain Plan Designs Will Cost More Under the Patient-Centered Outcomes Research Institute Fees

By Angela Bohmann | December 24, 2012

Health Care Reform, Health Plan The Affordable Care Act establishes a Patient-Centered Outcomes Research Institute as a private nonprofit corporation to assist patients, clinicians, purchasers and policy makers in making informed health decisions using evidence based medicine. The Institute is to be funded through a trust fund called the...

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HEALTH CARE REFORM – IMPLEMENTATION TIMELINE FOR EMPLOYERS (subject to change as additional guidance is issued)

By Benefits Notes Team | December 10, 2012

Health Care Reform Here’s a brief timeline highlighting important health care reform dates for employers…I expect some dates will change as 2014 draws nearer, and I will update the timeline accordingly. 9/23/12 – Group health plans must provide all eligible employees a standard Summary of Benefits and Coverage so members can...

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Health Care Reform – What Employers Should be Thinking About Now

By Benefits Notes Team | December 3, 2012

Health Care Reform Beginning in 2014, the Affordable Care Act will require employers employing 50 or more full-time equivalent employees to offer full-time employees affordable, minimum essential health coverage. If such health coverage is not offered, and if at least one employee receives a premium tax credit on a state or federal...

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IRS Issues Q&As on Collection of Additional Medicare Tax in 2013

By Jeffrey Cairns | July 30, 2012

Health Care Reform, Payroll The Patient Protection and Affordable Care Act (PPACA) provided a number of new taxes to help finance the new health care law. One such tax is an additional Medicare tax on high earners that takes effect for tax years beginning after 2012. To assist taxpayers and employers in implementing the collection of the new...

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