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House Clears Bill Revising Definition of Full-Time Employee Under Affordable Care Act

As expected, the House of Representatives approved legislation on Thursday that would change the definition of “full-time employee” under the Affordable Care Act.  Under the healthcare law’s employer responsibility requirements, an employer with 50 or more full-time or full-time equivalent employees will be required to provide health insurance that meets certain ACA standards to their full-time employees starting in 2015, or pay a penalty.  The ACA considers a worker “full time” if he or she works 30 hours or more per week, instead of the customary 40...

IRS Issues Final Employer ACA Reporting Rules

Despite the many Affordable Care Act (ACA) implementation delays, rules governing the healthcare law’s various provisions have not stopped coming.  On Wednesday, the IRS released two new rules related to ACA employer reporting requirements. The first rule, Information Reporting by Applicable Large Employers on Health Insurance Coverage Offered Under Employer-Sponsored Plans, implements the information reporting requirements under § 6056 of the Internal Revenue Code (IRC), while the second rule, Information Reporting of Minimum Essential Coverage, implements the...

Agencies Issue Rules Related to 90-day Limitations Period under ACA

The federal agencies charged with implementing provisions of the Affordable Care Act (ACA) have issued a final rule that implements the 90-day limit on waiting periods for obtaining health coverage. The ACA prohibits group health plans and group health insurance issuers from imposing a waiting period that exceeds 90 days after an employee is otherwise eligible for health coverage.  A “waiting period” is defined as the period that must pass before coverage for an individual who is otherwise eligible to enroll under the terms of a group health plan can become effective....

IRS Issues Final ACA Employer Mandate Rule

The Internal Revenue Service has released the long-awaited final rule implementing the employer shared responsibility (the “pay-or-play” employer mandate) provisions of the Affordable Care Act (ACA).  Generally, this mandate will require employers with 50 or more full-time and full-time equivalent employees to either offer employees and their dependents health coverage that meets affordability and “minimum value” requirements, or pay a penalty. The final rule includes some notable changes from the initial proposal.  In particular, the final rule offers a...

House Committee Advances Bills Addressing Definition of Full-Time Employee under ACA

On February 4 the House Ways and Means Committee approved two bills that address the definition of “full-time employee” under the Affordable Care Act.  Under the healthcare law’s employer responsibility requirements – commonly known as the “pay-or-play” provisions – an employer with 50 or more full-time or full-time equivalent employees will be required to provide health insurance that meets certain ACA standards to  their full-time employees starting in 2015, or pay a penalty.  The ACA considers a worker “full time” if he...

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Format: 2014-04-19
Format: 2014-04-19