#individual shared responsibility

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New Law Exempts Certain Small Employer HRAs From ACA Market Reforms

New Law Exempts Certain Small Employer HRAs From ACA Market Reforms

New Law Exempts Certain Small Employer HRAs From ACA Market Reforms Gaddiel Gonzalez-Brown & Brown Consulting

President Obama has signed into law the 21st Century Cures Act, which, among other things, allows small employers to offer new “qualified small employer health reimbursement arrangements” to reimburse employees for qualified medical expenses, including individual health insurance premiums

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Now Available: Empower Me Benefits Private Exchange

Now Available: Empower Me Benefits Private Exchange

Total Benefit Solutions has partnered with Empower Me Benefits to provide our clients with best in industry benefits technology that‘s customizable for even the smallest employer.

The EmpowerMe Benefits Exchange allows you to remain complaint with the Affordable Care Act (ACA), easily manage benefits, and control health care costs with a single solution. The EmpowerMeBenefits Exchange is an…

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Health Reform: Broker Handling of Confidential Tax Information

Health Reform: Broker Handling of Confidential Tax Information

Agent and Broker Handling of Federal Tax Information

Federal Tax Information (FTI) is classified as confidential and may not be used or disclosed except as expressly authorized by the Internal Revenue Code, which may require written consent of a taxpayer in certain situations.

As an agent or broker operating in an Individual Marketplace, it is possible that we may encounter FTI when assisting…

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Health Reform: Individual Responsibility Changes for 2015

Health Reform: Individual Responsibility Changes for 2015

Individual Shared Responsibility Payment Amounts for 2014 and 2015 Tax Years The amount of the individual shared responsibility payment increases between 2014 and 2015.

2014: The annual individual shared responsibility payment is the greater of

1% of the taxpayer’s household income that is above the tax return filing threshold for the taxpayer’s filing status, or

The taxpayer’s flat dollar…

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