A Break for Smokers? Glitch May Limit Penalties.
This healthcare law is so bad. They just keep delaying things that people will not like.
This penalty is horrible it is going to penalize our smokers 50% about $150 a month. Then this administration decides that it is going to be unpopular so they delay it rather than fix it.
Not Qualified For Obamacares Subsidies? Just Lie — Govt. To Use Honor System Without Verifying Your Eligibility – Forbes.
It is starting to look like the Administration is admitting that they will not be able to get anything to work properly by October 1st.
I wonder what they will change next?
Will Obamacare survive? – chicagotribune.com.
Here is an interesting article about the developments this week with the healthcare reform law.
At one point the article states that this part of the law that they stopped was about one of the easiest things to implement.
Also to give you an idea of how far behind they are on this law, you should look at the program for navigators and they time line they planned and the time line that we are on.
Please let me know if you have any questions.
Here is the IRS Page regarding the new tax that is due to fund the Patient-Centered Outcomes research. Patient-Centered Outcomes Research Trust Fund Fee (IRC 4375, 4376 and 4377): Questions and Answers
If you read through it you will see that all health insurance plans have to pay this but, You are only required to take action if you have a self-funded health plan or HRA.
Also it appears that you only owe it the year after your plan renews following October 1st 2012. So if you are self funded or have an HRA and your plan ended before January 1st, read if you renewed your plan January 1st or before you owe this tax as of July 31st.
We currently have an accountant that we are working with if you would like help.
Here is the form that you need. http://www.irs.gov/pub/irs-pdf/f720.pdf
Here is the information regarding this requirement.
Please remember that we are not accountants or attorneys so you may want to contact you personal attorney and accountant for additional details.
Welcome to our newly designed blog. Please take a look around and let us know what you think.
Here is an article that is giving some details of the silver plans in California.
Let me know what you think.
Here is an article of the perils that schools are facing from health care reform.
Just so you know all large employers are facing these same situations.
The above article is from Reuters. This article states that the healthcare law required a study to be done regarding the results of workplace wellness programs. The report was done by the Rand Corporation and the results were released for a little while this week. Then they were removed, but Reuters obtained a copy and this article summarizes the findings.
It appears that short term there were no statistically significant benefits to workplace wellness programs.
Major Changes are coming and I will be updating this blog with the newest information everyday.