Question of the Month: How is PPACA’s “IRS Form W-2 safe harbor” regarding affordability calculated? | Conshohocken Employee Benefits

By Danielle Capilla, Chief Compliance Officer at United Benefit Advisors Answer: Under PPACA, coverage is considered affordable if it costs less than 9.5 percent of an employee’s household income. Because employers are often unaware of an employee’s household income, there are three safe harbors that an employer can use to determine affordability. One is the … Continued

Two PPACA Taxes Might Get the Ax | Pennsylvania Benefit Broker

By Jennifer Kupper, In-house Counsel for iaCONSULTING, a UBA Partner Firm Health Insurance Providers Fee Section 9010 of the Patient Protection and Affordable Care Act (PPACA) imposes a fee on each covered entity engaged in the business of providing health insurance for United States health risks. This is known as the Health Insurance Providers (HIP) … Continued

PPACA’s Impact on How CDHPs and HSAs Work Together | Pennsylvania Employee Benefits

By Bill Olson, Chief Marketing Officer at United Benefit Advisors Employer health savings account (HSA) funding strategies have changed in recent years in response to the Patient Protection and Affordable Care Act (PPACA) and its impact on employer-sponsored health insurance plans. Employers are contributing less, on average, to HSAs and the increase in popularity of … Continued

Independent Contractor vs Employee | PA Benefits Broker

By K. Michael Ward The Wilson Agency A UBA Partner Firm As a business professional who is trying to classify a worker, it is important to remain compliant with the IRS regulations that determine whether an individual providing services to your organization should be classified as an independent contractor or an employee. Furthermore, the “employer … Continued

PPACA Update

Keeping you informed on PPACA compliance including the recent plan renewal extension, and top health insurance options for employers.

 

Megro Benefits Company

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Conshohocken, PA 19428
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