Archive: health insurance

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“Cadillac Tax” Delayed Until 2022

As part of the recently passed bill to keep the federal government funded, three tax provisions related to health care were passed. All of these affected provisions were previously enacted under the Affordable Care Act (ACA). In what has become nothing short of a joke, the 40% excise tax on certain high-end employer-sponsored health plans, […]

How Do You Compare to the Average Doctor Salary?

According to Medscape’s 2017 Physician Compensation survey, the average doctor salary for 2017 is $294,000, a $15,000 increase compared to 2016. This amount, drawn from the responses of 19,270 currently practicing physicians, includes cash compensation and retirement plan benefits, excluding fringe benefits. Medscape’s annual survey looks at the average salaries of doctors with a broad […]

PCORI Fees Due for Many Health Insurance Arrangements by July 31, 2017

Under the Patient Protection and Affordable Care Act (PPACA), certain types of health insurance arrangements are required to pay a special fee. This fee is called the Comparative Effectiveness Research Fee, also referred to as the PCORI fee, and it will be used to help fund the Patient-Centered Outcomes Research Institute. The types of arrangements […]

The ACA Health Insurance Mandate for Individual Taxpayers

Beginning January 1, 2014, as a result of Patient Protection and Affordable Care Act (ACA), most individuals are required to have health insurance coverage. The ACA requires that an applicable individual and any dependent must maintain a “minimum essential coverage” (MEC) for each month during 2014. Most individuals who now have coverage through an employer-sponsored […]

Healthcare Reform Alert: Obama Administration Announces Delay of Employer Mandate Under ACA

The Obama Administration has announced the delay of the employer mandate/pay-or-play provisions under the Patient Protection and Affordable Care Act (ACA) until January 1, 2015. Previously, employers with 50 or more full time equivalent employees were required to offer affordable health insurance to employees working more than thirty hours a week by January 1 or […]

Obama Administration Releases Simplified Health Insurance Application

The Obama Administration recently released a significantly simplified health insurance application. The initial application for single coverage was 21 pages, while the new one is only three pages.  Applications for family coverage have also been significantly reduced.  Many of the overly intrusive health condition questions have been eliminated and the new applications are considerably shorter […]

Pennsylvania Enacts Job Creation Incentive, but Beware of the Clawback

Pennsylvania has enacted a new job creation law allowing qualified companies to retain 95% of the withholding taxes for the individuals employed in the newly created jobs. The Promoting Employment Across Pennsylvania Act (L. 2012, H2626, effective 10/26/2012), which was signed into law by Governor Tom Corbett on October 26, 2012, offers the 95% retention […]

Affordable Care Act (ACA) Guidance Has Finally Begun

On November 20, 2012, Affordable Care Act guidance was issued in the form of over 300 pages of proposed regulations. The guidance is broken into three parts: 1) requirements for essential health benefits, actuarial value, and other exchange related requirements; 2) various market reform initiatives; and 3) regulations related to employee wellness programs. At this […]

Reporting Requirements and Tax Increases Under the Affordable Care Act

Lost in the storm after the Supreme Court’s recent decision on the Affordable Care Act (ACA) is the fact that the Act includes several important provisions that either remain in effect for 2012 or go into effect in 2013 and 2014.  These provisions are outlined below: Ongoing disclosure and reporting requirements, including w-2 reporting of […]

Certain Religious Employers Exempt from Contraception Coverage

There has been a lot of discussion in the media and on the Hill about federal regulations that could require religious organizations to cover the cost of contraceptives under their health care plans.  The IRS has published the final regulations authorizing the exemption of group health plans and group health insurance coverage sponsored by certain […]