Benefit Allocation Systems, LLC’s Post

Review Offers of Coverage After OE Under the Affordable Care Act (ACA), applicable large employers (ALEs)—those with 50 or more full-time employees, including full-time equivalent employees—are required to offer affordable health coverage that meets the minimum value standard to all their full-time staff. This mandate aims to ensure that employees have access to necessary health benefits, and failing to comply can lead to substantial penalties. Read more here - https://hubs.ly/Q02zV7JT0

As you are wrapping up Q4 and are planning for 2025, think about kicking off Q1 with ACA Reporting thats compliant, automatic and simple. Ask me how to get started today.

To avoid an employer shared responsibility payment, the Patient Protection and Affordable Care Act (ACA) requires large employers to provide affordable health plan coverage to full-time employees and dependents. Employee contributions for minimum value coverage must be below a certain percentage of household income. 2024 saw the largest decrease, potentially impacting premium shares. Want to learn more about the safe harbor methods the Internal Revenue Service offers? Check out our latest Employee Benefits Newsletter: https://lnkd.in/gmKGCfys #KutakRock #HealthCoverage #EmployeeBenefits

A report just out from the National Institute for Public Employee Health Care Policy examines the benefits and adaptability of Medicare Advantage Employer Group Waiver Plans (MA-EGWPs), including “robust coverage and supplemental benefits for seniors, greater payment stability for plan sponsors, and advancements in health equity and social risk factors.”  It’s no wonder they’re an increasingly popular coverage tool, delivering lower costs and better benefits while protecting retirees, employers, and taxpayers alike. #MedicareAdvantage   

In today’s world, employee health cover is increasingly important. With 2.8 million people off work due to sickness (ONS 2024), there’s a real need for workers to be able to access healthcare support when they need it. But with 7.75 million people on NHS waiting lists (NHS 2023), 1 in 6 people in the UK are now turning to private healthcare. That’s why employers are increasingly being looked to, to support the health of their workforce. Find out how our Health Plans can help: https://lnkd.in/erFxqJ4X

Understanding Health Plan Waiting Periods for ACA Compliance For employers navigating the complexities of the Affordable Care Act (ACA), understanding the permissible health plan waiting periods is important. The ACA sets specific guidelines that employers must follow to ensure their health plans comply, particularly when it involves the timing of employee enrollment. Read more here - https://hubs.ly/Q02Ghsh-0

Understanding Health Plan Waiting Periods for ACA Compliance For employers navigating the complexities of the Affordable Care Act (ACA), understanding the permissible health plan waiting periods is important. The ACA sets specific guidelines that employers must follow to ensure their health plans comply, particularly when it involves the timing of employee enrollment. Read more here - https://hubs.ly/Q02GhGh00

Check out the new report by the National Institute for Public Employee Health Care Policy on, "The Value of Medicare Advantage Employer Group Waiver Plans in the Public Sector: An Introduction.” Given that limited information exists on the role of MA-EGWPs within the public sector, the report explores why these plans have become an increasingly popular choice among public sector purchasers. Learn more: https://lnkd.in/eDyZu-cg

The Department of Labor on April 29 issued a final rule rescinding Trump-era regulations that expanded the number and types of employers that could band together to create association health plans to cover their employees. The 2018 regulations, which have been in legal limbo since 2019, also allowed these association health plans avoid many consumer-protection elements of the Affordable Care Act, which critics said would open the door to participating employers offering insufficient coverage. Here's why the DOL decided to put an end to these rules and how the landscape changes. https://lnkd.in/gx5Uzvbs

The Affordable Care Act (ACA) requires applicable large employers (ALEs) to offer affordable, minimum-value health coverage to their full-time employees (and dependents) or risk paying a penalty to the IRS. This employer mandate is also known as the “pay-or-play” rules. An ALE is an employer with at least 50 full-time employees, including full-time equivalent employees, during the preceding calendar year...