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The Department of Treasury and the Internal Revenue Service (IRS) recently issued three notices related to the health care law that address minimum value and information reporting on health insurance coverage. In addition, the Departments of Health and Human Services, Labor and the Treasury issued a separate bulletin regarding verification of access to employer-sponsored coverage.
ABC on March 28 submitted a letter as part of a U.S. House of Representatives subcommittee hearing on the “Individual and Employer Mandates in the Democrats’ Health Care Law,” and offered support for the American Job Protection Act (H.R. 1744), which would repeal the employer mandate.
The Departments of Health and Human Services, Labor and the Treasury recently issued another set of frequently asked questions (FAQs) regarding grandfathered health plans under the Patient Protection and Affordable Care Act (PPACA).
To help members make sure they are in compliance with the new requirements under the Patient Protection and Affordable Care Act (PPACA), or health care law, ABC is offering a 2012 compliance checklist.
For plan years beginning on or after Jan. 1, 2013, the Patient Protection and Affordable Care Act imposes a $2,500 limit on annual salary reduction contributions to health Flexible Spending Accounts (FSAs) offered under cafeteria plans. This is a reduction from the current limit of $5,000.