There are two types of Health Insurance Exchanges

Robbie MossHealth Care, Payroll Services

  Health Insurance Exchanges Reach One Month Anniversary – Open enrollment for the Health Insurance Marketplaces (also known as Health Insurance Exchanges) commenced on 10/1/2013 in preparation for the January 1, 2014 mandate for individuals to be covered by health insurance. The Health Insurance Exchanges are divided into two main sections: the Marketplace (for Individual Coverage) and the SHOP (for … Read More

The “PCORI” Fee May Take Some Employers By Surprise.

Robbie MossCompliance / Regulations

Under the Affordable Care Act, some employers are set to face a July 31 deadline to pay a new fee. The fee, known as the PCORI (Patient-Centered Outcomes Research Institute) fee must be paid by employers who sponsor self-insured health plans, including health reimbursement arrangements and flexible spending arrangements. Although the fee doesn’t amount to very much financially, it will add compliance and … Read More

Notice of Exchanges and Subsidies Deadline

Robbie MossHealth Care, Payroll Services

The Notice of Exchanges and Subsidies Deadline was due- By October 1, 2013, virtually all US employers (regardless of size or whether the employer offers a health plan) are required to distribute a Notice of Exchanges and Subsidies to each employee (regardless of part-time, temporary, full-time or health plan enrollment status). Additionally, beginning on October 1, 2013, this notice must … Read More

Obama administration delays major requirement of health law

Robbie MossHealth Care

Recently, a key part of the ACA was postponed. Find out what that means for you as a business owner.

Are you looking for a local payroll service company

Robbie MossPayroll Services

Additional Medicare Tax: An additional Medicare tax will impact employers and payroll service providers. The Patient Protection and Affordable Care Act (PPACA) increases the Medicare tax rate on wages by 0.9% (from the current rate of 1.45% to 2.35%) for higher-income individuals starting in 2013. This Medicare payroll tax increase applies to wages over $200,000 for single tax filers and … Read More