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January 1st, 2015 marks the day that the Affordable Care Act becomes mandatory for employers with 100 full-time plus employees to offer affordable healthcare insurance. Smaller employers (50 – 99 employees) have an additional year to gain compliance. Many business owners and managers worry about the cost of the additional ACA burden to their budgets,… Read more »

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Beginning in 2015 employers will need to report to the IRS to ensure ACA compliance. Forms 1094-C and 1095-C will be used by employers with 50 or more full-time employees or full-time equivalents to determine whether they are liable for penalties under the employer shared responsibility requirements of the ACA. These forms will also be used to determine whether employees have… Read more »

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As 2014’s calendar year end is in sight, companies are preparing budgets for 2015. The year that the Affordable Care Act’s (ACA) Employer Mandate begins for companies who have an employee count of 100+. Companies are unsure how much to budget toward fines and penalties associated with the ACA. Some companies are looking toward enrolling… Read more »

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The Affordable Care Act (Obamacare, ACA) has no doubt sparked heated debate throughout the country.  Progressives have claimed the ACA is working due to modest projected premium increases on the Exchanges for 2015. Conservatives have countered that health care costs are escalating due to the ACA. However, the political arguments being had are over health… Read more »

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As a follow-up to our blog article two weeks ago regarding an Affordable Care Act (ACA) 2014 to do list, this article focuses on saving your company time and money by avoiding hefty penalties and fees directly related to the ACA. Under the ACA, insurers are unable to impose annual dollar amount limits on benefits… Read more »

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With the employer mandate quickly approaching in January of 2015, here is a list of suggestions to prepare for the Affordable Care Act (ACA).  Research your insurance options by discussing with qualified insurance brokers, agents and consultants. Estimate how many employees are enrolled in Medicaid. Estimate how many employees will be eligible for the ACA… Read more »

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July, 2014 /PRNewswire/ — Newtek Business Services, Inc. NASDAQ: NEWT, The Small Business Authority®, with a portfolio of over 100,000 business accounts, announced the findings of its SB Authority Market Sentiment Survey, a monthly window into the concerns of independent business owners. Based on a poll of over 1,500 respondents, the key finding from the… Read more »

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Recently, there has been a thought process on the Affordable Care Act (ACA) that large employers (50+ full-time employees) would be able to shift health coverage costs to the government by sending their employees to a health insurance exchange by paying a tax-free contribution to help pay for premiums. However, in a recent change in… Read more »

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Article supplied by the Galen Institute, A not-for-profit health and tax policy research organization, written by Tyler Hartsfield and Grace-Marie Turner By the count at Galen Institute, more than 41 significant changes already have been made to ObamaCare: at least 23 that the Obama Administration has made unilaterally, 16 that Congress has passed and the… Read more »

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The Affordable Care Act is the most sweeping health care legislation in decades. Starting Jan. 1, 2015, companies with 100 or more full-time or full-time equivalent employees must comply with the employer provisions of the law. Essential Personnel is committed to ACA compliance—both in letter and in spirit. We are also committed to using our… Read more »