Obamacare’s big stick doesn’t seem to be scaring many people into buying health insurance. The health law includes many inducements for people to obtain health insurance — including free Medicaid coverage for many low-income Americans and subsidies for those with moderate incomes. But it also includes the notorious “individual mandate,” a fine for those who […]
The Occupational Safety and Health Administration (OSHA) has released a new version of its “Job Safety and Health – It’s The Law!” poster. Background Under the Occupational Safety and Health Act (OSH Act), employers have certain responsibilities, including the obligation to: Provide their employees with a safe workplace; Follow all relevant safety and health standards; […]
The Internal Revenue Service (IRS) has announced the 2016 inflation-adjusted amounts for Health Savings Accounts (HSAs) as determined under the Internal Revenue Code. Annual Contribution Limitation For calendar year 2016, the annual limitation on deductions for an individual with self-only coverage under a high deductible health plan is $3,350. The annual limitation on HSA deductions […]
Fact Sheet Includes Examples and Additional Resources A fact sheet from the IRS helps employers determine, based on their size, whether the ACA’s employer shared responsibility (“pay or play”) and information reporting provisions apply to their company. The fact sheet includes basic information on determining large employer status, along with information on: Determining the number […]
Like the rest of the country, New York is moving—somewhat begrudgingly—toward a future in which hospitals and doctors are paid to keep patients healthy rather than be reimbursed based on the volume of procedures they perform on sick patients. Most providers and health plans agree that this shift from fee-for-service reimbursement to a model based […]
Health insurance companies will descend on the state capital today for two days of lobbying—and might need both of them to explain the bill at the top of their agenda. The measure would allow businesses with 51 to 100 employees to continue purchasing stop-loss insurance next year. It’s sure to trigger a lot of quizzical […]