Affordable Care Act
The Patient Protection and Affordable Care Act, also known as the Affordable Care Act (ACA), or colloquially as “Obamacare,” was signed into law in March of 2010 with the goal of increasing the quality and affordability of health insurance for millions of Americans.
While the Act’s employer shared responsibility payments will not apply until 2015, and in some cases, not until 2016, there are provisions and safe harbors to consider and decisions that can be made now that may help businesses, employees and a business’s bottom line. Further, there are many unintended consequences arising out of the ACA that business owners, both large and small, need to consider when administering health care arrangements.
We are carefully following the developments associated with the roll-out of ACA and are providing counsel to business owners and other professionals, helping them to address compliance issues, evaluate exposure to penalties and other tax issues as well as planning strategically for the future.
Affordable Care Act Articles
Politically Speaking: Condominium and HOA Restrictions on Political Signage
As the nation inches closer to the 2016 presidential election, differences of opinion emerge in the form of political signs scattered across neighborhood lawns all over America. Occasionally, these signs lead to differences of opinions between community associations...
Liability of Successor-in-Interest for Assessments
The Missouri Court of Appeals recently addressed a condominium declaration's provision that purportedly obligated a successor-in-interest to a unit to remain liable for the prior owner’s unpaid condominium assessments. In that case, the condominium association...
New Overtime Rule Doubles Minimum Salary for Exemption; Takes Effect Dec. 1, 2016
The most significant change in years to the Fair Labor Standards Act will require that an employee paid $913 a week (or $47,476 per year) or more be exempt from overtime pay. Currently, employers are exempt from paying overtime for employees who make more than $455...
Powers and Responsibility: How a Condominium Association Created a Potential Liability
In 2013, a resident at Homefield Gardens Condominium Association was attacked by another resident’s pit bull. She brought suit against her Condominium Association alleging negligence, among other theories of recovery. Her allegations included that the Condominium...
