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
2014 Missouri Legislative Summary
The Missouri Legislature passed 211 pieces of legislation in the 2014 session. Six of those were joint resolutions, which will appear on the August or November ballot. Twenty-one were concurrent resolutions, which express the will of the Legislature but do not change...
Do Not Not Notice Notice Provisions in Commercial Leases, According to Recent Decision Finding Such to Be a No-No
In the case of Commercial Resource Group, LLC v. The J.M. Smucker Company, the U.S. Court of Appeals for the Eighth Circuit was faced with the sticky situation of determining whether The J.M. Smucker Company ("Smucker") should be required to pay rent for an additional...
Trust, But Verify: Liabilities of Nonprofit Board of Directors in Missouri
Unpaid directors, officers and volunteers of a Missouri nonprofit corporation enjoy immunity from certain acts other than those that are intentional or reckless. However, that immunity works only with regard to tort liability, not statutory liability that is imposed...
Legal Cards Stacked Against Trustee Involved in Self-Dealing: Jury Awards Nearly $1 Million in Damages
The Missouri Court of Appeals has upheld a jury verdict of $850,000 against a former co-trustee after a trust which he co-managed was depleted of over a million dollars without such monies going to the beneficiaries. The appeals court found sufficient evidence that...
