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
Missouri and Federal Law Protect against HIV Discrimination
Currently, both Missouri and Federal law forbid discrimination against individuals with HIV. The text of Section 191.665 of the Missouri Revised Statutes states that the Missouri Human Rights Act “shall apply to individuals with HIV infection.” Included in the...
Illinois Wage Payment and Collection Act Requires Payment of Agreed-Upon Bonus to Departing Executive
The Illinois Wage Payment and Collection Act states that when the employment of an employee ends, the employer is required to pay all final compensation, including earned bonus owed pursuant to an employment contract or agreement between the two parties. In the case...
Non-Compete Law Takes Shape After Illinois Supreme Court Decision
In 2011, the Illinois Supreme Court issued an important decision about non-compete provisions in an employment agreement. The Illinois high court politely told the other appellate judges in Illinois that for the last 30 years, their court decisions had veered...
The Impact of the Affordable Care Act – Employer Shared Responsibility Payments and the Small Business Health Insurance Tax Credit
Today, one of the most pressing issues concerning nearly all small business owners as well as their employees is the impact of the federal health care legislation signed into law by President Obama in March 2010, the Patient Protection and Affordable Care Act ("ACA")....
