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
When Stock Certificates Disappear
When operating a corporation, it is important to observe corporate formalities. This will ensure that the corporation protects the individual shareholders from the corporation’s liabilities but it can also protect shareholders from costly mistakes. In the recent case...
Raising Assessments, Conflict Between Declaration and By-Laws, and the Business Judgment Rule
In a decision handed down less than two weeks ago by the Missouri Court of Appeals, the court was confronted with a case involving the proper method for calculating a maximum annual assessment by the subdivision's board of directors absent a vote of the homeowners. In...
Court says “STOP” to former employee due to his non-compete agreement
A Missouri federal court has entered an injunction stopping a former national sales director from taking a position with a competitor company in the pharmacy services industry, finding that the disclosure of confidential information such as customer information and...
Obama FLSA Rules Will Not Take Effect; However Future Changes to Salary-Test Imminent
In the final quarter of last year, many employers began frantic preparations in anticipation of a new DOL Overtime Rule that was to take effect December 1, 2016. This rule was to have raised the overtime salary-test exemption threshold from $23,600 to $46,476, meaning...
