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
COBRA: Compliance with Employee Benefits Laws; Not the Snake in the Grass Kind
When business owners hear the term "COBRA," most (hopefully) skip past the images of fangs and hissing and think of employee health care benefits, which, come to think of it, have their own type of fangs and hissing. Larger employers usually lean on human resources...
Foreclosure: Debunking the Myths and Clarifying the Truths
At this time of year, many individuals are engrossed in three hotly debated topics. First, who is going to win the Super Bowl, the Green Bay Packers or the Pittsburgh Steelers; second, are the Cardinals going to sign Albert Pujols this off season; and third, what are...
The Great Recession, the Chink in China’s Armor, and American Ingenuity
I don't need to recite statistics regarding what some are calling the "Great Recession." It has touched every one of us, some harder than others, but it certainly has made for a lasting impression. The news just a few days ago, which resulted in a 250 point drop in...
Face-off Over Facebook
"If you guys were the inventors of Facebook, you'd have invented Facebook." — Mark Zuckerberg, from the movie, "The Social Network" "The Social Network" movie is a fictional story of the birth of Facebook, but more specifically about founder Mark Zuckerberg and the...
