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
The Large Print Giveth; And The Small Print Taketh Away or Contract Legal Damages: What are they?
We've all done it. Signed a contract, whether with the home improvement company, for a new set of tires or service on our automobile, or for a home entertainment center. The contract that we just signed will likely have the "fine print" spelling out all sorts of...
Does Anyone Really Read Those Email and Fax “Disclaimers” and “Notices?”
Earlier this year, we were approached by a client who inquired whether they really needed to put a disclaimer on electronic communications, both facsimile transmissions and emails. Because of attorney-client and other privileges applicable to attorneys, as well as a...
Good Fences Make for Good Neighbors; Bad Fences Make for . . .
Imagine your neighbor erecting an eight foot high tin fence, spray painted with pictures, phrases and other graffiti along the entire length of your property line. Also imagine that this fence has video cameras mounted on top to observe your property and movements....
Non-Matching Social Security Numbers: An Employer’s Guide in Resolving
Regardless of your company’s business classification, all companies are required to report employment compensation, tax withholding and other information on both quarterly and annual bases to the Internal Revenue Service (“IRS”). Sometimes through clerical error, and...
