As the school year starts again, employees are faced with the challenges of balancing work and family obligations. One often stressful family obligation of working parents is the desire to attend a child’s school function during the working day.
Q.- We are preparing for open enrollment. Is an employee still permitted to waive coverage, or do all employees have to take our medical coverage under the Affordable Care Act?
The United States Senate once again failed to pass a bill that would change provisions of the Affordable Care Act. The Graham-Cassidy-Heller-Johnson bill was touted as the last best chance to revise health care reform. The Senate had until September 30, 2017 to pass legislation revision the Affordable Care Act with a simple majority vote, rather than a 2/3 vote. Knowing it didn’t have the votes to pass, Senate leadership postponed a vote on the bill.
Q.- We have a new hire who we think is going to work more than 30 hours per week but we are not certain yet. We use the monthly measurement method. Should we offer the employee health coverage?
The IRS released the threshold for determining affordability of health coverage in 2018.
In the aftermath of two of the strongest hurricanes in history, employers are seeking ways to help those impacted. The IRS has sanctioned programs that allow employees to donate the value of their sick, vacation or other paid time off (PTO) to victims of Hurricanes Harvey and Irma without facing tax consequences.
Q.- Are we required to cover children on our dental plan up to age 26?
An employer that is an Applicable Large Employer (ALE) must comply with the Affordable Care Act (ACA). An employer is an ALE if it had an average of at least 50 full-time employees (including full-time equivalent employees) during the prior year. A full-time employee is an employee who has on average at least 30 hours of service per week during a calendar month. ALEs must provide minimum essential, affordable coverage or be subject to a tax penalty. ALEs must also comply with health care reform reporting requirements.
To determine the number of full-time equivalent employees, the employer combines the number of hours of service of all non-full-time employees for the month (limited to 120 hours of service per employee) and then divides the total hours by 120.
A U.S. District Court in Texas struck down the 2016 overtime rule which would have made many more workers eligible for overtime.
Q.- We are hiring a part time employee and we know he won’t work more than 30 hours per week. Should we still track his hours for ACA purposes?
The IRS released draft instructions for the 2017 Form 1094 and 1095 B and C Forms for reporting under the Affordable Care Act. Form 1095-B/C is required to be furnished to individuals by January 31, 2018. Form 1094-B/C is required to be transmitted to the Internal Revenue Service by February 28, 2018 (if furnishing on paper) and by March 31, 2018 if sending electronically. In prior years, the IRS extended these deadlines.
In 2016, the Equal Employment Opportunity Commission (EEOC) implemented a new reporting requirement for employers with 100 or more employees. These employers were to collect and report on the EEO-1 employee’s W-2 compensation and hours worked. The first pay data reporting was required in March 2018. See our prior article by clicking here.