Unfortunately, the trend of health costs are rising faster than the rate of inflation and is expected to continue. But why are health care costs rising? Several factors have contributed to climbing health care costs over the past decade, including the following: Expansion of health care provisions New government regulations Increased utilization and consumer demand Read More >>
5 Important Issues to Monitor in 2017
Posted on February 23, 2017
New administrations bring new challenges to the professional realm, and the Trump administration is no exception. Many of the former administration’s health care initiatives are being rolled back or halted. This leaves employers in an uncertain place in regard to compliance regulations and reform laws. This uncertainty comes in addition to the already complicated day-to-day Read More >>
ACA’s Affordability Contribution Percentage Increased for 2017
Posted on October 7, 2016
On April 12, 2016, the Internal Revenue Service (IRS) issued Revenue Procedure 2016-24 to index the contribution percentages in 2017 for purposes of determining the affordability of an employer’s plan under the Affordable Care Act (ACA). For plan years beginning in 2017, employer-sponsored coverage will be considered affordable if the employee’s required contribution for self-only Read More >>