Dresser & Associates

Affordable Care Act 101: How Will It Affect Your Small Business?

Alter - Care- Act

The Affordable Care Act continues to change and evolve, and small business owners are wondering “how does it affect me?” From the help of three senior managers at Washington Council Ernst & Young, we will discover the answers to the most common questions small business owners are asking.
 
How do I know if I have to offer health insurance?
What indicates whether or not you have to offer health insurance to your employees is the number of …Read More

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Have You Obtained A HPID?

Recently, The Department of Health and Human Services (“HHS”) released guidance on the application process to obtain a Health Plan Identifier (“HPID”). A HPID is an all-numeric, 10-digit identification number requirement for many HIPAA-covered health plans. HPIDs will be used in all HIPAA standard transactions, like the payment of health care claims, claim status checks, health plan eligibility confirmations and premium payments. The …Read More

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Correctly Classifying Employees to Avoid ACA Penalties

Beginning in 2015, applicable large employers that do not offer affordable minimum value health coverage to their full time employees will be subject to the employer shared responsibility penalty under the Internal Revenue Code. This applies to large employers, with 50 or more full-time employees. But what exactly constitutes a full-time employee? It sounds like an obvious thing, but it can get exceedingly murky when you have contract workers. …Read More

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HR Executives Fear Additional Federal Regulations

A recent study by Littler Mendelson showed that although those in charge of human resource management remain concerned about the Affordable Care Act, their biggest fear has now become increased regulations by the federal government.
According to HR Morning, some of these fears might be due to the added regulations this year having to do with the Family and Medical Leave Act (FMLA), along with increased monitoring of employee/contractor …Read More

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ACA-Related Updates HR Departments Need To Know

The Affordable Care Act continues to change and evolve, and HR professionals need to continuously update their knowledge of the ACA for employee benefits management. Here are three of the latest ACA developments that HR departments must understand:
Penalties for Moving Sickest Workers to Exchanges
Many employers have chosen to ask their heaviest healthcare coverage users to go on the health insurance exchanges next year to find coverage. …Read More

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