Survey Shows 10% of Employers Anticipate Dropping Health Care Benefits
Tweet According to an article on the Los Angeles Times website, a new survey shows 10% of employers anticipate dropping health care benefits for their employees. The survey, by consulting firm Deloitte, found 81% of employers plan to continue offering health benefits and another 10% weren’t sure what they would do. According to the article, […]
Congressional Budget Office Releases New Estimates for Cost of Affordable Care Act
On Tuesday, the Congressional Budget Office (CBO) released new estimates regarding the cost of the Affordable Care Act’s insurance coverage provisions, which takes into account the Supreme Court decision issued on June 28, 2012. The CBO estimates that Medicaid will cost $1,168 billion from 2012-2022, rather than the previously estimated $1,252 billion. They believe fewer […]
You May Keep Your Dependent On Your Insurance for 26 Years
Tweet Because of changes enacted by the Affordable Health Care Act, health care coverage for an employee’s children, through age 26, is generally tax-free. Employees who are eligible to contribute to cafeteria plans are allowed to make pre-tax contributions to pay for this expanded benefit. The IRS considers a child to be one’s son, daughter, […]
Health Insurance Premium Credit Highlights
Tweet The IRS issued final regulations on the health insurance premium credit scheduled to go into effect in 2014. Here are a few highlights: This coming June, the Supreme Court will rule on the constitutionality of the Affordable Health Care Act, and may throw the whole thing out. The credit is designed to make health […]