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Senator Max Baucus, one of the key architects of Health Care Reform, stated at a Congressional hearing that he fears a train wreck as the Obama administration implements the Affordable Care Act (ACA). Dont be derailed by Health Care Reform. HR&P offers valuable compliance assistance and customized tools to help employers stay on the tracks. HR&P can assist you with the 2013 changes as well as the mandates and regulations that go into effect in 2014 and thereafter.
Applies to those earning: $200,000 if filing single; $250,000 if married filing jointly, and; $125,000 if married filing separately. Calculate and apply the 0.9% increase in Medicare tax on wages Calculate and apply the 3.8% Medicare tax on unearned income
Applies to employers with 250+ W-2s for the tax year. Track and include the value of group health coverage provided to employees showing the total costs for both employee and employer
Conduct open enrollment meetings to educate employees on tax savings, changes, and increase participation in the plan Hand out material to employees that explain the changes to the annual limit ($2,500), eligible expenses, and answer employee & employer questions Online enrollment with new and existing employees Mobile Application that gives you direct access to your account, text notifications, and debit card 3 in 1 (FSA, HSA, HRA)
mployers with 50+ FTEs and/or equivalents, E must offer affordable, minimum essential coverage or be subject to tax penalties. Calculating the minimum wages that must be paid to avoid offering unaffordable coverage Helping clients establish a measurement period (3-12 months) and keeping track of existing and newly eligible employees Providing reports that reflect where each employee stands (FTE Status, Variable Hour Status, Lookback Period, Stability Period) during this process throughout the year to help avoid tax penalties Notify all newly eligible employees and provide available coverage information
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