Employer Reporting Requirements

Many business owners who own multiple businesses do not realize that they have to look at their total number of employees in all businesses with common ownership as described in IRC 414 to determine if they are “Applicable Large Employers” (those employers with 50 or more full-time and full-time equivalent employees) and thus subject to the Affordable Care Act provision for large employers.  Find out about common ownership and the employer shared responsibility provision by clicking here.

The Impact of Cadillac Tax on Employer Costs and Deductibles

With the upcoming implementation of the “Cadillac Tax” on expensive health plans in 2018, employers are considering their options for softening the potential blow. This includes promoting “consumer directed health plans,” as well as putting more money towards wellness programs, and cost-sharing, which shifts an additional portion of the premium onto employees. Learn more about the Cadillac Tax and its potential impacts in a recent Forbes article.