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How COBRA Intersects with Medicare and Retiree Health Plans

HR Daily Advisor

Today, we’re going to look at Medicare entitlement in the context of retiree health plans—as well as what happens to participants in your retiree plan if you decide to eliminate this coverage. Myers notes, employers are required to offer COBRA coverage only when a qualified beneficiary loses coverage upon certain specified events.

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Senate Issues Revised Version of ACA Repeal-and-Replace Bill

HR Daily Advisor

The revised version of the bill includes a “consumer freedom” amendment to the ACA that would allow consumers to purchase lower-premium catastrophic plans with stripped-down coverage; the current law requires all plans to provide certain minimum essential health benefits. Before joining CER in 2005, Ms. 9% payroll tax.

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An Introduction to Cafeteria Plans: Permitted Tax-Exempt and Taxable Benefits

HR Daily Advisor

By definition, cafeteria plans allow employees to choose between cash and a variety of employer-provided benefits without having to include the value of their chosen benefits as taxable income. Cafeteria plans are popular because they allow employees to design individualized benefits programs that suit their own special needs.

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U.S. Supreme Court: ‘Church Plan’ Need Not Be Established by a Church to Qualify for ERISA Exemption

HR Daily Advisor

The Employee Retirement Income Security Act of 1974 (ERISA) generally requires private employers offering pension plans to adhere to a lengthy list of rules designed to ensure plan solvency and protect plan participants. Church plans, however, are exempt from those requirements. Supreme Court’s Ruling.

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CBO: $194 Billion Deficit Increase If Key ACA Subsidies End In 2017

HR Daily Advisor

The Affordable Care Act (ACA) requires insurers to offer plans with reduced deductibles, copayments, and other means of cost sharing to certain people, depending on their income, who pur­chase plans through the ACA marketplaces. The number of people uninsured would be slightly higher in 2018 but slightly lower starting in 2020.”.

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ACA Repeal Could Lead to 32 Million More Uninsured Americans by 2026, CBO Reports

HR Daily Advisor

3762, the Restoring Americans’ Healthcare Freedom Reconciliation Act of 2015, which would repeal portions of the Affordable Care Act (ACA)—eliminating, in two steps, the law’s mandate penalties and subsidies but leaving the ACA’s insurance market reforms in place. At that time, CBO and JCT offered a partial assessment of how H.R.

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401(k) 101: A Benefit for Employers and Employees Alike

HR Daily Advisor

Since 401(k) retirement savings plans first appeared in the early 1980s, they have grown rapidly. In this article, we’ll look at some of the key benefits 401(k)s provide to both employees and employers, as well as some important practical considerations. Today, they are one of the most popular and widespread employee benefits.