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IRS Affordability Rule Changes for Families: What HR Should Know

BerniePortal

This year is no different, and one change in particular may affect organizations that offer employer-sponsored health plans to employees—and their families. Read on for what changes the new IRS rule will bring and how it could affect HR at your organization.

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Staying ACA Compliant in 2024

PeopleStrategy

Changes are coming to the Affordable Care Act (ACA) in 2024, and HR departments need to take note of them now. With this review and planning, your company will be compliant and adhere not only to the ACA’s pay or play rules going forward, but be able to file correctly and avoid penalties.

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Workforce Management, ACA Compliance and the COVID-19 Pandemic

ACA Times

13 minute read: Compliance with the various employer provisions of the Affordable Care Act (ACA) can be complicated under normal employment conditions. Does this affect the timing of their offers of coverage, including understanding the potential impact of the Rule of Parity. • How does this affect their monthly full-time counts. •

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IRS Proposed Ruling Could Change ACA Affordability

ACA Times

Last month the IRS published a proposed regulation that would amend the existing rule regarding employer-sponsored Minimum Essential Coverage (MEC) for family members of an employee. . How will the proposed rule change ACA affordability? For the 2022 tax year, affordability is set at 9.61%.

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The Delicate Art of Choosing Part-Time vs. Full-Time Workers

Homebase

Internal Revenue Service (IRS) : “For purposes of the employer shared responsibility provisions, a full-time employee is, for a calendar month, an employee employed on average at least 30 hours of service per week, or 130 hours of service per month.” In terms of authority, you may want to listen to the DOL and IRS more than the BLS.

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Compliance Areas for 2024 You Might Not Have Thought Of

PeopleStrategy

Let’s get into these areas that deserve another look before the new year starts: health savings accounts, overtime, retirement, remote employment, and the Affordable Care Act. But because of these potential tax savings, there are strict rules to be followed, including limits on annual contributions and HDHP cost sharing.

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How ACA’s Affordability “Family Glitch” Ruling Will Affect Health Insurance Coverage in 2023

Extensis

However, with the recent Affordable Care Act (ACA) ruling, the hope is to have more people insured in the coming year. These recent changes give brokers the added task of navigating through the latest information as they guide clients in selecting their healthcare plans.