Archive for the ‘Health Reform’ Category

Gov Signs AB 36: CA No Longer Requires State Imputed Income for Adult Kids

April 8th, 2011

On April 7th, 2011, Governor Brown signed AB 36 which provides both administrative and tax relief to California employers and their employees. California now adopts the federal rules regarding the tax treatment of adult dependents electing group health care coverage pursuant to the Patient Protection and Affordable Care Act (PPACA) and related laws (HCR). The…

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Update on Taxation of Benefits for Adult Dependents

March 4th, 2011

This Alliant Compliant Alert gives the latest information about how adding coverage for adult dependents impacts employees under California Tax law. Legislation has been introduced in the California Legislature – AB 36 – that would conform the California tax code to Federal law.  The law would eliminate the existing California tax impact of adding adult…

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New W-2 Reporting Requirement Delayed!

October 14th, 2010

Under the health care reform law, the Patient Protection and Affordable Care Act, as amended, employers must report the aggregate cost of certain employer-sponsored health coverage on Form W-2. The rule was originally scheduled to take effect for 2011 (i.e. for W-2s that would generally be distributed in January 2012). However, on October 12, 2010,…

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W-2 Changes Required by Health Care Reform

September 27th, 2010

Health Care Reform has instituted new Form W-2 reporting requirements for employers to disclose the “aggregate cost” of all “applicable employer-sponsored coverage.” Employers should report this information for the 2011 tax year on the employee’s Form W-2, typically issued in January 2012. The Internal Revenue Service will be issuing a revised Form W-2 and instructions…

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Preventive Care and Health Care Reform

September 27th, 2010

One of the most attractive aspects of health care reform is the emphasis on preventive care. Plans that are not grandfathered must offer an extensive list of preventive care benefits with no cost-sharing for in-network providers. All HMO and some PPO plans already offer some preventive care, although some cost-sharing (co-payment or co-insurance) is often required.…

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Health Reform Update: OTC Medications and FSA’s

September 27th, 2010

On September 3, 2010, the Internal Revenue Service (“IRS”) issued Notice 2010-59, which provides additional guidance on the restrictions for reimbursement of over-the-counter (“OTC”) medicines and drugs, as required by health care reform.  The restrictions, which apply to expenses incurred after December 31, 2010, require that certain employer-provided Flexible Spending Accounts (FSA’s) and other plans…

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PPACA: 2011 Open Enrollment Guidance

July 13th, 2010

Here is recent information published by Alliant discussing the various provisions of the Patient Protection and Affordable Care Act (PPACA). These materials were provided to participants in an Alliant-sponsored webinar held on June 29. PPACA 2010-2011 Requirements Health Care Reform Checklist 061510 Interim Final Regulations on Grandfathered Plan Status 062410 Additional Interim Final Regulations for…

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Grandfathered Plan Status Regulations Published

June 18th, 2010

On June 17, 2010, interim final regulations relating to “grandfathered” health plans were published. Some of the provisions in the health care reform law (known as “PPACA”) do not apply to a grandfathered health plan.  For example, a grandfathered health plan does not currently have to cover an older child (up to age 26) if…

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ERRP Webinar FAQ Available

June 18th, 2010

Here is the list of Frequently Asked Questions (FAQ) from the Webinar on the ERRP held on June 8th. Additional information about the ERRP application process will soon be made available. We are still waiting for HHS to confirm the address for filing the application and to finalize the application itself.

Attend a Webinar on the Early Retiree Reimbursement Program (ERRP)

June 4th, 2010

Alliant is hosting a Webinar to discuss the ERRP on June 8 at 10 AM. Our legal counsel will report on the latest developments concerning this Program. Follow the link below for an invitation. http://events.alliantinsurance.com/events/event-40.htm Congress appropriated funding of $5 billion for the temporary Program to provides reimbursement to participating employment-based plans for a portion…

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