Affordable Care Act (ACA)

Topics

July 15, 2010

Regulations Issued on Preventive Services

The IRS and the Departments of Labor and Health and Human Services have issued interim final regulations that implement the recent health care reform legislation’s rules requiring insurers to cover various preventive health services.

July 1, 2010

IRS Releases Average Premiums for Determining Small Business Health Care Credit

On May 3, the IRS issued average small group market premiums for use in determining the new small business health care credit under Sec. 45R (Rev. Rul. 2010-13).

June 23, 2010

Health Care Regulations Issued

The IRS and Treasury Department issued proposed regulations further implementing provisions of the recent health care legislation concerning pre-existing conditions, annual benefit limits and coverage rescissions.

June 14, 2010

Regulations Issued on Grandfathered Health Plans

The IRS, the Department of Labor, and the Department of Health and Human Services issued interim final regulations on June 14 regarding grandfathered health plans under the health reform legislation enacted in March

June 1, 2010

IRS Publishes FAQs on Small Business Health Care Credit

On April 1, the IRS published on its website 22 questions and answers about the new small business health care tax credit.

May 17, 2010

IRS Guidance on Small Business Health Care Tax Credit

On May 17, the IRS issued a notice providing guidance to small businesses that are eligible to claim a tax credit for employee health insurance coverage.

May 3, 2010

Average Premiums for Determining Small Business Health Care Credit Released by IRS

The IRS issued average small group market premiums for use in determining the new small business health care credit under Sec. 45R.

May 1, 2010

Health Care Reform Adds New Taxes

The Patient Protection and Affordable Care Act (the Patient Protection Act) and the Health Care and Education Reconciliation Act of 2010 (the Reconciliation Act) add a number of new taxes and make various other revenue-increasing changes to the Code in order to help finance health care reform.

March 1, 2010

Obtaining Tax Benefits with Health Savings Accounts

The Medicare Prescription drug and Modernization Act established health savings accounts (HSAs), which are aimed primarily at self-employed taxpayers, small business owners, and employees of small to medium-sized firms. Eligible individuals can make tax-deductible contributions into HSA accounts. The earnings inside the HSA are free from federal income tax, and funds can be withdrawn tax free to pay health care costs.

November 1, 2008

IRS Provides Guidance on Contributions to HSAs

The Tax Relief and Health Care Act of 2006, P.L. 109-432, made changes to the treatment of contributions to health savings accounts (HSAs) under Sec. 223. The IRS issued two notices explaining those changes.

November 1, 2007

Current Developments in Employee Benefits and Pensions (Part I)

This two-part article provides an overview of current developments in employee benefits, including executive compensation, welfare benefits, and qualified plans. Part I focuses primarily on executive compensation and welfare benefits.