RAS Law, P.C. Legal Blog
GROUP HEALTH PREMIUM SURCHARGES ON UNVACCINATED EMPLOYEES
By executive order (EO) earlier this month the President directed the Department of Labor’s Occupational Safety and Health Administration (OSHA) to develop a rule that will require all employers with 100 or more employees to ensure their workforce is fully vaccinated...
2022 ACA AFFORDABILITY PERCENTAGE DECREASES TO 9.61%; DOWN FROM 9.83% IN 2021
Last week the IRS released the ACA affordability percentage threshold for medical plan years beginning in 2022 (IRS Revenue Procedure 2021-36); resulting in a decrease to 9.61% for 2022, down from the 2021 threshold percentage of 9.83%. This decrease in the 2022...
FORMS 1094-C AND 1095-C: SMALL ALEs SHOULD PREPARE FOR MANDATORY ELECTRONIC FILING AS EARLY AS MARCH 31, 2022
If you are an applicable large employer (ALE) under the ACA and have historically filed annual Forms 1095-C (along with the Form 1094-C Transmittal form) with the IRS in paper format, then your world could change very soon. If recently proposed IRS regulations are...
LEGISLATION ENACTED REQUIRING EMPLOYERS TO PROVIDE EMERGENCY PAID SICK TIME IN MASSACHUSETTS FOR COVID-19 RELATED ABSENCES
Last week H.3702 -- an Act Providing for Massachusetts COVID-19 Emergency Paid Sick Leave (the Act) – was passed by the MA Legislature and signed by Governor Baker. Effective Friday, May 28, 2021 and until the earlier of September 30, 2021, or the exhaustion of $75...
Employer Documentation Required to Claim the FFCRA Tax Credit
Employers intending to claim a tax credit for payment of FFCRA leave should retain appropriate records to support a claim for the tax credit. The employer should keep all records of employment taxes for at least 4 years after the date the tax becomes due or is paid,...
Employee Documentation Required to Substantiate FFCRA Leave Request
An Employee is required to provide the Employer documentation containing the following information prior to taking Emergency Paid Sick Leave or Expanded Family and Medical Leave under the FFCRA: The basics – Employee name, dates of requested leave, statement of...
POSTER, POSTER on the Wall
Beginning April 1, 2020, every Employer covered by FFCRA’s paid leave provisions is required to post and keep posted on its premises, in conspicuous places where notices to employees are customarily posted, a Notice explaining the FFCRA’s paid leave provisions and...
2020 ACA Affordability Contribution Percentage Released
Under the ACA, coverage offered to FT employees must be affordable by ACA standards or a penalty applies with respect to any employee in a public Exchange with a tax credit (the 4980H(b) penalty). The ACA permits employers to determine affordability based on certain...
MA EMAC Supplement Will End as Planned and Will Not be Renewed
The MA PFML currently dominates the compliance space for many employers, but the EMAC Supplement is still in effect for another four months. There is good news on the horizon, however. Last month the Massachusetts Legislature passed a $43.1 billion budget for the...
Will the Cadillac Tax Finally Be Repealed?
The ACA’s excise tax on high cost health pans – known as the Cadillac Plan tax – imposes a 40% surcharge on the value of health plan benefits exceeding a statutory dollar threshold (in 2010 dollars) (subject to various adjustments and indexing over time). The tax has...