Thursday, May 28, 2015

Home News Administration releases new health care regulations

Administration releases new health care regulations

Industry News

The comprehensive "proposed rule" guidance is intended to give employers sufficient time to comply with the law.

| January 8, 2013

From SAF: On Friday, Dec. 28, 2012, the U.S. Treasury Department and the Internal Revenue Service announced long-awaited regulations for implementing the Patient Protection and Affordable Care Act (PPACA). Though not yet final, the comprehensive “proposed rule” guidance is intended to give employers sufficient time to comply with the law and to mitigate potential tax liabilities for non-compliance.

The proposed announcement clarifies definitions from the statute and also covers rules for:
•    Determining status as a large employer
•    Determining full-time employees
•    How tax penalties will be assessed for not offering coverage to full-time employees and their dependents
•    How tax penalties will be assessed for offering coverage that does not meet standards for affordability and          minimum value
•    The administration and assessment of excise taxes

Several key points are contained in the proposed rules. First, large employers that maintain a non-calendar year plan will be provided some transition relief so that they are not required to make mid-year changes to meet the law’s coverage requirements on Jan. 1, 2014. The new regulation also provides relief to large employers that opt to apply a look-back measurement period to determine who is a full-time employee. Additionally, small employers will be given transition relief for determining large employer status this year in advance of the January 2014 deadline.

Click here to continue reading.

Top news

A conversation with the Top 100

Leaders from the Top 100 discuss the biggest challenges facing their companies and how they’re solving them. Turns out, their solutions work for landscapers of any size.

The great fertilizer debate

Consider these factors when choosing between granular and liquid products to achieve that lush lawn your customers desire.

No-shows to show-offs

After a miserable few years, David Alexander talks with Lawn & Landscape about what he and his team had to do to improve the operations and company morale at TruGreen.

Exmark unveils Vantage S-Series Propane rider

New Kohler EFI propane powerplant can reduce fuel expenditures by up to 40 percent.

Green industry pioneer Matt Shooner passes away

The founder of Focal Point Communications sought to grow the industry.