(VIDEO) Health Insurance Explained
This five-minute cartoon video that explains health insurance using fun, easy-to-understand scenarios.
Affordable Care Act (ACA)
IRS Releases Individual Mandate Penalty Cap for 2015
In 2014, the Affordable Care Act (ACA) began the Individual Mandate in which all individuals are required to obtain minimum essential health insurance coverage for themselves and their family members or pay a penalty. The penalty amount is calculated and paid when an individual files his or her federal income tax return for the year.
IRS Increases FSA Contribution Maximum and Other Benefit Limits
The IRS announced in Revenue Procedure 2014-61 issued October 30, 2014, the inflation-adjusted contribution limit for health flexible spending accounts (FSAs) will go up by $50 for the 2015 tax year. The maximum contribution employees will be able to make to their health flexible spending accounts will increase $50 to $2,550 in 2015. That $50
DOL Audit Warning Signs & Compliance with ACA
The Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) has the authority to conduct audits on benefit plans that are governed by the Employee Retirement Income Security Act (ERISA). The DOL’s Employee Benefits Security Administration (EBSA) protects the integrity of pensions, health plans, and other employee benefits for more than 150 million people. Common triggers
(VIDEO) The YouToons Get Ready for Obamacare
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