Author Archives: Dean Spina

Better Safe than a Million Dollars Sorry


Picture this: you are leaving your medical office after a long day of work.  You take your laptop with you so that you can finish some remaining tasks at home.  On the way, you stop off at the grocery to pick up a few items.  You lock your car.  When you return, you discover that Continue reading

IRS Releases Employer ACA Reporting Final Forms


The Affordable Care Act (ACA) imposes reporting requirements under Internal Revenue Code Section 6056 for “Applicable Large Employers” (an “ALE”). An ALE is an employer or aggregate group with fifty or more full time and full time equivalent employees. Under the reporting rules, these ALE employers must provide information to the IRS about the health Continue reading

Play or Pay & Minimum Essential Coverage Reporting Rules Released


On March 5, 2014, the IRS released final rules implementing Section 6056 of the Internal Revenue Code. Section 6056 was added by the Affordable Care Act. Section 6056 requires employers subject to the Play or Pay mandate (also known as Employer Shared Responsibility) to report to the IRS certain information to enable the IRS to Continue reading

Obama Administration Announces Latest Delay To Employer Mandate


The Obama Administration partially delayed, for a second time, the Affordable Care Act’s employer mandate. The Obama Administration said on Monday February 10, 2014, that businesses with between 50 and 99 employees will get “an extra year to comply” with the ACA’s requirement to offer coverage to full-time workers and dependents.  Businesses with over 100 Continue reading

Iowa Business Property Tax Credit Deadline Approaching – Updated


The Iowa Business Property Tax Credit deadline is fast approaching. Business owners should complete their applications as soon as possible, to ensure they are received in hand by January 15th, 2014. All applications received after the deadline, regardless of their postmark, will not receive the first year of the tax credit. Iowa Business Property Tax Continue reading

Department of Labor Busts Exchange Notice Myth


From the U.S. Department of Labor posted the following Affordable Care Act “Myth Buster” in its September 12, 2013 newsletter (found here): Myth: Employers who don’t notify employees about the Affordable Care Act’s new marketplace will be fined $100 per day. Not true: Companies covered by the Fair Labor Standards Act should provide written notice Continue reading

Most Employers Required To Give Health Insurance Exchange Notice to All Employees


On October 1, 2013, a Health Insurance Exchange (“Exchange”) is to be operational in each state. The Exchange is where individuals and small employers may obtain health insurance from participating insurers. The Affordable Care Act added Section 18B to the Fair Labor Standards Act. Section 18B, 29 USC § 218b, provides that Employers subject to Continue reading

Nondiscrimination in Health Programs and Activities


Section 1557 of the Patient Protection and Affordable Care Act (the health care reform law) prohibits discrimination on the basis of race, color, national origin, sex, age and disability with respect to certain “health programs or activities.” The prohibition extends to exclusion of participation, denial of benefits and being subjected to discrimination under any “health Continue reading

Employer Shared Responsibility Delayed for One Year


The Patient Protection and Affordable Care Act, enacted in 2010, provided that commencing with plan years starting in 2014, employers with an average, in a year, of 50 or more full-time (“FT”) and full-time equivalent (“FTE”) employees may be required to pay a tax of either $2,000 or $3,000. The taxes are triggered if at Continue reading

Employers and Health Care Reform


Adding benefits for employees enabled employers to provide additional compensation at a time of government wage freezes in the 1940’s. For larger employers, what began as an employee benefit will soon become a health care mandate or an additional tax burden when several federal laws go into effect on January 1, 2014. Health care “reform” Continue reading