| Healthcare Bill Part III; Obamacare | |
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| Tweet Topic Started: Mar 3 2014, 02:20 PM (48,665 Views) | |
| LTC8K6 | May 27 2014, 08:40 AM Post #601 |
Assistant to The Devil Himself
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Yeah, I quoted the wrong part. Anyway, being a small company exempts us from ACA rules, but what about IRS rulings? |
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| kbp | May 27 2014, 08:53 AM Post #602 |
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The exemption is not the issue at hand as I understand it. That exemption applies to which employers must sponsor health care coverage. All individuals are still subject to the penalty for not being insured. The issue here is what revenue is to be declared taxable income. It's looking like they're going to tax the funds used to reimburse employees for coverage the employers did not pay for directly to the insurance company. |
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| kbp | May 27 2014, 09:05 AM Post #603 |
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http://ap-gfkpoll.com/main/wp-content/uploads/2014/05/GfK-May-2014-Poll-Topline-Final_HEALTH-CARE.pdf The "Total Support" for Obamacare is at 28% (percentage wise, it had been in the 40's 2010, upper 30's 2011, lower 30's 2012 and steady upper 20's since late 2013) |
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| Baldo | May 27 2014, 10:56 AM Post #604 |
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Clearly the IRS recent decision not allowing companies dropping medical coverage and letting them over to the exchange with an employer penalty was done for political purposes. Why is the hell is that the providence of the IRS anyway? Again Obama bypasses the law. We know the Dems are is serious troubles and if employers let employees go to the exchanges it will fail miserably at the start. They still haven't finished that dam Health.gov program. There are 161 days until Election Day So its stall, delay, obfuscate, and hope they can keep the Senate. Don't let Obama-care create a massive failure with business coverage before the election. Who knows what treachery this Administration has in store for an October surprise. Meanwhile they cause racial unrest to get out the vote. Edited by Baldo, May 27 2014, 10:57 AM.
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| kbp | May 27 2014, 12:13 PM Post #605 |
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Worth the read as to how the courts SHOULD limit what agencies of the government may do in their efforts to re-write laws for Congress to achieve the agency goals... damn the People! I'm thinking about how the IRS re-wrote the law to allow the federal exchange to provide subsidies and tax the state's residents ...identified as "promulgate" throughout this ruling. |
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| Baldo | May 27 2014, 09:16 PM Post #606 |
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Obamacare To Fine Companies That Give Workers Money To Buy Their Own Health Insurance Plans The Internal Revenue Service (IRS) plans to fine companies $36,500 per employee per year if the companies give their workers money to help them buy health insurance plans rather than directly providing health insurance coverage for the workers. “Under IRS Notice 2013-54, such arrangements are described as employer payment plans,” according to a Q+A posted to the IRS website. “An employer payment plan, as the term is used in this notice, generally does not include an arrangement under which an employee may have an after-tax amount applied toward health coverage or take that amount in cash compensation.” Note the terminology: “after-tax amount.” The IRS doesn’t like after-tax amounts being applied to things. “Notice 2013-54 clarifies that such arrangements cannot be integrated with individual policies to satisfy the market reforms. Consequently, such an arrangement fails to satisfy the market reforms,” according to the IRS. Obamacare’s employer mandate penalty, a $100 per day excise tax that comes out to $36,500 per employee per year, applies to companies that do not provide health coverage for their workers. Companies that give money to workers to buy their own plans, we now know, also count as Obamacare delinquents. So if you’re an employer with more than 50 employees, make sure not to give your workers any money to help them buy private insurance plans that might be cheaper than Obamacare plans. You’ll be fined if you do. http://dailycaller.com/2014/05/27/obamacare-to-fine-companies-that-give-workers-money-to-buy-their-own-health-insurance-plans/ |
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| kbp | May 28 2014, 07:48 AM Post #607 |
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It's difficult to understand. They write some "notice" that overrides existing rules (or rulings) without providing new rulings (rules we can't keep track of anyway!). It resembles a new law that makes old laws only partially valid now... to me anyway. But then, I was stumped on how they come up with a magic number of employees (50, 100?) to determine who a law applied to. Somehow, long ago... the rights we thought we had to property and assembly, and the exchange of property during assembly, bumped into the fact it was a privilege regulated by the government (everything is judged to be interstate commerce I guess). Now that we've all grown more accustomed to that nearly unlimited authority, they're classifying assembly and regulating (or requiring) how select groups may or may not exchange property. Edited by kbp, May 28 2014, 07:49 AM.
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| chatham | May 28 2014, 08:12 AM Post #608 |
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kbp - you need to hire an health care staff to help you. |
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| kbp | May 28 2014, 08:29 AM Post #609 |
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The main reason for this HRA thingy here is to prevent employers from dumping their least healthy employees on the Obamacare exchange pools, for it would put it under within 12 months if that happened. That means there are government funds available to help companies with less than 50 employees, I guess! The "notice" title: Application of Market Reform and other Provisions of the Affordable Care Act to HRAs, Health FSAs, and Certain other Employer Healthcare Arrangements They identify the HRA as an acceptable Employer Healthcare Arrangement they will not accept from a select group, by way of an IRS Notice! Since they cite as fact the HRA's "generally" are not included in employer plans (which evidently means they're excepted less than 50% by private industry), it's an approved method to just give "Notice" the IRS will not accept them by stating they just won't be "integrated" with the new law for some of the people (the rights of people applies to companies also). You have to both laugh and cry at how they rewrite the laws to manage trillions of taxpayer dollars spent each year. Edited by kbp, May 28 2014, 08:30 AM.
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| kbp | May 28 2014, 08:30 AM Post #610 |
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Yeah, this HRA thingy is stuck in my mind! |
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| Baldo | May 28 2014, 08:51 AM Post #611 |
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Typically Governmental Bureaucratic Solution for a problem they created. What will happen in the end? Hopefully the voters will awake and realize they fell for another worker's paradise dream from the Chicago Thugs. Marxists always bring scarcities while their private stores are well stocked for the privileged party members. Notice how the economy is going great guns after 5 1/2 years of Obama & the Dems? Ya, I missed it too. I will tell you a scary thought. Recoveries from recession usually last 5-6 years. If we were to go by historical patterns we are due for another recession. So much for Obama, "...the smartest president ever...!" |
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| kbp | May 28 2014, 08:59 AM Post #612 |
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This will be a true headache for open-shop companies that MUST pay a set healthcare benefit amount in contracts subject to the Davis-Bacon Act, especially after you toss in how to define the employee head count for seasonal workers! |
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| kbp | May 28 2014, 11:16 AM Post #613 |
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Good audio Podcast on HRA issue: http://www.cato.org/multimedia/daily-podcast/obamacare-rules-push-more-employers-drop-coverage?utm_source=twitterfeed&utm_medium=twitter (8 minutes) |
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| Mason | May 28 2014, 09:31 PM Post #614 |
Parts unknown
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This was passed in early 2009! He's making it up as he goes along... . http://capsules.kaiserhealthnews.org/index.php/2014/05/can-employers-dump-workers-to-health-exchange-yes-for-a-price/ . |
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| kbp | May 28 2014, 11:41 PM Post #615 |
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It's his living law! |
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