The IRS recently announced that it is now issuing penalties for employers who have violated the employer mandate for the 2015 tax year. Employers who delegated that responsibility to employees who didn’t understand the complex coding requirements, may now be faced with significant costs.
The future of health care is among the most controversial and important issues facing the country. Repealing and/or replacing the Affordable Care Act, will significantly impact many individuals and businesses.
The biomedical industry in Northeast Ohio is healthy and growing. But why?
It’s easy to confuse Medicare and Medicaid, particularly since they’re both government programs that pay for health care. But there are important differences between each program.
On December 13, 2016, President Obama signed the “21st Century Cures Act” which could impact employers who are not subject to the Affordable Care Act (ACA) because they have fewer than 50 full-time equivalent employees.
Are you HITRUST CSF certified? If not, Skoda Minotti Risk Advisory Services can help you understand HITRUST and start down the path of compliance.
Skoda Minotti Risk Advisory Services, LLC, a full-service governance, risk, and compliance firm, today announced that it has been designated as a HITRUST CSF Assessor by the Health Information Trust Alliance (HITRUST).
It may sound counterintuitive to recommend not spending the money in your HSA account—after all, it’s meant to be spent on healthcare needs. But think about the HSA another way. HSAs can be a tremendous way of building a nest egg for healthcare needs in your retirement.
The Affordable Care Act (ACA) is the health reform legislation passed by Congress and signed into law by President Obama in March, 2010. The ACA is the most significant overhaul of the U.S. healthcare system since the 1960s. It was enacted to expand access to health care and curb U.S. health care spending.
On August 28, 2014, the IRS issued draft instructions (http://www.irs.gov/pub/irs-dft/i109495b–dft.pdf) for the forms that will be used by insurance companies and employers to report health coverage information under the Affordable Care Act (ACA). The forms will be required to be filed by those employers having over 100 FTE employees as of December 31, 2014. (Read […]