On September 20, 2011, Governor Rick Snyder signed into law the Health Insurance Claims Assessment Act (Public Act 142 of 2011 – MCL § 550.1731, et seq.) The Act, which became effective January 1, 2012, will increase the cost for employers providing health benefits to their employees...
The Internal Revenue Service (IRS) recently proposed regulations relating to the Affordable Care Act (ACA) affecting health insurance opt-out programs. These programs are sometimes made available to employees who decline coverage from an employer-sponsored group plan. In lieu of the group coverage, the employee receives a financial...
Most employers recognize that under the Comprehensive Omnibus Budget Reconciliation Act of 1986 (COBRA) employees must be informed they have the right to maintain healthcare coverage after experiencing a “qualifying event.” A “qualifying event” generally occurs when an employee is laid off or terminated from employment...