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NFG Updates

"The List" with Paul Rutkowski

Recently our very own Paul Rutkowski was featured on ABC's "The List."

 

Please click the link below to view the segment.

 

http://www.thelisttv.com/the-list/what-s-the-deal-/join-a-credit-union-and-get-paid

 

Healthcare Reform

Dear Partners

 

Below is useful information for the Marketplace (Exchange) DOL Model Notices.

 

Beginning October 1, 2013, the Affordable Care Act (ACA) requires employers subject to the Fair Labor Standards Act (FLSA) to provide a notice to current and new employees regarding health plan coverage options available through State/Federal Insurance Marketplaces, aka Exchanges. If you haven't already, you will want to share this with your employer groups.

 

Added Delays for Health Insurance Mandate

Provided by Nelson Financial Group

Monday, February 24, 2014

 

Nelson Financial Group is dedicated to providing our clients with answers. It is our job to inform you and help you understand the Affordable Care Act. When new clarification is given on health care reform, we relay that to our clients. Recently, final regulations were handed down by the Treasury Department.

 

Final Guidance Brings Another Delay

 

On February 10th 2014, the Treasury Department issued final regulations on the Employer Mandate. This finalization involves one of the biggest questions surrounding the Affordable Care Act: How is the Employer Mandate going to play out in practice?

 

Briefly stated, the Employer Mandate applies to employers with 50 or more full-time employees. This installment of healthcare reform requires employers to offer “affordable” healthcare coverage that meets the “minimum value” standard. Refusal of this mandate consequently results in monetary penalty to the employer. Initially, the Mandate was supposed to take effect this year, but it was delayed until 2015.

 

The new provisions now state that employers with 50 to 99 full-time employees will not face the penalty for not offering coverage to the full-time employees and dependents until the plan year beginning on or after January 1st, 2016. The finalization on the “Pay or Play” section of the Affordable Care Act notes that these medium sized employers will need to certify that they are not reducing the size of their workforce to stay under 100 employees.

 

This unexpected grace period for businesses between 50 and 99 employees was accompanied by clarity on how to calculate full-time employees. Until this news, the government had not defined exactly which workers should be considered full-time. For a more detailed reference on how to calculate full-time employees, please click here. Moreover, employers with 100 or more full-time employees (and their dependents) will not face penalties if they offer coverage to at least 70% of their full time employees in 2015. Ultimately these employers will be required to offer coverage to at least 95 % of their full-time employees beginning in 2016.

 

For any additional information or questions, please email NFG at email@nelsonfg.com.

 

Thank you,

 

Nelson Financial Group

 

 

 

Strategic Partners

Legal Support

Legal Support

Legal Support

Partnered with

Steven A. Bloom, Esq.

Law Offices of Steven A. Bloom PLLC

Pinnacle IV at Kierland 14850 North Scottsdale Rd., Suite 285

Scottsdale, AZ 85254

Phone: 480-656-5748

Fax: (480)-452-1886

sab@bloomlawoffices.com

Partnered with

Abbie Shindler- Member

Nussbaum Gillis & Dinner, P.C.
14850 N. Scottsdale Rd., Suite 450

Scottsdale, AZ 85254

 

Phone: (480) 237-8721

Fax: (480) 609-0016

ashindler@ngdlaw.com

Partnered with

Jason Pritchett

The Pritchett Law Firm

Phoenix, AZ

Phone: (480) 382-6556

Fax: (480)-452-1886

jason@thepritchett

lawfirm.com

Consultant

Partnered with

Peter Borish

 

115 Central Park West

Apt 4C

New York, NY 10023

Phone: (917) 699-6000

Fax: (480) 505-9809

Pborish@gmail.com

CPA

Partnered with

Wolfson Berbenich & Company, CPA's

 

1010 Northern Blvd.

 Rm. 306

Great Neck, NY 11021

Phone: (516) 498-1040

ext. 101

dwolfson@wbaccountants.com

 

Partners

Partnered with

Jake Arians

Phone: (904) 718-2826

jarians@nelsonfg.com

 

Robby Tebow

rtebow@nelsonfg.com

 

Steven Hunter

Phone: (480) 369-2622

shunter@nelsonfg.com

 

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