The document summarizes the new administration's plans and debates around repealing and replacing the Affordable Care Act (ACA). Key points include: Republicans want a quick repeal but some caution slowing the process to avoid harming Americans. There are disagreements around refundable tax credits and capping the employee health coverage exclusion. The proposed American Health Care Act would keep some ACA subsidies temporarily and introduce a new tax credit system starting in 2020. Repealing most ACA taxes would reduce revenues by around $600 billion over 10 years. The process of repeal and replace will involve House committees and floor votes before moving to the Senate.
Health Reform Bulletin 128 | House Passes the American Health Care ActCBIZ, Inc.
On May 4, 2017, the House passed the American Health Care Act of 2017 (“AHCA”, H. R. 1628). Since the initial bill was officially introduced on March 20, 2017 (see The GOP Proposal to Repeal and Replace the Affordable Care Act, HRB 127, 3/10/17), there have been several amendments made to the law’s text. The bill will now progress to the Senate for consideration; its fate in the Senate is unclear at this point. Every indication is that the bill with undergo significant scrutiny and probably substantial change. Following is a brief overview of certain provisions of the bill passed by the House.
What Does Health Reform Mean For You A Consumers Guidekmacaller
A dynamite guide for everything you never wanted to know about Health Care Reform! Did I say "never?" Wish I didn\'t have to deal with this stuff but alas, I do.
Impact of the Trump Administration’s Policy Shifts on Employee Benefit PlansQuarles & Brady
During this one-hour program, Amy and John will discuss the impact of the Trump Administration's executive orders and proposed regulations on employee benefit plans and share insights on what to expect over the remainder of this year.
New Laws Impacting Businesses: Arizona Paid Sick Leave and Minimum WageQuarles & Brady
During this one-hour webinar, Robert Vaught and Marian Zapata-Rossa discussed several new laws that will impact businesses in 2017.
They will cover:
- Ensuring you are prepared to comply with Arizona's new laws regarding minimum wage and paid sick leave
- Understanding the status of the Department of Labor's proposed overtime rule; and
- What we can expect as the Administration begins to implement changes
Health Reform Bulletin 128 | House Passes the American Health Care ActCBIZ, Inc.
On May 4, 2017, the House passed the American Health Care Act of 2017 (“AHCA”, H. R. 1628). Since the initial bill was officially introduced on March 20, 2017 (see The GOP Proposal to Repeal and Replace the Affordable Care Act, HRB 127, 3/10/17), there have been several amendments made to the law’s text. The bill will now progress to the Senate for consideration; its fate in the Senate is unclear at this point. Every indication is that the bill with undergo significant scrutiny and probably substantial change. Following is a brief overview of certain provisions of the bill passed by the House.
What Does Health Reform Mean For You A Consumers Guidekmacaller
A dynamite guide for everything you never wanted to know about Health Care Reform! Did I say "never?" Wish I didn\'t have to deal with this stuff but alas, I do.
Impact of the Trump Administration’s Policy Shifts on Employee Benefit PlansQuarles & Brady
During this one-hour program, Amy and John will discuss the impact of the Trump Administration's executive orders and proposed regulations on employee benefit plans and share insights on what to expect over the remainder of this year.
New Laws Impacting Businesses: Arizona Paid Sick Leave and Minimum WageQuarles & Brady
During this one-hour webinar, Robert Vaught and Marian Zapata-Rossa discussed several new laws that will impact businesses in 2017.
They will cover:
- Ensuring you are prepared to comply with Arizona's new laws regarding minimum wage and paid sick leave
- Understanding the status of the Department of Labor's proposed overtime rule; and
- What we can expect as the Administration begins to implement changes
In this webcast we discussed the status of the health care bill in the Senate and compared the Senate provisions as of July 18 to those passed by the House in June 2017.
This presentation covers national legislative update and state updates specific to employers headquartered in Oregon, Washington, and Montanta. Additionally, we will address recent events including the potential impact of the new tax plan on employee benefits, EEOC wellness rules updates and updates to the ACA.
For further information, please contact The Partners Group:
https://www.tpgrp.com/contact-partner...
For over 35 years The Partners Group has been serving the financial and insurance needs of employers, medical professionals, and successful individuals with services including employee benefits and business consulting, retirement planning, investment services, commercial and individual insurance. We have built our business from the ground up to ensure we are a thriving organization for the next 35 years. Although we have developed a national network and reputation, you can count on our local commitment and service. We deliver through the hard work of over 140 teammates, who tirelessly provide results greater than the sum of our parts. The Partners Group has offices in Portland, Lake Oswego, and Bend OR; Bellevue, WA; and Bozeman, MT. https://www.tpgrp.com
Subscribe to our email list for additional helpful tips:
https://www.tpgrp.com/subscribe/
Learn how you can successfully navigate the Affordable Care Act, "Obama Care".
This easy to read outline will benefit your family and business.
Call (816-224-9466) for more information today.
Health Reform Bulletin 122 | 2017 Inflationary Adjustments and moreCBIZ, Inc.
1) 2017 Inflationary Adjustments; 2) Final Rules: Excepted Benefits, Lifetime and Annual Limits, and Short-Term, Limited-Duration Insurance; and 3) Whistleblower and Retaliation Protections
Health Care Legislative Roundup: February 2017ConnectYourCare
This presentation from ConnectYourCare spotlights recent legislative news and regulations impacting health benefits. This presentation covers:
- Legislation to Repeal HSA, FSA Restrictions on OTC Drug Purchases Introduced in Congress
- Confirmation of Rep. Tom Price (R-GA) as Secretary of Health and Human Services
- Republicans Targeting March or April to Advance Affordable Care Act (ACA) Replacement Measure
- ACA Repeal Bill Options
- President Trump and the Fiduciary Rule
- Executive Orders Impacting Regulations
Please Note: ConnectYourCare does not provide tax or legal advice. This information is not intended and should not be taken as tax or legal advice. Any tax or legal information in this notice is merely a summary of ConnectYourCare's understanding and interpretation of some of the current regulations and is not exhaustive. You should consult your tax advisor or legal counsel for advice and information concerning your particular situation before making any decisions.
America's Retirement Safety Net and information for you to understand the social security, medicare and financial needs after retirement. For more topics you can visit our other flipbooks at http://www.ferrettafinancialservices.com/sitemap.htm .
Happy reading:-
Health-Care Reform: Replacing Myths with FactsDolf Dunn
Emotions and financial decisions rarely ever go well together, so it is critical to understand how (if any) the new health care program will affect you and your family.
In this webcast we discussed the status of the health care bill in the Senate and compared the Senate provisions as of July 18 to those passed by the House in June 2017.
This presentation covers national legislative update and state updates specific to employers headquartered in Oregon, Washington, and Montanta. Additionally, we will address recent events including the potential impact of the new tax plan on employee benefits, EEOC wellness rules updates and updates to the ACA.
For further information, please contact The Partners Group:
https://www.tpgrp.com/contact-partner...
For over 35 years The Partners Group has been serving the financial and insurance needs of employers, medical professionals, and successful individuals with services including employee benefits and business consulting, retirement planning, investment services, commercial and individual insurance. We have built our business from the ground up to ensure we are a thriving organization for the next 35 years. Although we have developed a national network and reputation, you can count on our local commitment and service. We deliver through the hard work of over 140 teammates, who tirelessly provide results greater than the sum of our parts. The Partners Group has offices in Portland, Lake Oswego, and Bend OR; Bellevue, WA; and Bozeman, MT. https://www.tpgrp.com
Subscribe to our email list for additional helpful tips:
https://www.tpgrp.com/subscribe/
Learn how you can successfully navigate the Affordable Care Act, "Obama Care".
This easy to read outline will benefit your family and business.
Call (816-224-9466) for more information today.
Health Reform Bulletin 122 | 2017 Inflationary Adjustments and moreCBIZ, Inc.
1) 2017 Inflationary Adjustments; 2) Final Rules: Excepted Benefits, Lifetime and Annual Limits, and Short-Term, Limited-Duration Insurance; and 3) Whistleblower and Retaliation Protections
Health Care Legislative Roundup: February 2017ConnectYourCare
This presentation from ConnectYourCare spotlights recent legislative news and regulations impacting health benefits. This presentation covers:
- Legislation to Repeal HSA, FSA Restrictions on OTC Drug Purchases Introduced in Congress
- Confirmation of Rep. Tom Price (R-GA) as Secretary of Health and Human Services
- Republicans Targeting March or April to Advance Affordable Care Act (ACA) Replacement Measure
- ACA Repeal Bill Options
- President Trump and the Fiduciary Rule
- Executive Orders Impacting Regulations
Please Note: ConnectYourCare does not provide tax or legal advice. This information is not intended and should not be taken as tax or legal advice. Any tax or legal information in this notice is merely a summary of ConnectYourCare's understanding and interpretation of some of the current regulations and is not exhaustive. You should consult your tax advisor or legal counsel for advice and information concerning your particular situation before making any decisions.
America's Retirement Safety Net and information for you to understand the social security, medicare and financial needs after retirement. For more topics you can visit our other flipbooks at http://www.ferrettafinancialservices.com/sitemap.htm .
Happy reading:-
Health-Care Reform: Replacing Myths with FactsDolf Dunn
Emotions and financial decisions rarely ever go well together, so it is critical to understand how (if any) the new health care program will affect you and your family.
Człowiek, ósma warstwa modelu ISO/OSI, jako element ekosystemu teleinformaty...Mikolaj Leszczuk
Rozpowszechnienie się dostępu szerokopasmowego, postęp technologiczny i zmniejszenie kosztów operacyjnych popchnęły przemysł IT, telekomunikacji, mediów i rozrywkowi w fazę wielkich i ciągłych zmian. Ponieważ branże te zbiegają się, tworzą też one przestrzeń, w której siedem warstw technologicznych modelu ISO/OSI, spotyka “warstwę ósmą”: człowieka, dla którego w rzeczywistości wszystkie te technologie zostały stworzone. Możemy nazwać to miejsce: Ekosystemem cyfrowym. Ten wschodzący cyfrowy ekosystem generuje wiele możliwości tworzenia wartości społecznej i gospodarczej, jak również staje się zagrożeniem i wyzwaniem dla użytkowników i polityki rządów. Tak, jak każdy zdrowy ekosystem pozwala jej podmiotom na współpracę z korzyścią dla wszystkich, tak zdrowy cyfrowy ekosystem będzie umożliwiał jego uczestnikom tworzenie i dostarczanie wartości ekonomicznych dla dobrobytu społeczeństwa. W przedmiocie tym skupiamy się na wciąż niepewnych wartościach, takich jak wzmocnienie pozycji użytkownika, struktura rynku, regulacje rynku, prawa własności intelektualnej, bezpieczeństwo i prywatność.
Ekosystem cyfrowy formuje się wraz z konsolidacją przemysłu informatyki, telekomunikacji, mediów i rozrywki; użytkownicy ewoluują od zwykłych konsumentów do aktywnych uczestników ekosystemu, a rządy ścierają się z problematyką polityki nadzoru. Uczestnicy cyfrowego ekosystemu kwestionują jego kształt i rozmiar. Są świadomi swoich wzajemnych zależności niezbędnych do umożliwienia ekosystemowi cyfrowemu rozwoju w zdrowym środowisku, zarazem tworząc dodatnią wartość ekonomiczną i dobrobyt społeczeństwa.
Temi e dilemmi della democrazia contemporaneaDino Bertocco
Esiste una sovraclasse globale che indebolisce il potere reale e la volontà degli elettori dei singoli paesi; bisogna saperla affrontare con nuovi processi democratici
Health Reform Bulletin 130 | Senate Releases Health Care Reform ProposalCBIZ, Inc.
he Senate has now made public its health care reform bill, named the “Better Care Reconciliation Act of 2017”. In many ways, it tracks the House bill passed on May 4, 2017 (see the CBIZ Health Reform Bulletin 128 – House Passes the American Health Care Act, 5/5/2017).
This update is part of a Brown & Brown series summarizing the guidance issued in connection with the Patient Protection and Affordable Care Act. For this edition, we examine the recent resurgence and passage of the American Health Care Act (AHCA).
How to Avoid a Head-on Collision with The Cadillac TaxBill Conlan
The Webinar addressed what state and local governments need to know about how other provisions of reform that take effect beginning in 2010 will complicate the challenge of meeting the thresholds – and that the time to begin planning for the Cadillac tax is now.
The presenters provided details on the Cadillac tax and factors that complicate compliance with premium thresholds such as the removal of traditional coverage limits, the increase in the dependent eligibility age, additional fees, mental health parity and the estimated 16 million more Americans who will receive Medicaid.
Regulation GPS: Re-routing Health & Welfare Plansbenefitexpress
The new administration is causing major changes in the benefits industry, with a laser focus on what will become of the Affordable Care Act. Confronted with a litany of new legislation, it’s easy to miss something. Get the download of the new laws you need to know to keep your benefits compliant and get attorney Larry Grudzien’s legal take on what this means for benefits and HR.
1) Discuss what seems to be the current posture of the Trump Administration and Republican Party leadership relative to expected health care policy changes.
2) Identify key distinctions between the Affordable Care Act (ACA aka ObamaCare) and the American Health Care Act (AHCA aka TrumpCare).
3) Recognize key strategies for future success regardless of changes to US healthcare policy and law.
Outlook for 2017 and Beyond - Five Exposures to Watch in Health CareEpstein Becker Green
Mark Lutes, Chair of the Board of Directors of Epstein Becker Green and a Member of the firm’s Health Care and Life Sciences practice, delivered the attached keynote presentation, "Outlook for 2017 and Beyond - Five Exposures to Watch," at the Healthcare Financial Forum on March 15, 2017.
The Trump Administration’s policies, and decisions made by Congress, will transform how providers deliver care and receive payment for healthcare services. While President Trump’s February 28 speech to Congress offered few details of a White House vision on health care reform, clues as to a potential future are offered in bills under consideration in the House. In this interactive presentation, we will help finance executives predict the top exposures for their organizations in 2017 by reviewing elements of the shift in the payment paradigm, the Washington policy context and its impact on the threats and opportunities facing their organizations, and the outlook for further legislative and regulatory change.
Key exposures that will be covered include:
Executives Orders & Scrutiny of Regulation
Tax Reform Impacting Commercial Health Care Coverage
Medicare Trends
Exchange Population Coverage Changes
Medicaid Expansion Population Financing Changes
http://www.ebglaw.com/events/healthcare-financial-forum-outlook-for-2017-and-beyond-five-exposures-to-watch/
These materials have been provided for informational purposes only and are not intended and should not be construed to constitute legal advice. The content of these materials is copyrighted to Epstein Becker & Green, P.C. ATTORNEY ADVERTISING.
May 2017 Summary of the American Health Care Act T.docxalfredacavx97
May 2017
Summary of the American Health Care Act
This summary describes key provisions of H.R. 1628, the American Health Care Act, as approved by the House
of Representatives on May 4, 2017, as a plan to repeal and replace the Affordable Care Act (ACA) through the
Fiscal Year 2017 budget reconciliation process.
American Health Care Act
H.R. 1628
Date plan
announced
March 6, 2017; passed by the House of Representatives on May 4, 2017
Overall
approach
Repeal ACA mandates (2016), standards for health plan actuarial values (2020),
and, premium and cost sharing subsidies (2020).
Modify ACA premium tax credits for 2018-2019 to increase amount for younger
adults and reduce for older adults; allow tax credits to apply to coverage sold outside
of exchanges and to catastrophic policies. In 2020, replace ACA income-based tax
credits with flat tax credits adjusted for age. Eligibility for new tax credits phases out
at income levels between $75,000 and $115,000
Retain private market rules, including requirement to guarantee issue coverage,
prohibition on pre-existing condition exclusions, requirement to extend dependent
coverage to age 26. Modify age rating limit to permit variation of 5:1, unless states
adopt different ratios, effective 2018. Retain essential health benefits requirement,
with state option to waive. Retain prohibition on health status rating with state
option to waive for individual market applicants who have not maintained continuous
coverage.
Retain health insurance marketplaces, annual Open Enrollment periods (OE), and
special enrollment periods (SEPs).
Impose late enrollment penalty for people who don’t stay continuously covered.
Establish Patient and State Stability Fund with federal funding of $115 billion over
9 years available to all states, and additional funding of $8 billion over 5 years for
states that elect community rating waivers. States may use funds to provide financial
help to high-risk individuals, promote access to preventive services, provide cost
sharing subsidies, and for other purposes. In 2020, $15 billion of funds shall be used
only for services related to maternity coverage and newborn care, and mental health
and substance use disorders. [For 2018-2026, a further $15 billion is allocated
through the fund for Federal Invisible Risk Sharing Program (reinsurance). This
program is established as part of the fund, though administered by CMS to make
payments directly to health insurers.] In states that don’t successfully apply for
grants, funds will be used for reinsurance program.
Repeal funding for Prevention and Public Health Fund at the end of Fiscal Year
2018 and rescind any unobligated funds remaining at the end of FY 2018. Provide
supplemental funding for community health centers of $422 million for FY 2017
Encourage use of Health Savings Accounts by increasing annual tax free
co.
Health Reform Bulletin 125 | Updated Employer Shared Responsibility Guidance,...CBIZ, Inc.
The latest HRB has been released. Get updates on the following: 1) Updated Employer Shared Responsibility Guidance; 2) ACA Implementation Guidance; 3) Gender Identity Discrimination: Preliminary Injunction Issued; 4) Final Rules - Premium Tax Credit; and 5) 2018 Benefit and Payment Parameters.
Health Reform 2009: The Great American DebateFrank Fortin
An overview of House and Senate legislation for federal health reform, with sections relating to physicians and the legislations' impact on Massachusetts. Presented by Massachusetts Medical Society President Mairo E. Motta, M.D., at the Interim Meeting of the MMS House of Delegates.
Senate Republicans now plan to focus on repealing the ACA without a replacement plan, based on a budget reconciliation bill from 2015. This proposal would provide a two-year delay of the repeal to provide a stable transition period.
NATURE, ORIGIN AND DEVELOPMENT OF INTERNATIONAL LAW.pptxanvithaav
These slides helps the student of international law to understand what is the nature of international law? and how international law was originated and developed?.
The slides was well structured along with the highlighted points for better understanding .
How to Obtain Permanent Residency in the NetherlandsBridgeWest.eu
You can rely on our assistance if you are ready to apply for permanent residency. Find out more at: https://immigration-netherlands.com/obtain-a-permanent-residence-permit-in-the-netherlands/.
WINDING UP of COMPANY, Modes of DissolutionKHURRAMWALI
Winding up, also known as liquidation, refers to the legal and financial process of dissolving a company. It involves ceasing operations, selling assets, settling debts, and ultimately removing the company from the official business registry.
Here's a breakdown of the key aspects of winding up:
Reasons for Winding Up:
Insolvency: This is the most common reason, where the company cannot pay its debts. Creditors may initiate a compulsory winding up to recover their dues.
Voluntary Closure: The owners may decide to close the company due to reasons like reaching business goals, facing losses, or merging with another company.
Deadlock: If shareholders or directors cannot agree on how to run the company, a court may order a winding up.
Types of Winding Up:
Voluntary Winding Up: This is initiated by the company's shareholders through a resolution passed by a majority vote. There are two main types:
Members' Voluntary Winding Up: The company is solvent (has enough assets to pay off its debts) and shareholders will receive any remaining assets after debts are settled.
Creditors' Voluntary Winding Up: The company is insolvent and creditors will be prioritized in receiving payment from the sale of assets.
Compulsory Winding Up: This is initiated by a court order, typically at the request of creditors, government agencies, or even by the company itself if it's insolvent.
Process of Winding Up:
Appointment of Liquidator: A qualified professional is appointed to oversee the winding-up process. They are responsible for selling assets, paying off debts, and distributing any remaining funds.
Cease Trading: The company stops its regular business operations.
Notification of Creditors: Creditors are informed about the winding up and invited to submit their claims.
Sale of Assets: The company's assets are sold to generate cash to pay off creditors.
Payment of Debts: Creditors are paid according to a set order of priority, with secured creditors receiving payment before unsecured creditors.
Distribution to Shareholders: If there are any remaining funds after all debts are settled, they are distributed to shareholders according to their ownership stake.
Dissolution: Once all claims are settled and distributions made, the company is officially dissolved and removed from the business register.
Impact of Winding Up:
Employees: Employees will likely lose their jobs during the winding-up process.
Creditors: Creditors may not recover their debts in full, especially if the company is insolvent.
Shareholders: Shareholders may not receive any payout if the company's debts exceed its assets.
Winding up is a complex legal and financial process that can have significant consequences for all parties involved. It's important to seek professional legal and financial advice when considering winding up a company.
2. 1
“I would be shocked if we didn’t move forward and keep our commitment to the
American people”
Senate Majority Leader Mitch McConnell (R-KY), November 2016
“I want to have a repeal as quickly as we can get it done. Day one would be nice
for me.”
Florida Gov. Rick Scott, December 2016
“The first bill we’re going to be working on is our Obamacare legislation….We have
to bring relief as fast as possible to people who are struggling under Obamacare”.
Speaker Paul Ryan (R-MI), December 2016
President Trump “is prepared and ready to go. As he’s said before, he wants real
change on day one. That will mean within hours of being sworn in.”
Sean Spicer, January 4, 2017
Repeal Obamacare Now!
3. 2
Some Caution and Reassurances….
“We are not going to rip health care away from Americans”
Ways and Means Chairman Kevin Brady (R-TX), December 2016
“I imagine this will take several years to completely make that sort of
transition – to make sure we do no harm”
Senate HELP Committee Chairman Lamar Alexander (R-TX), November 2016
4. 3
Some Disagreements
“Republicans want to repeal Obamacare’s expensive and rigid system of
subsidies and replace them with a simple and flexible, advanceable and
refundable tax credit to help Americans who do not receive insurance
through their employer or a government program.”
House Republican Obamacare Repeal and Replace Policy Brief and Resources
2017
“I think that hard-line conservatives will come out, I would say, near
unanimously against the idea of a refundable tax credit.”
Rep. Mark Sanford (R-SC), a member of the Freedom Caucus
5. 4
Taxing Employees on Health Coverage
“I don’t believe we ought to tax health care. I’ve never been for it… I was
opposed to the Obamacare tax, so I’d be opposed to any Cadillac tax.
Would I be for a Republican Cadillac tax but against a Democrat Cadillac
tax? I don’t think so.“
House Rules Committee Chairman Pete Sessions (R-TX)
Is a cap on the employee exclusion a tax on the middle class? “I don’t see
it that way”.
Ways and Means Committee Chairman Kevin Brady (R-TX)
6. 5
Medicaid
Under our proposal, Obamacare’s Medicaid expansion for able-bodied
adult enrollees would be repealed in its current form.
House Republican Obamacare Repeal and Replace Policy Brief and Resources
2017
“As long as Alaska wants to keep the [Medicaid] expansion it should have
the option. I will not vote to repeal it.”
Senator Lisa Murkowski (R-AL)
9. 8
Key Objectives of ACA Repeal/Replace
Federal Regulation
Federal Budget Impact
State Oversight
But, preemption?
Individual Responsibility
Taxes and Fees
But, tax employees?
Job-Based Health Coverage
10. 9
American Health Care Act
House Budget Reconciliation Provisions to Repeal/Replace
ACA
ACA premium subsidies kept through 2019, with some
changes
New health coverage tax credit replaces the ACA premium
subsidies starting in 2020
Keeps most ACA market reforms in place
Repeals most ACA taxes and fees
Expands HSAs
Medicaid cuts and revisions
11. 10
Tax Repeal
Individual, employer mandates reduced to zero (1/1/2016) (Continuous cov. penalty)
Small business tax credit (1/1/2020) N/A to plans with abortion coverage in 2019
“Cadillac Tax” (delayed until 2025)
Prohibition on reimbursements of OTC medicines w/o a prescription (1/1/18)
Limitation on salary contributions to health FSAs (1/1/2018)
Increase in threshold for medical expense deduction (1/1/2018)
0.9% additional Medicare tax for incomes above $200,000/$250,000 (1/1/2018)
Net investment income tax (1/1/2018)
Medical device tax (1/1/2018, tax already suspended for 2016 and 2017)
Tax on manufacturers of branded prescription drugs (1/1/2018)
Tax on health insurance providers (1/1/2018, tax already suspended for 2017)
Denial of deduction for expenses relating to Medicare Part D subsidy (1/1/2018)
Limitation on the deductibility of health insurer executive pay (1/1/2018)
Tanning tax (1/1/2018)
12. 11
Repeal of Taxes – Official Estimates (Joint Committee on Taxation)
Provision Revenue Impact (2017-2026)
Repeal 3.8% Net Investment Tax -$158 billion
Repeal Health Insurer Tax -$145 billion
Repeal 0.9% Additional Medicare Tax -$117 billion
Delay Cadillac Plan Tax to 2025 -$49 billion
Repeal Increase in AGI Threshold for Medical Deduction -$35 billion
Repeal Fee on Branded Prescription Drugs -$25 billion
Repeal Medical Device Tax -$20 billion
Repeal FSA Contribution Limit -$19 billion
Repeal Other -$8 billion
Repeal Total -$576 billion
HSA Expansion -$19 billion
Total -$595 billion
13. 12
Cap on Employee Exclusion
40% Excise Tax
(Delayed until 2025)
Proposed Cap on Employee Exclusion
(Dropped – for now….)
$10,800 self-only; $29,100 family
(CBO estimates for tax for 2020)
90th percentile of premiums; CBO says
75th percentile $9,520/$23,860
CPI-U (2020 forward) CPI-U plus 2%
Total cost included in tax base Same
HSA contributions included HSA contributions excluded
FSA contributions included Same, but could change (possible
interaction with elimination of cap)
Payroll tax issues
Insurer/employer legally liable for any
tax
Employees liable for any tax
14. 13
HSA Expansion: Hatch-Paulsen/House Recon
Contributions increased to OOP limit (including deductibles)* Eff. 2018
• Limit for 2017 -- $3,400 self/$6,750 family
• OOP limit for 2017 -- $6,550 self/$13,000 family
• Both spouses can make catch-up contributions to same account*
HSA qualified family coverage may include embedded deductible for each
individual of at least minimum individual deductible ($1,300 self for 2017)
Eligibility for HSAs expanded
• Direct primary care service agreement
• On-site medical clinics
• Medicare beneficiaries
Distributions -- HSA-qualified insurance may be purchased from account
• Tax on non-medical expenses reduced back to 10%*
• Pre-paid primary care services
• Exercise equipment and gym memberships
• Certain nutritional and dietary supplements
• Eliminate “trap for the unwary” based on when HSA established*
15. 14
Market Reforms
Modify permitted age rating variation from 3/1 to
5/1
Effective in 2018, as implemented by HHS regulations
States may provide for a different variation
Metal Tier Requirements Repealed, effective 2020
Other requirements generally not affected
OOP max, no pre-ex exclusions, preventive care, etc.
16. 15
Continuous Coverage Incentive/Penalty
With repeal of individual mandate, how to address adverse
selection
Medicare-like penalty
In small group and individual market, insurers “shall” impose a
penalty of 30% of the otherwise applicable premium for
failure to prove continuous coverage
Applies if there is a gap of 63 days or more in the last 12
months
Penalty applies for one year
Generally starting in 2019, also applies to special enrollment
periods in 2018
17. 16
New Tax Credit to Replace ACA Credits
ACA tax credit to remain temporarily – until 2020
New credit for individual market coverage and unsubsidized COBRA
Age based (annual amounts, credit calculated monthly)
$2,000 if less than 30
$2,500 if ≥ 30 and < 40
$3,000 ≥ 40 and < 50
$3,500 ≥ 50 and < 60
$4,000 if ≥ 60
Max credit is $14,000, no more than 5 oldest people in family counted
Ex: Mom age 40; Dad age 35; 3 teenagers -- Max credit is $11,500
Income based
N/A if eligible for group health coverage, Medicare Part A, Medicaid, CHIP
Excess of credit over cost of insurance can go to HSA (if eligible)
Advanceable and refundable
N/A if abortion coverage included
18. 17
Employer Reporting
MEC reporting (Code §6055)
Current Form 1095-B for non-ALEs; Part III of 1095-C for ALEs
Not repealed, but no longer needed when individual mandate repealed
IRS “can stop enforcing reporting that is not needed for taxable
purposes,” says the Ways and Means Committee
Reporting Offers of Coverage and ALE reporting (Code §6056)
Current Form 1095-C Part II
Offer information still relevant through 2019 for current ACA premium
subsidies (even when employer penalty is repealed)
New W-2 reporting requirement relating to new health coverage credit
takes effect in 2020. Intended to replace current 6056 reporting.
W-2 Reporting of Cost of Health Coverage
Still in effect
19. 18
More Reporting
Statement from employer relating to advance payment of
new health coverage credit (starting 2020)
Statement must be provided by any working individual who seeks
advance payment of the credit
Normal penalties for failure to file information returns applies to
employers who fail to comply
Reporting for insurers relating to health coverage tax credit
New requirement under Code section 6055
20. 19
What’s Next in the Process?
Two Pieces --
House Ways and Means Committee
House Energy and Commerce Committee
House Budget Committee
House Floor
Senate – ?
President
“This bill will land on the President’s desk, he will sign it.” White House
Press Secretary Sean Spicer
21. 20
Fiduciary Rule Delay
Executive Order Issued Feb 3
Does the rule “adversely affect the ability of Americans to gain access
to retirement information and financial advice”?
Proposed Rule
Would extend April 10 “applicability date” for 60 days
Asks for comments on broader issues/economic impact
Next steps
Further delay?
Rescission of the rule?
22. 21
DOL Final Rule on State/Municipal Savings Plans
Savings Arrangements Established by States for Non-
Governmental Employees
Published in Fed Reg on Aug 30, 2016
Savings Arrangements Established by Qualified State Political
Subdivisions for Non-Governmental Employees
Published in Fed Reg on Dec 20, 2016
Disapproval resolutions under the CRA for each of these rules have
passed the House
If a rule is disapproved, the rule cannot be re-issued “in substantially
the same form” unless authorized by a subsequent law
23. 22
DOL Overtime Rule
“Defining and Delimiting the Exemptions for Executive, Administrative,
Professional, Outside Sales and Computer Employees”
Published in Fed Reg May 23, 2016
Effective December 1, 2016
Stalled in Litigation
Subject to Executive Order regarding rules not yet in effect?
24. 23
A Few Words About Tax Reform
Next big item after ACA repeal/replace
Taxing employee health benefits
Possible retirement area changes