Navigation Links
Zane Benefits Publishes New Information on ObamaCare Provisions
Date:3/9/2013

Park City, Utah (PRWEB) March 09, 2013

Today, Zane Benefits, Inc. published new information on ObamaCare Provisions. Zane Benefits, which provides comprehensive and flexible alternatives to traditional employer sponsored health benefits, is the leader in defined contribution and health reimbursement arrangements.

According to Zane Benefits’ website and the Government Accountability Office (GAO) report, the IRS has responsibilities in the implementation of 47 ObamaCare provisions with effective dates through 2018.

47 ObamaCare IRS Taxes and Regulations

According to Zane Benefits’ website and to Americans for Tax Reform, here's the list of provisions the IRS is involved in:

1. The provision prohibiting group health plans from discriminating in favor of highly compensated individuals.

2. The provision establishing a temporary reinsurance program to provide reimbursement for a portion of the cost of providing health insurance coverage to early retirees.

3. The provision imposing a penalty on health plans identified in an annual Department of Health and Human Services (HHS) penalty fee report, which is to be collected by the Financial Management Service after notice by the Department of the Treasury (Treasury).

4. The provision requiring state exchanges to send to Treasury a list of the individuals exempt from having minimum essential coverage, those eligible for the premium assistance tax credit, and those who notified the exchange of change in employer or who ceased coverage of a qualified health plan.

5. The provision providing tax exemption for nonprofit health insurance companies receiving federal start-up grants or loans to provide insurance to individuals and small groups.

6. The provision providing tax exemption for entities providing reinsurance for individual policies during first 3 years of state exchanges.

7. The provision providing premium assistance refundable tax credits for applicable taxpayers who purchase insurance through a state exchange, paid directly to the insurance plans monthly or to individuals who pay out-of-pocket at the end of the taxable year.

8. The provision providing a cost-sharing subsidy for applicable taxpayers to reduce annual out-of-pocket deductibles.

9. The provision outlining the procedures for determining eligibility for exchange participation, premium tax credits and reduced cost-sharing, and individual responsibility exemptions.

10. The provision allowing advance determinations and payment of premium tax credits and cost-sharing reductions.

11. The provision authorizing IRS to disclose certain taxpayer information to HHS for purposes of determining eligibility for premium tax credit, cost-sharing subsidy, or state programs including Medicaid, including (1) taxpayer identity; (2) the filing status of such taxpayer; (3) the modified adjusted gross income of taxpayer, spouse, or dependents; and (4) tax year of information.

12. The provision providing nonrefundable tax credits for qualified small employers (no more than 25 full-time equivalents (FTE) with annual wages averaging no more than $50,000) for contributions made on behalf of its employees for premiums for qualified health plans.

13. The provision requiring all U.S. citizens and legal residents and their dependents to maintain minimum essential insurance coverage unless exempted starting in 2014 and imposes a fine on those failing to maintain such coverage.

Click here to read full article.

--

About Zane Benefits
Zane Benefits was founded in 2006 to provide a revolutionized SaaS (Software-as-a-Service) administration platform ("ZaneHRA") for Health Reimbursement Arrangements (HRAs) and defined contribution health care. The flagship software provides a 100% paperless administration experience to employers and insurance professionals that want to offer better health benefits without a traditional group health insurance plan at lower costs. For more information about ZaneHRA, visit http://www.zanebenefits.com.

Read the full story at http://www.prweb.com/releases/2013/3/prweb10506054.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Health Benefits of Marriage Mostly Apply to Those Already Healthy
2. Health benefits of marriage may not extend to all
3. Zane Benefits Publishes New Information on Essential Health Benefits
4. Complete H2O Minerals Has Developed a Product for Seniors Using the Benefits of Liquid Vitamins and Minerals
5. Park Cities Aesthetics Demonstrating the Benefits of SmartLipo™ With Their 150th Procedure
6. Reap what you sow? When it comes to exercise, benefits may differ
7. Gene Disorder Screen Benefits Baby Boys, Girls Equally: Study
8. Zane Benefits Publishes New Information on California's Health Insurance Marketplace
9. Zane Benefits Publishes New Information on Small Business Health Insurance
10. TA-65 Teloomerase Activator Health and Longevity Benefits - Preliminary Results of TA-65 User's Survey
11. Early education closes achievement gap, brings societal benefits
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/21/2017)... ... May 19, 2017 , ... ... announce the appointment of James (Jim) Vertino as Chief Information Officer (CIO). He ... transformational leader who drives innovation and business performance. He defines strategic roadmaps by ...
(Date:5/21/2017)... ... May 20, 2017 , ... Pot. Reefer. Grass. Mary Jane. No ... and share its attributes like never before. More than a map, new social marketplace ... to stores, strains, products – and for the first time – each other. A ...
(Date:5/21/2017)... ... 2017 , ... For more than 20 years United Cutlery has been distinguished ... swords, from functional to fantasy. United Cutlery has always been “Stronger. Sharper” than the ... tradition. , Offering a range of weapons and tools built for battle, the M48 ...
(Date:5/19/2017)... ... May 19, 2017 , ... In a continuous effort ... , a luxury online mattress company that specializes in natural and organic latex mattresses, ... grassroots autism organization) for every unique share their recent viral Facebook video ...
(Date:5/19/2017)... ... 2017 , ... When Kyle Busch graduates from Kansas City University of Medicine ... major research studies that could impact the health of young athletes everywhere. , As ... an orthopedic surgeon, alongside an international team trying to discover why girls involved in ...
Breaking Medicine News(10 mins):
(Date:5/18/2017)... May 18, 2017  Two Bayer U.S. Pharmaceutical leaders ... during its recent 28 th Woman of ... event showcases HBA,s longstanding mission of furthering the advancement ... Cindy Powell-Steffen , senior director of ... division, and Libby Howe , a regional business ...
(Date:5/15/2017)...  Amy Baxter MD, chief executive officer and founder ... relief, was awarded a 2017 Top 40 Healthcare Transformer ... at the MM&M Top 40 Healthcare Transformers dinner and ... on May 10, 2017. The dinner followed a full-day ... the pill."  "Innovation goes beyond invention," noted ...
(Date:5/12/2017)... 2017  The China and Canada joint ... less water, energy and detergent, and features a powerful disinfection process. ... shoebox-sized washing machine that washes and sanitizes women,s panties or babies, ... ... and does not require an external water inlet. ...
Breaking Medicine Technology: