Smart Benefits: Veterans Exempt from Employee Count Under ACA
Monday, October 05, 2015
Employers who hire a veteran get more than an employee – they get some relief from the ACA’s employer mandate.
At the end of July, President Obama signed into law the Surface Transportation and Veterans Health Care Choice Improvement Act. The law allows employers to exclude full-time employees who served in the military and have coverage under TRICARE or a health care program administrated by the Department of Veterans Affairs from being classified as an eligible employee for the purposes of the ACA’s employer mandate to provide minimum essential health care coverage.
Since employers can exclude veterans with applicable coverage from the ACA’s 50-or-more full-time employee threshold count, the Act is design to encourage businesses to hire more veterans.
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLAST
Rob Calise is a founding partner of Cornerstone Group, where he helps clients control the costs of employee benefits by focusing on consumer driven strategies and on how to best utilize the tax savings tools the government provides. Rob serves as Chairman of the Board of United Benefit Advisors, and is a board member of the Blue Cross & Blue Shield of RI Broker Advisory Board, United HealthCare of New England Broker Advisory Board and Rhode Island Business Healthcare Advisors Council. He is also a member of the National Association of Health Underwriters (NAHU), American Health Insurance Association (AHIA) and the Employers Council on Flexible Compensation (ECFC), as well as various human resource associations. Rob is a graduate of Bryant University with a BS in Finance.
Related Articles
- Smart Benefits: “Embedded” Out-of-Pocket Limits Required for Group Plans in 2016
- Smart Benefits: Carriers File Requested Rates for 2016
- Smart Benefits: Preventive Services Requirement Clarified
- Smart Benefits: Healthy Self” Campaign Highlights Preventive Services
- Smart Benefits: PCORI Fees Due July 31 for Some Employers
- Smart Benefits: Public Comment Period for Cadillac Tax Closed
- Smart Benefits: Self-Funded Insurance - A Growing Option Among Employers
- Smart Benefits: New SBC Template Delayed ‘Til 2016
- Smart Benefits: EEOC Notice Clarifies ADA-Compliant Wellness Programs
- Smart Benefits: New Study Shows Exchange Satisfaction Higher
- Smart Benefits: Exchange Funding - What’s Next?
- Smart Benefits: Feedback on Next Essential Health Benefits Benchmark Plan Due June 30
- Smart Benefits: Fines Now In Effect for Small Business Health Plan Reimbursements
- Smart Benefits: File 2014 Taxes—or Risk Losing Subsidy
- Smart Benefits: 2016 Health Insurance Rates Approved
- Smart Benefits: New IRS Notice Issued on Cadillac Tax
- Smart Benefits: Determine Independent Contractor vs. Employee for ACA Compliance
- Smart Benefits: Prepare for Open Enrollment Season
- Smart Benefits: Is Your Package Competitive? What’s New in Employee Benefits
- Smart Benefits: Delaware Says No to State Exchange
- Smart Benefits: SHRM Study Shows More Benefits Offered to Employees
- Smart Benefits: Draft 2015 Forms Released for ACA Reporting
- Smart Benefits: IRS Releases ACA Taxpayer Data for 2014
- Smart Benefits: New OHIC Standards to Improve Health Care Delivery
- Smart Benefits: IRS Posts ACA Compliance Resource for Large Employers
