Lang Financial

The Affordable Care Act – Two Years Later

stacy — Fri, 11 May 2012 23:22:15 +0000

March 23, marked the two-year anniversary of the passage of the Affordable Care Act (ACA). While the Supreme Court will hear arguments on challenges to the health care law, a number of ACA’s provisions are already making an impact on …

Summary of Benefits & Coverage and Uniform Glossary

andrea — Mon, 05 Mar 2012 22:55:37 +0000

Summary of Benefits and Coverage Under the law, insurance companies and group health plans will provide consumers with a concise document detailing, in plain language, simple and consistent information about health plan benefits and coverage. This Summary of Benefits and …

Form W-2 Reporting Applicable to You?

andrea — Tue, 14 Feb 2012 23:02:13 +0000

Under the Affordable Care Act, employers must report the aggregate cost of applicable employer-sponsored coverage on an employee’s Form W-2. This reporting mandate is first required for the 2012 tax year, such that the aggregate cost of this coverage must …

Notice of Civil Union Rights

Sherri — Fri, 24 Jun 2011 22:32:08 +0000

Effective June 1, 2011, the Religious Freedom Protection and Civil Union Act (the “Civil Union Law”) provides that both same-sex and different sex couples who enter into a civil union will have all of the obligations, protections and legal rights …

Potential employer violation of the new IRS Nondiscrimination Rules

andrea — Mon, 04 Apr 2011 23:12:16 +0000

As a part of an executive’s severance pay agreement, a client promises to pay part or all of his or her COBRA premiums under the employer’s insured group health plan after his or her termination. Would such payment by the employer be a …

W2 Employee or 1099 Independent Contractor?

andrea — Wed, 16 Feb 2011 22:22:00 +0000

Providing employee benefits to individuals who work for you are used to help attract and retain high caliber people. Because of the economic downturn, many of our clients are hiring individuals as independent contractors and not withholding any taxes or …

IL Department of Insurance (IDOI) – Standardized Health Insurance Applications

andrea — Thu, 20 Jan 2011 23:39:22 +0000

As part of the Illinois Insurance Fairness Act, the Illinois Department of Insurance has developed a standardized small group health insurance application to make it easier for us to present you to various carriers. All health insurance carriers are required …

Grandfathered even if you change carriers – Revised Regs

andrea — Fri, 19 Nov 2010 00:01:28 +0000

Amendment to Regulation on “Grandfathered” Health Plans under the Affordable Care Act (ACA)

Lang Financial Group Sponsored Webinar

admin — Wed, 21 Jul 2010 12:57:25 +0000

Grandfathered Health Plans and its impact on Employers and a review of Key Employer Elements in Health Care Reform for the years 2010, 2011 and 2012.

Health Care Reform – Grandfathered Plans

admin — Mon, 19 Jul 2010 14:03:55 +0000

"If you like your coverage you can keep it" is true only if you comply with certain health care reforms.