January 31, 2018
We’re just a few days away from our 2018 Legislative & Working Groups Summit, and our timing to lay down our markers on Capitol Hill could not be better.
Our dynamic government affairs duo, Joel Wood & Joel Kopperud, set the stage for what’s to come, from healthcare to S-corporations, the government funding bill, FATCA and more. Also, a sneak peek at some of our featured speakers!
Beware IRS Letter 226J
Under the Affordable Care Act’s so-called “play or pay” mandate, large employers face penalties if they do not offer healthcare coverage that is affordable and that provides minimum value to the vast majority of their workforce. The penalty, referred to as the employer shared responsibility payment, can be significant (as much as $3,000 per employee).
This means even employers with just a few hundred workers could be looking at penalties approaching $1 million a year. Larger employers could be exposed to tens of millions or more in penalties.
ACA Reform Legislation Tracker
Our legal team at Steptoe & Johnson is tracking healthcare reform bills as they are introduced in Congress. Recent updates are noted in the top box on the first page of the document. This tracker, the first of 2018, is updated as of January 31.
Get Your Team Ready for Benefits Broker Smackdown
The Council’s Leadership Academy presents Benefits Broker Smackdown—the only benefits-focused workshop of its kind. Designed for emerging benefits professionals across your organization, this experiential program challenges participants to run a computer simulated benefits shop that competes in a virtual employee benefits-only marketplace. Emphasis is placed on the importance of value validation and account management, and exposes your up-and-coming leaders to a whole new level of decision-making.
Joel Wood, SVP, Government Affairs
Amazon, Berkshire, JPMorgan Partner to Cut U.S. Healthcare Costs
Blaire Bartlett, Director, Government Affairs
Health Investors Roll Out Unwelcome Mat for Amazon’s Arrival
Joel Kopperud, VP, Government Affairs
Trump’s War on Regulations is Real. But is it Working?