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Health Care Reform Play or Pay Delay: Why You Shouldn’t Wait

Insperity

Survey your staff and talk to HR about how it might affect your employee retention rates. The closer it gets to 2015, the less time you’ll have to negotiate a good deal with a health insurance carrier. If you haven’t yet figured out whether you want to Play or Pay, do it now. The bottom line? Don’t wait, even if you can.

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AMERICAN RESCUE PLAN ACT CONTAINS MANY EMPLOYEE BENEFITS RELATED PROVISIONS

Benefits Notes

While employers (for self-insured plans and multi-employer plans) or insurance carriers (for fully insured plans) are responsible for the COBRA subsidy, the paying entity is entitled to take a federal tax credit against payroll taxes. Employee Retention Credit. Tax Credit.