Ok here is my dilemma! I have heard horror stories how companies are laying off because of the affordable healthcare act.......I am still very much against the federal government running anything let alone efficiently! But my question would be this....As an informed or atleast I think I am, taxpayer, is there anything good happening with this act? I have been delving into the wording of this 2200 page boondoggle, and have come across some interesting things that I have not heard of in the mainstream media or my so called conservative media such as "FOX"... here is one example.. "The Treasury Department and the Internal Revenue Service (IRS) have requested and received comments on a number of issues and potential approaches to interpreting and applying the employer shared responsibility provisions. In particular, IRS Notice 2011-36 (2011-21 I.R.B. 792)2 described and requested comments on a possible approach that would use a “lookback/ stability period safe harbor” method that employers might use in determining whether current employees (those who are not newly-hired or transferred) are full-time employees for purposes of the employer shared responsibility provisions. Comments were also requested on potential rules for determining full-time status of new employees and employees who move into full-time status mid-year. another one is the part time status and eligibility requirement based on accumulative hours, goes like this...... "Part-time employees who work 20 hours per week will complete 750 hours of service in 37 ½ weeks or just under 9 months. The waiting period under PHS Act section 2708 begins when Employee Z satisfies the cumulative service requirement, thereby becoming eligible (but for the waiting period) for coverage under the plan. Employer E must provide coverage to Employee Z no later than 90 days after Employee Z completes 750 hours of service, which is about one year after Employee Z is hired and begins working part-time. (No Code section 4980H payment applies because Employee Z is part-time.) This is very important and I have not heard this anywhere! Please give your comments, I am not defending this act in the least and I am sure as I read more that I will even be more confused, but this is very clear...Why would a small bus get rid of their employees if their status is in question?.......Again Obamacare to me is a black hole in which I do not believe we can afford, but lets become informed to the max before passing judgment on something most of us have very little knowledge of in its entirety.
Posted on: Tue, 08 Oct 2013 01:26:22 +0000
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