On July 2, Treasury’s Assistant Secretary for Tax Policy, Mark Mazur, announced that the Affordable Care Act (ACA) employer assessments for failure to offer affordable qualified health insurance will not take effect until 2015. Mazur said Treasury will publish formal guidance on this delay (which is a consequence of Treasury’s decision to provide a one-year delay of the ACA’s information reporting requirements) “within a week.”
Highlighting the April 9 visits by more than 60 Texans to members of the 113th Congress and their staffs were one-on-one discussions with both Texas Senators, Republican Whip John Cornyn, a member of the Finance Committee, and Junior Senator Ted Cruz.
A new rating method set to take effect Jan. 1, 2014 will likely result in rate increases of 40-100% for certain employers in Texas. New federal insurance reforms require "Small Employer Group" to be defined as employer groups having 1-100 employees, instead of Texas' current definition of 2-50 employees. "Modified Community Rating" requirements that apply to this group have been shown to result in significant rate increases.
More than 150 insurance and financial advisors from around the country concluded NAIFA's annual Political Involvement/Political Action training meeting with visits to congressional offices Tuesday.
On the occasion of the NAIFA-Texas Conference and Annual Business Meeting, the association took the time to recognize two outstanding leaders for their service.