4Thought Blog


Could an Association Health Plan Work for Your Privately-Held Business?

Posted by Concannon Miller on Tue, Aug 7, 2018

Association health plans (AHPs) are health benefit policies made available to small employers through a group purchasing arrangement for the benefit of association members and their employees.

Under the old rules, AHP availability was limited to tightly linked employers (such as parent-child companies). Under new regulations issued by the Department of Labor on June 19, "an AHP now could offer coverage to some or all employers in a state, city, county, or a multi-state metro area, or it could offer coverage to businesses in a trade or industry group nationwide."

The term "now" in that statement is somewhat misleading, as AHPs won't kick in until April 2019 for new associations creating self-funded plans. Existing AHPs will be able to reconstitute themselves under the new regulations in September.

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Topics: Health care, Business consulting

Affordable Care Act Taxes Remain With Possible Repeal in Limbo

Posted by Concannon Miller on Thu, Aug 3, 2017

In a dramatic session that went into the early hours of the morning of July 28, a bill to repeal parts of the Affordable Care Act (ACA) — but retain others — failed to capture enough votes in the U.S. Senate. Senators Susan Collins (R-ME), John McCain (R-AZ) and Lisa Murkowski (R-AK) broke ranks with Republicans in the 51-49 vote against the bill, dubbed a “skinny repeal” of the law.

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Topics: Health care, Business tax planning

The American Health Care Act: What Business Owners Should Know

Posted by Concannon Miller on Thu, Jun 15, 2017

The health care debate in Washington is far from settled. President Trump this week called the American Health Care Act passed by the House in early May “mean” and Republican Senators are working on their own version of the bill.

But it’s likely some portions of the AHCA will make it into the Senate bill. Here’s what business owners should know about it:

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Topics: Health care, Business tax planning

New Law Allows Small Employers to Provide Affordable Health Benefits

Posted by Concannon Miller on Thu, Dec 29, 2016

The new federal law has opened an avenue for small employers to provide health benefits to employees at an affordable cost.

On December 13, 2016, President Obama signed into law the 21st Century Cures Act. In addition to funding medical research, accelerating cutting-edge treatments for rare diseases and adding significant reforms to the mental health system, the new legislation allows small employers to provide standalone Health Reimbursement Arrangements (HRAs) to employees without paying penalties imposed by the Affordable Care Act (ACA).

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Topics: Health care

Top Taxes Americans Love to Hate

Posted by Concannon Miller on Thu, Jul 28, 2016

Few people enjoy giving money to the IRS, but some types of taxes are viewed more unfavorably than others.

Here are three worthy candidates vying for the title of most-hated tax:

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Topics: Individual tax planning, Business tax planning, Health care

Looking to Reduce Health Care Costs? Check Out This Tax Credit for Small Businesses

Posted by IRS on Fri, Jun 17, 2016

If you are a small business owner, there is a tax credit that can put money in your pocket.

The Small Business Health Care Tax Credit benefits employers that:

  • have fewer than 25 full-time equivalent employees
  • pay an average wage of less than $50,000 a year
  • pay at least half of employee health insurance premiums
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Topics: Business tax planning, Health care, Small business

IRS Delays Some Affordable Care Act Requirements for Employers

Posted by Tony Bragano on Wed, Dec 30, 2015

The IRS this week granted a bit of a reprieve on some Affordable Care Act reporting requirements.

The IRS has extended the deadline for providing Form 1095-C to full-time employees from February 1, 2016 to March 31, 2016. The deadline for filing the forms with the IRS also was extended from February 29, 2016 to May 31, 2016 if filing on paper and from March 31, 2016 to June 30, 2016 for electronic filings.

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Topics: Health care

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