MODERN EMPLOYER:
Helping you make sense
of the evolving HR landscape.

The IRS Is Making Its Move on PPACA…(Cue “Jaws” theme song)

Posted on: May 23rd, 2012 | Category: Government Regulatory & Compliance Issues, HR Support & Project Work, Human Resources, Our Blog, Talent Management

Is the IRS is circling PPACA like a great white, waiting to strike?

Da-dum…da-dum…da-dum-da-dum-da-dum-da-dum…

The Internal Revenue Service (IRS) has begun to circle the Patient Protection and Affordable Care Act (PPACA), and 2014 is still a year and a half away. That is the year when the federal legislation is supposed to go into affect and will require employers with more than 50 employees to offer minimal essential health coverage to their workers or be subject to a penalty. According to an informative post over at Employee Benefit News, the IRS released three notices recently that signal how it will potentially approach some key issues under the employer shared responsibility portion of the act. Right now, the agency is seeking comments on these issues, which will eventually be addressed in more fun IRS regulations for employers, to be sure.

Yay?

“It’s a nerve-wracking time for employers right now, on many levels. Obviously, they worry about the costs they will have to bear regardless of how their businesses are doing financially. But the legislation also affects hiring, because companies want to remain competitive when vying for talent, and there is a genuine concern out there about how the Patient Protection and Affordable Care Act will affect their ability to provide an attractive overall benefits and salary package,” says says Kelly Coblentz, PHR, hireVision’s Director of HR Services. “When you are not an big firm, this type of thing really affects your recruiting and retention efforts, regardless of what the law’s other health care provisions are.”

Keep in mind that the act is still under review by the Supreme Court, with a decision on the constitutionality of it expected sometime in June. It’s impossible to know for sure what direction the reforms will go between now and 2014, so be sure to keep an eye on the legislation’s journey and buckle your seat belts, folks. We are most likely in for a wild ride.

Hiring or HR issues have you stumped? Email or call us at 610-443-0119 to discuss how hireVision’s Hiring Management Partnerships and  HR Partnering Services can help.

Please fill out the form below or call 610.443.0119 to learn more about what our modern HR services can do for you. We’ll get back to you within one business day—most likely less!
  • This field is for validation purposes and should be left unchanged.

myHR Partner’s periodic publication, MODERN EMPLOYER, is created for business executives, owners and HR professionals who want to maximize their human resource functions using progressive hiring and HR strategies. It’s informative, fun and practical. Oh, and it’s FREE too!

You’ll discover:

  • Tips on hiring, screening, and interviewing
  • Creative ideas to help retain your best employees
  • Ways to put the “human” back in Human Resources
  • How to perform effective reference checks
  • New HR regulations and how they affect you and your employees
  • How small changes in certain processes can have big results
  • How to tell when partnering with an outside provider is in your best interest
  • This field is for validation purposes and should be left unchanged.