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  • Small business tax credits are set to increase. Small businesses with no more than 25 employees and no more than $50,000 of average annual wages can take advantage of up to a 50% tax credit when the employer contributes at least 50% of the employee-only premium cost.
  • Minimum value determination. Whether eligible employer-sponsored plans provide minimum value will be relevant to eligibility for the premium tax credit and application of the employer shared responsibility payment.
  • Transitional relief for informational reporting. This will allow employers time to adapt their health coverage and reporting systems. Employers are encouraged to voluntarily comply with reporting 2014 information once the Employer Shared Responsibility Provisions are in full effect in 2015.
  • Market reforms apply to certain types of group plans. Notice 2013-54 explains how the Affordable Care Act’s market reforms apply to certain types of group plans, including health reimbursement arrangements (HRA’s), health flexible spending arrangements (health FSA’s), and certain other employer healthcare arrangements. The notice applies for plan years beginning on and after January 1, 2014.

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