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Short-sellers in limbo waiting for mortgage forgiveness tax relief (LA Times – November 16, 2014)
David Foster, who sold his condo in Chicago last month, isn't plugged in to Capitol Hill's political games. But he has banked the financial future of his family on Congress accomplishing at least one thing during the post-election session: renewing the expired Mortgage Forgiveness Debt Relief Act so that he and his wife and three young children aren't crushed by taxes next year on the $100,000 his lender agreed to cancel as part of a short sale.  Read More…

 
U.S. official sees action on immigration before year-end (Reuters – November 16, 2014)
U.S. President Barack Obama is expected to announce a series of executive actions on immigration issues before the end of the year, Secretary of Homeland Security Jeh Johnson said on Saturday, a move that could anger Republican lawmakers.  Read More…

 

naw2

November 7, 2014


REGULATORY ALERT!


In guidance recently unveiled by the Obama Administration and slated to be published later this month, the Departments of Health & Human Services and Treasury reveal the imminence of regulatory action to render “group health benefit designs that do not provide coverage for in-patient hospitalization services” as non-compliant with the Affordable Care Act’s employer mandate:
“The Departments believe that plans that fail to provide substantial coverage for in-patient hospitalization services or for physician services (or both) (referred to in this notice as Non-Hospital/Non-Physician Services Plans) do not provide the minimum value intended by the minimum value requirement and will shortly propose regulations to this effect with a view to being in a position to finalize such regulations during 2015 and make them applicable upon finalization.”


To read a new NAW Regulatory Alert on this topic, go to:


http://www.naw.org/acaalert


This Alert provides a brief summary ofthe notice and is intended for information purposes only. It does not, nor is it intended, to provide legal or other advice and is not intended to substitute or in any way mitigate the need for employers to obtain the guidance and counsel of their own human resources, health insurance, employee benefits and legal advisors.

 

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