Laurie Savage is a compliance professional and subject matter expert on the Affordable Care Act (ACA) for Paychex Inc. Specializing in Health Care Reform at both the state and federal level, since 2007, she has helped Paychex assess the regulatory and legislative implications that affect their clientele. Additionally, Laurie has also been called upon to research and vet due diligence efforts for both domestic and international opportunities for her organization. For over 13 years, Laurie has focused on compliance and risk management principles while ensuring her company meets industry standards.
Laurie holds a master’s degree in Labor and Policy Studies from the State University of New York and an undergraduate degree in Commerce from Queen’s University in Canada.
WORX Content from this Author
Employers should be prepared for what to expect from the Internal Revenue Service if they did not meet the requirements under the Employer Shared Responsibility provision of the Affordable Care Act. If employers receive notification from the IRS, they should respond as quickly and thoroughly as possible because the fines can be financially devastating.
A U.S. District Court decision in Texas v. U.S. rendered the Affordable Care Act individual mandate unconstitutional and invalidated the rest of law. However, the law is still in effect and appeals are expected.
With IRS-defined eligibility requirements, employers can claim tax credit of up to 25 percent of the benefit they pay to workers under the Family and Medical Leave Act.
Last year's Tax Cuts and Jobs Act affects individuals in high-tax states who itemize deductions, limiting the SALT deduction. Get more details in this article.
The IRS has issued proposed regulations on the new tax deduction for certain qualified business profits on entities other than C-corporations. The change was contained in the federal tax overhaul passed late last year.
Employers may feel a significant indirect impact from the final rule on short-term, limited-duration health plans, as it could affect employees' healthcare needs and health insurance markets nationwide.
Following the DOL's ruling last week on association health plans, these types of plans could now be easier to form, and give employers another option to support their workers' health care needs. But there are many details around AHPs. Learn more about them now.
Following feedback from the payroll and tax communities, the Treasury Department and IRS are postponing a release of substantial changes to the W-4, which were originally anticipated in 2019.
Uncertainty about federal changes to the Affordable Care Act has spurred state-level efforts to structure and stabilize their health care markets. New Jersey is the latest, with the recent passage of its individual mandate requirement. Read on for important details.
A recent Notice of Benefit and Payment Parameters for 2019 modifies rules related to the Affordable Care Act, and further shifts decisions back to the states. This article explains in detail how such developments may impact employees' demand for access to employer-sponsored health benefits.
Part of the tax reform law includes negating the individual mandate penalty to zero beginning next year. But some states are working to create their own version of an individual mandate as a way to keep up the numbers of people covered by health insurance. Here are some important details.
Following findings from a recent audit report, employers should expect the IRS to ramp up efforts to attain data and tighten processes around ESR penalties. Read on to learn more about the findings in this report and what they could mean for your business.
In compliance with the recent tax code overhaul, the IRS has set a new revenue procedure that adjusts inflation amounts in the 2018 tax year. Here's a glimpse of what's changed.
The IRS just released a new 2018 Form W-4. Do your employees need to fill out a new one? Does tax withholding under the new law work with the old form? While several aspects of federal tax withholding provisions are still to come, here's what we know so far from the IRS.
Although questions remain about the paid family and medical leave tax credit that's been made available as part of tax reform, the details we do know can be complex. Here's a brief explanation.
On January 23, 2018, Congress passed and the president signed into law a bill to provide continued government funding until February 8. The Bill includes provisions related to health care and/or the Affordable Care Act.
On Jan. 4, 2018, the U.S. Department of Labor (DOL) issued proposed regulations that would expand access to health coverage by allowing more employers to form association health plans (AHPs).
The IRS has released new tax withholding tables, and will require employers to implement the updated calculation soon. Get more details here, including the implementation deadline, adjusted withholding rates, how the Form W-4 factors in, and more.
It's expected that the IRS will design an updated W-4 for tax year 2019. When this happens, employers may have their work cut out for them. Learn more about this development from the recent tax reform law.
The IRS has extended deadlines for employers to furnish forms as part of their Affordable Care Act requirements. Here are some key details and important dates to know.
The Senate and House have passed the tax reform bill, and the president has signed it into law. Get details on how the changes impact businesses and individuals in 2018 and beyond.
The Senate passed its tax reform bill, the Tax Cuts and Jobs Act, following an early morning vote Dec. 2. Get details on the significant amendments made to the bill, and next steps for Congress.
The Senate has made significant adjustments to its initial tax reform proposal, most notably reducing the Affordable Care Act's individual mandate tax penalty to $0. Take a look at the amendments made.
The Senate and House have now both released proposed bills for revising the federal tax code. Learn how the two versions are different, and what lies ahead for tax reform legislation.
The IRS announced it will begin issuing employer shared responsibility assessments in late-2017 to employers that weren't in ACA compliance in 2015. Here's what to do if you receive a notice.
Republicans in the House on Thursday released legislation to overhaul the federal tax code. Learn the key features included in this version, and what's been left out.
The IRS is back on track in fulfilling and enforcing ACA requirements, as evidenced by new guidance about individual tax returns that don't address health coverage requirements. Read on to learn what you and your employees should do.
The morning of Oct. 26, 2017, the House of Representatives passed the Senate version of the federal budget blueprint. The vote passed 216-212, with 20 Republicans and all Democrats voting against it.
The President signed an executive order this week directing federal agencies to review regulations for association-sponsored health insurance plans, short-term health plans, and HRAs. Keep reading to learn what this executive order could mean for the health insurance you offer.
The IRS has published final instructions for Forms 1094-C and 1095-C. Filing can come with many complexities, so take a look at what you need to know, and where you can find help if you're an applicable large employer.
Following the GOP's final attempt and failure to repeal and replace the Affordable Care Act this week, many questions remain, one of them being: What does the future look like for health reform? We outline some options.
A final push by Senate Republicans to repeal and replace the Affordable Care Act is under way. Here's a breakdown of the Graham-Cassidy bill.
The IRS recently published this year's draft instructions for Forms 1094-C and 1095-C. Filing standards for 2017 are expected to be more rigid than in previous years, which is why you should make sure your business takes the necessary steps for to prepare.
The Congressional Budget Office (CBO) released its analysis of the Senate's legislation to repeal and replace various provisions of the Affordable Care Act. Read on to learn what the CBO found as part of its score.
The Better Care Reconciliation Act of 2017 was unveiled by U.S. Senate Republicans on Thursday. Read on for details of this legislation and what the next steps are now that it has been introduced.
On July 13, Senate Republicans revealed their latest version of a bill to partially repeal and replace the Affordable Care Act. Take a look at some issues and updates - both anticipated and unexpected - that appear or didn't materialize in this latest version.
The Senate's repeal and replace efforts have made headlines this week, but where do we stand as the week comes to a close? According to Paychex senior compliance analyst Laurie Savage, a great deal of uncertainty remains following a volatile week.
In an early vote of 49-51 on July 28, the U.S. Senate rejected the Health Care Freedom Act. The ACA remains the law of the land, but what else should businesses know about the impact of this vote?
While not a legislative proposal, President Trump's 2018 federal budget calls for tax reform legislation, changes to Medicaid, the assumed passage of the American Health Care Act, and paid parental leave programs. Take a look at the numbers and what they could mean for individuals and small businesses.
On Thursday, May 4, 2017, Republican leaders ushered through a vote on the American Health Care Act (AHCA). Find out what's next for health care.
The Congressional Budget Office released its updated score on the House's legislation to repeal and replace various provisions in the Affordable Care Act. Get more details from this much anticipated report.