Employee Benefits Blog

Archives for 2015

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Individual Health Insurance Policies and the ACA: IRS Issues Additional Guidance

On February 18, the IRS issued Notice 2015-17 to provide yet more guidance on the applicability of the “market reform” provisions of the Affordable Care Act to arrangements under which an employer pays for, or reimburses the cost of, some or all of the cost of an employee’s individual health insurance premiums.  This guidance is the latest in a series of pronouncements issued by the IRS and the Department of Labor over the past couple of years.  (We previously wrote about the prior guidance here.)

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Tom Brady and the Super Bowl Truck: Can He Avoid the Sack?

Like most New Englanders, we at BNN are still basking in the afterglow of the Patriots’ exciting and improbable Super Bowl victory over the Seahawks. As has been widely reported, Tom Brady was named the Super Bowl Most Valuable Player for orchestrating the two fourth quarter touchdown drives that left the Patriots up by 4 points with just over 2 minutes to play. As the award winner, he was presented a 2015 Chevrolet Colorado truck worth roughly $34,000. However, he has announced that he will transfer the truck to rookie cornerback Malcom Butler, whose phenomenal last-minute interception snatched victory from the jaws of defeat.

Posted Under: Gift tax, Prizes and awards