Blog

Arrow Wins

North Bay Business Journal’s Best Places to Work!

We are thrilled to announce that we’ve just won North Bay’s Best Place to Work award from our com­mu­ni­ty and team nom­i­na­tions. This is espe­cial­ly mean­ing­ful to us because the award is based on indi­vid­ual inde­pen­dent rank­ings from our own team members.

We look for­ward to con­tin­u­ing our com­mit­ment to our com­mu­ni­ty by serv­ing those in it to our very best. Thank you every­one at team Arrow!

Stay Tuned

Legislation Designed to Repeal the Cadillac Tax

One of the more obscure, but impor­tant, pro­vi­sions of the Afford­able Care Act was the impo­si­tion of the so called “Cadil­lac Tax.”

We’re not sure what Cadil­lacs cost these days, but appar­ent­ly they are a Wash­ing­ton stock in trade. The statute, which does not come into play until 2018, is designed to penal­ize plans that cost an “exces­sive amount” which, as the orig­i­nal ACA said, are those plans that have an annu­al cost over $10,200 for an indi­vid­ual and $27,500 for an employ­ee cov­er­ing depen­dents. Any cov­er­age cost amount over that thresh­old will be charged off at 40% — and this charge is imposed on the car­ri­er, not the employ­er or the employ­ee direct­ly. The car­ri­ers, of course, will pass this on in the form of even high­er pre­mi­ums. Note that the total cost of cov­er­age also includes HRA, HAS Or FSA contributions.

This was not a major item of atten­tion, but now as 2018 is on the not too dis­tant hori­zon, it has attract­ed the atten­tion of unions, employ­ers, con­sumers and politi­cians.  So, the bat­tle begins.

There are already three pieces of leg­is­la­tion designed to repeal the Cadil­lac tax so stay tuned…it’s going to be a bumpy ride but Arrow will def­i­nite­ly be here to help you gauge the lev­el of expo­sure and apprise you of the cur­rent state of risk.

Please con­tact us any­time to talk and ask ques­tions about the impact of this impor­tant shift to your business.

Keeping Up

The Latest Industry Updates

As the New Year approach­es and new laws and reg­u­la­tions come into effect check-in with our new ref­er­ence library of indus­try White Papers & Ref­er­ence Materials.

We now offer infor­ma­tion on a vari­ety of per­ti­nent top­ics writ­ten and dis­cussed by Arrow team experts to keep you informed and up-to-date with the industry.

Find top­ics list­ed on our home­page — pick an issue and click here to read.