Welcome to CFA! For more than 30 years, Carolina First Associates, LLC has been providing insurance and employee benefits consulting services to the business community. Within our infrastructure, we have a Small Business Center which caters to individual life and health insurance needs. Built upon a tradition of integrity, industry leadership and excellence, we are committed to providing solutions in the areas of employee benefits, human resources, compliance, wellness strategies and employee education. CFA delivers professional services and technology-based solutions that allow us to work closely with our clients to create unique benefits strategies that appeal to employees and are sensitive to the bottom line.
Experience, unparalleled service and creativity are what define us. Our goal is to achieve a long-term relationship with our clients centered on the development of value based solutions and excellent service. We are committed to utilizing our collective talents to support the needs of your company. The needs of each client are specific, and require thoughtful strategic planning to develop tailored business solutions. Let CFA provide solutions for your company! Thanks for visiting our site!
Proposed Rule Released on Minimum Value and Affordability
On May 3, 2013, the Internal Revenue Service (IRS) released a proposed rule on the minimum value and affordability rules under the Affordable Care Act (ACA). In this proposed rule, the IRS provides guidance on determining whether health coverage under an employer-sponsored plan is affordable and provides minimum value for purposes of determining the employer “pay or play” penalties. In particular, the proposed regulation:
* Explains how to calculate minimum value (MV);
* Outlines special rules for determining how health reimbursement arrangements (HRAs), health savings accounts (HSAs) and wellness program incentives are counted in determining MV and affordability; and
*... click here for more
Exchange Health Insurance Subsidies
The Affordable Care Act (ACA) calls for the creation of state-based competitive marketplaces, known as Affordable Health Insurance Exchanges (Exchanges), for individuals and small businesses to purchase private health insurance. According to the Department of Health and Human Services (HHS), the Exchanges will allow for direct comparisons of private health insurance options on the basis of price, quality and other factors, and will coordinate
eligibility for premium tax credits and other affordability programs.
The ACA created health insurance subsidies, in the form of premium tax credits and cost-sharing reductions, to help eligible individuals and families purchase health insurance... click here for more
We establish multi-year strategies for clients through the development of cost effective, value based employee benefit plans, by incorporating integrated programs that are technology based and will result in maximizing levels of human resource efficiencies, incorporate programs for controlling healthcare costs, and yield a healthier more educated and engaged workforce.
How is this done? Click here to find out >>