Medicaid expansion is not a fixed journey, as we’re slowly learning from states like Kentucky and Louisiana. The Wall Street Journal reports a pleasant change in events for the aforementioned …
August 2016
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Affordable Care ActHealth Care Coverage
Troubles With Uber And The “Gig” Economy Extend Overseas
by Robert Sheenby Robert SheenOver the past year, we’ve watched Uber go through a rollercoaster ride. It all started when drivers who at random points throughout the year exceeded a 30 hour work week, …
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Affordable Care ActMinimum Essential Coverage
Minimum Essential Coverage: Looking Ahead Toward 2016 Reporting
by Robert Sheenby Robert SheenLet’s call the details of the Affordable Care Act a work in progress, even still. Since its humble 2010 beginnings, the ACA has evolved based upon the needs of (almost) …
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Affordable Care Act
The ACA’s 2016 Reporting Forms Are Changing: View The IRS Drafts
by Robert Sheenby Robert SheenOver the past two months, the IRS has gradually rolled out ACA reporting forms for 2016. So far? 1094-B and 1095-B have been changed, as well as 1094-C and 1095-C. …
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Employers were given a gift of sorts from the IRS and the ACA when extensions for paper filings were extended to 5/31/16 and electronic filings were extended to 6/30/16. Perhaps …
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Affordable Care Act
New Study Finds That Premiums Are Still Down Thanks To The ACA
by Robert Sheenby Robert SheenOf all the preconceived notions surrounding the Affordable Care Act (ACA), anything money related remains at the forefront. As insurance companies claim financial hits due to reduced marketplace premiums, on …
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Health Care CoverageHealth Insurance Marketplace
Hey Cigna, Welcome To Chicago!
by Robert Sheenby Robert Sheen2016 has been a confusing one for many Americans who question the security of their health insurance providers. As major companies like UnitedHealthcare are swiftly withdrawing from certain exchanges nationwide …
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By the time July kicked off, many employers received notices from the Health Insurance Marketplace aka “the Exchange,” provided by the Affordable Care Act where individuals and families can obtain …
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One of the most talked about issues regarding employers and health care for their employees is under Internal Revenue Code 4980H. This Code, being Shared Responsibility for Employers Regarding Health …
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Affordable Care ActHealth Care Coverage
Deciphering Expatriate Health Plans
by Robert Sheenby Robert SheenExpatriate health plans (or “Expat Health Plans”) have led to much confusion ever since the ACA came into effect in 2010. Simply put, expats (or anyone living/working abroad) struggled with …
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Affordable Care ActPenalties
SBA Posts New Interim Rule on SBA Loan Review Decisions Under the Paycheck Protection Program (PPP)
by Robert Sheenby Robert SheenPenalties are no joking matter when it comes to employers and the Affordable Care Act. A slip up in paperwork, negligence in reporting, or not offering minimum essential coverage to …
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Affordable Care ActHealth Care CoveragePolls/Surveys
Gallup Poll Suggest Health Care Insecurity Is Now At A Record Low, But For How Long?
by Robert Sheenby Robert SheenIn 2008, Gallup—in conjunction with Healthways—started following health care insecurity, keeping track of affordability. Notably, this year marks an all-time low for health care insecurity since tracking began. Gallup-Healthways’ Well-Being Index, a survey …
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Department of Labor (DOL)
The DOL Proposes Revisions To Form 5500: Here’s What We Know So Far
by Robert Sheenby Robert SheenForm 5500 Annual Return/Report of Employee Benefit Plan and Form 5500-SF Short Form Annual Return/Report of Small Employee Benefit Plan may be receiving some changes effective January 1, 2019 should …
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Affordable Care ActAIR
Breathe A Sigh Of Relief: AIR Is Still Available
by Robert Sheenby Robert SheenMany employers have struggled with their health care information reporting for the 2015 tax year. Those difficulties include confusing forms, tedious reporting processes, and technological setbacks. While penalties are perhaps …
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Affordable Care ActForm 1095-CHealth Care Coverage
Understanding Form 1095-C And What To Do About Errors
by Robert Sheenby Robert SheenFor many employers,Form 1095-C is a new document. It is the Employer-Provided Health Insurance Offer and Coverage form, used to report that you have offered health care to full-time employees. …
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Affordable Care ActPremium Tax CreditRegulationsShared Responsibility Payment
IRS Update: Premium Tax Credit And Shared Responsibility Payment
by Robert Sheenby Robert SheenNew regulations have arrived for the ACA’s Premium Tax Credit and Shared Responsibility Payment provisions. For the 2015 tax year, many employers and employees encountered difficulties with regard to the …
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Affordable Care ActHealth Insurance Marketplace
Marketplace Notices: They’re Not (Always) As Bad As You Think
by Robert Sheenby Robert SheenIn May, the ACA Times released an article detailing what exactly a notice from the Health Insurance Marketplace entails. As previously stated, this notice is to inform employers that one …
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Affordable Care ActHealth Care CoveragePenalties
ACA Modifications: We’re Not In 2010 Anymore
by Robert Sheenby Robert SheenWhen the Affordable Care Act (ACA) was first enacted in 2010, it was with the understanding that changes would be made to the ACA after the fact. Health care reform …