The number of uninsured Americans is now at record low thanks to the Affordable Care Act. In a study conducted by the National Health Interview Survey over the first three …
September 2016
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Premium Tax CreditTax Filings
Late Filers: Is Your Premium Tax Credit In Jeopardy?
by Robert Sheenby Robert SheenFor those who received an advance payment for the Premium Tax Credit, yet have extended their 2015 tax return filing or don’t file at all, there’s something you should know. …
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ACA Compliance
More Tips On Avoiding Penalties During ACA Information Reporting
by Robert Sheenby Robert SheenEmployers have lost a significant margin of error when it comes to ACA information reporting in 2016. As previously discussed, as the good faith standard for incomplete or inaccurate reporting …
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The IRS has revealed some more drafts for their 2016 reporting forms, and already things have changed. You may recall in an earlier ACA Times article where the topics of …
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ACA ComplianceAffordable Care Act
Guess Which State Is Taking A Step Toward Correcting Employee Misclassifications?
by Robert Sheenby Robert SheenSince 2015, the topic of employee misclassification has been a hot one. Thank companies like Dave & Busters—who came under fire for allegedly doctoring hours to fall below the ACA’s …
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Affordable Care ActHealth Care CoveragePolls/Surveys
The ACA Brings Another Win To California
by Robert Sheenby Robert SheenIn the 4th Kaiser Family Foundation Longitudinal Panel Survey, some impressive findings surround the state of California. The survey polled a randomly selected pool of uninsured adult Californians and tracked …
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Affordable Care Act
The ACA Comes Under Fire Again For Allocations Of Funds
by Robert Sheenby Robert SheenOnce again furthering the rift between the Democrats’ and Republicans’ respective opinions of the Affordable Care Act, cost-sharing reductions return to question. In a hearing held in July, a representative …
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The IRS has released the draft Form 1095-C, which clarifies coding for coverage for COBRA. At the start of 2016, the FAQ section of the IRS site no longer provided …
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MedicaidPolls/Surveys
Medicaid Expansion Proves Big Wins In Kentucky And Arkansas
by Robert Sheenby Robert SheenThink Medicaid expansion doesn’t help those in need? Think again. In a study from the Journal of American Medical Association (JAMA) Internal Medicine released in August, states which have expanded …
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With ACA reporting deadlines approaching soon, the IRS has issued draft updates to forms 1094-C and 1095-C which large employers must use to report on certain health plan information to …
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Affordable Care ActPenaltiesRegulations
ACA Penalties For Missing Information? Maybe Not, If You Act Responsibly
by Robert Sheenby Robert SheenAt the close of July, the IRS issued proposed regulations around the filing of forms 1094 and 1095. Under IRC 6055, certain large employers must file information returns 1094 and …
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Affordable Care ActHealth Care Coverage
Form 5500’s Proposed Changes: An Update
by Robert Sheenby Robert SheenNews that the DOL planned to change Form 5500 surfaced several weeks ago and now more information has become available. In line with recent increased focus from the DOL and …