Your 2015 tax documents will include a 1095 form (A, B, and/or C) detailing your health coverage for the year. Form 1095-B is used to report health care coverage for …
2016
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ACA ComplianceAffordable Care Act
ACA Reporting: Extensions & Deadlines
by Robert Sheenby Robert SheenFor many employers, this will be the first year of reporting health coverage to the IRS for its employees. Under the Affordable Care Act, applicable large employers (ALE) with 50 …
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Tax Filings
Federal Tax Returns And The Affordable Care Act: Understanding Your Electronic Filing Options
by Robert Sheenby Robert SheenAs we enter the middle of tax season, it’s important to note that the Affordable Care Act may have an impact on the filing of your tax return (click here for more …
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For Affordable Care Act reporting to the IRS, the process is separate from traditional data reporting. AIR, or the Affordable Care Act Information Return System was designed by the government …
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Six states have filed a lawsuit in federal court seeking to strike down regulations that require states to cover the costs of the Health Insurance Providers Fee imposed on their …
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Health Care CoverageSmall Business Health Care Tax Credit
Do You Qualify for the SHOP Tax Credit?
by Robert Sheenby Robert SheenSmall employers who enroll in SHOP (Small Business Health Options Program) health insurance coverage for their employees may be eligible for the Small Business Health Care Tax Credit, which is …
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The IRS has issued a detailed explanation for taxpayers of Form 1095-B, as part of its series of tutorials on the forms that provide information about the information forms related …
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Affordable Care Act
Sen. Vitter Asks How Congress is a Small Business
by Robert Sheenby Robert SheenSen. David Vitter has demanded that the IRS explain why Congress, with more than 12,000 employees and dependents, is classified as a “small business” for purposes of the Affordable Care …
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A three-judge panel of the 11th U.S. Circuit Court of Appeals in Atlanta ruled that four Catholic organizations were not “substantially burdened” by the procedure which allows religiously affiliated nonprofit …
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Affordable Care ActMedicaid
Wyoming’s Governor Loses on Medicaid Expansion
by Robert Sheenby Robert SheenDespite vocal support by Wyoming Gov. Matt Mead, a Republican, the State Senate rejected a proposal to expand Medicaid. The vote means Wyoming will not receive $268 million in federal …
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Affordable Care ActHealth Care Coverage
Reminder and How-To on Shared Responsibility Payments
by Robert Sheenby Robert SheenThe IRS issued a reminder that the Affordable Care Act requires individuals to have qualifying health care coverage, qualify for an exemption, or make a “shared responsibility payment” when filing their …
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Affordable Care ActCadillac Tax
“Cadillac Tax” Will Lower Premiums, CBO Says
by Robert Sheenby Robert SheenThe so-called “Cadillac Tax” on high-cost employer-based health insurance plans that will be imposed starting in 2020 will result lower premium costs for the affected employees, and billions in additional …
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While most taxpayers will simply need to check a box on their tax returns to indicate they had health coverage for all of 2015, the IRS points out that there …
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Affordable Care Act
Former Governor Hopes to Save Kentucky’s Exchange
by Robert Sheenby Robert SheenKentucky’s previous governor, Democrat Steve Beshear, has launched a statewide petition drive aimed at saving KYNECT, the state exchange implemented during his term, along with the state’s adoption of Medicaid …
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Despite high rates of chronic disease and poor health outcomes in the American south region, only seven of the 17 states in the region have adopted the Medicaid expansion made …
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Eight states showed “statistically significant” improvements during 2015 in the percentages of their working-age populations that have health insurance, according to a federal study. The states were Arizona, California, Colorado, …
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Affordable Care Act
Coverage Differences at Large and Small Companies
by Robert Sheenby Robert SheenIn 2006, the percentage of employees with ded Despite the changes in the health insurance market resulting from the Affordable cost_of_careCare Act, large differences remain in the insurance coverage offered …
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Many Americans signing up for new health care policies are receiving an unwelcome surprise: higher deductibles. Insurance plans, whether obtained through an employer or purchased individually via Affordable Care Act …
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Affordable Care Act
12.7 Million Select Plans During Open Enrollment
by Robert Sheenby Robert SheenAbout 12.7 million consumers selected health insurance plans through the Health Insurance Marketplaces during the 13 weeks of Open Enrollment, the Department of Health and Human Services announced. Of the …
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Individuals may receive forms in the next few months which provide information about health care coverage they were offered during 2015. The forms are for use by these individuals when …
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California voters this November will have the opportunity to decide whether the state should control the cost of prescription drugs. The ballot proposition would require the state to negotiate prices …
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Affordable Care ActHealth Care CoveragePolls/Surveys
Over 103,000 Selected Plans in Week 12
by Robert Sheenby Robert SheenMore than 103,000 consumers selected Affordable Care Act health insurance plans through the Healthcare.gov online marketplace during the 12th week of open enrollment, according to the “weekly snapshot report” issued …
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Affordable Care ActHealth Care CoverageLegislationPolitical PartiesPolls/Surveys
Voters Say The ACA Is Not a Key Issue
by Robert Sheenby Robert SheenWhile many Republicans in Congress and on the campaign trail vilify the Affordable Care Act, American voters across the country are not particularly focused on the health care law as …
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Affordable Care ActPolls/SurveysRegulations
Medicaid Enrollment and Efficiency Are Improving
by Robert Sheenby Robert SheenState Medicaid and children’s health insurance programs have become significantly more efficient in their operations and more effective at enrolling those who qualify for coverage. As a result, more people …
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LegislationRegulations
2016 Massachusetts Insurance Mandate Penalties
by Robert Sheenby Robert SheenMassachusetts residents who fail to comply with the state’s mandatory health insurance requirement – widely regarded as a model for the Affordable Care Act – may be subject to penalties …
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A year after federal regulators barred employers from offering so-called “skinny” Affordable Care Act health plans that did not pay for hospital stays, some employers are presenting workers with plans …
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More than 153,600 consumers selected Affordable Care Act health care plans through the Healthcare.gov online marketplace during the 11th week of open enrollment, according to the “weekly snapshot report” issued …
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The Supreme Court declined to consider a new constitutional challenge to the Affordable Care Act that was based on the way the law was enacted. The Pacific Legal Foundation, representing Iowa …
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Affordable Care ActPremium Tax Credit
Understanding The Premium Tax Credit
by Robert Sheenby Robert SheenIf you or anyone in your family enrolled in an Affordable Care Act health insurance plan through the federal Healthcare.gov health insurance marketplace or a state exchange, you may be …
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Affordable Care ActPolls/Surveys
High Deductibles Don’t Promote Price Shopping
by Robert Sheenby Robert SheenWill consumers make more cost-effective choices of health services and doctors if they are spending their own money? Common sense suggests they would, but researchers have found that consumers don’t …
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Affordable Care ActLawsuits
Kentucky To Shut Its Exchange, Contrary to Trend in Other GOP States
by Robert Sheenby Robert SheenKentucky Gov. Matt Bevin has announced plans to shut down Kynect, the state’s highly successful marketplace for Affordable Care Act health insurance, and switch to the federal Healthcare.gov platform. The …
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Affordable Care ActHealth Care CoverageIRSRegulations
Tools for Estimating ACA Credits and Fees
by Robert Sheenby Robert SheenThe IRS has developed tools for individuals and employers to estimate their credits and payments related to the Affordable Care Act . The tools, available online, provide only an estimate …
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Affordable Care ActHealth Care Coverage
74,000 Selected Plans in Week 10
by Robert Sheenby Robert SheenMore than 74,200 consumers selected Affordable Care Act health care plans through the Healthcare.gov online marketplace during the tenth week of open enrollment, according to the “weekly snapshot report” issued …
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Health Care CoveragePrescription Drugs
Drug Makers Continue To Raise Prices
by Robert Sheenby Robert SheenDespite criticism from patients, insurers and lawmakers, pharmaceutical companies have continued to increase the cost of drugs, with many hiking prices by 10% or more just before or after the New Year. …
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Affordable Care ActHealth Care Coverage
Study: ACA Has No Effect on Hours Worked
by Robert Sheenby Robert SheenShortly after the passage the Affordable Care Act, many economists predicted that the law would cause employers to slash workweeks to less than 30 hours, to avoid having to provide …
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Affordable Care ActApplicable Large Employer (ALE)Health Care Coverage
Are You an Applicable Large Employer?
by Robert Sheenby Robert SheenBecause an applicable large employer (ALE) is subject to the Affordable Care Act’s requirements for information reporting and the health law’s employer shared responsibility provisions, the IRS has provided a …
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More than 83,000 consumers selected Affordable Care Act health care plans through the Healthcare.gov online marketplace during the ninth week of open enrollment, according to the “weekly snapshot report” issued …
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Affordable Care ActHealth Care CoverageRegulations
New Features in the SHOP Marketplace
by Robert Sheenby Robert SheenThe Small Business Health Options Program (SHOP) Marketplace, which serves small employers who want to provide health and dental coverage to their employees, has added new features for 2016. To …
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Affordable Care ActHealth Care CoverageRegulations
The ACA Individual Mandate and Your Tax Return
by Robert Sheenby Robert SheenThe Affordable Care Act requires individuals, their spouses and dependents to have qualifying health care coverage for each month of the year; to qualify for a health coverage exemption; or …