The New HRA Regulations Explained

The New HRA Regulations Explained

July 28, 2021 Earlier this year the IRS released final regulations regarding the relationship between Employer Shared Responsibility Provisions (ESRP) and individual coverage Health Reimbursement Arrangements (HRAs). And then they were withdrawn by Read More
Special Enrollment Period Doubles Enrollees, Final Month Approaches

Special Enrollment Period Doubles Enrollees, Final Month Approaches

July 26, 2021 In June, the ACA’s special enrollment period garnered 1 million sign-ups through the federal health exchange, HealthCare.gov. A month later and the number of enrollees has doubled. On July 14, Read More
The Look-Back Measurement Method Can Help Prevent ACA Penalties

The Look-Back Measurement Method Can Help Prevent ACA Penalties

July 23, 2021 Determining the accurate full-time employee count during a calendar year is important for Affordable Care Act compliance. Classifying employees incorrectly can lead to inaccurate information being submitted to the IRS Read More
IRS Issues Draft ACA Reporting Instructions for 2021

IRS Issues Draft ACA Reporting Instructions for 2021

July 19, 2021 The IRS recently released its draft 1094-C and 1095-C instructions for the 2021 tax year. We’ve identified the changes below.  It appears that Form 1094-C will remain the same, but Read More
IRS Begins Issuing Letter 5699 For 2019 Tax Year

IRS Begins Issuing Letter 5699 For 2019 Tax Year

July 14, 2021 We’ve heard from our partners and brokers that the IRS has begun issuing Letter 5699 to employers for the 2019 tax year. Officially called “Missing Information Return Form 1094/1095-C,” Letter Read More
The IRS’s Forms 1095 For the ACA Explained

The IRS’s Forms 1095 For the ACA Explained

July 9, 2021 A number of changes were introduced to the health insurance marketplace with the passage of the ACA in 2010. From different reporting forms and health insurance plan requirements to the Read More
The Annual ACA PCORI Fees Are Due in August

The Annual ACA PCORI Fees Are Due in August

July 6, 2021 The annual PCORI fees deadline is always July 31. Since that falls on a Saturday this year, however, employers and health insurers offering self-funded health insurance plans will need to Read More
ACA Survives Supreme Court, Focus Shifts to More Advancements

ACA Survives Supreme Court, Focus Shifts to More Advancements

June 29, 2021 Earlier this month the Supreme Court issued its decision to uphold the ACA, dismissing the challengers who asserted it was unconstitutional. So, what happens next? Now that the healthcare law Read More
Understanding ACA Forms 1094-C/1095-C

Understanding ACA Forms 1094-C/1095-C

June 25, 2021 Employers required to comply with the ACA’s Employer Mandate must report their full-time employee’s healthcare information to the IRS annually via forms 1094-C and 1095-C, but what exactly are these Read More
ACA Upheld By SCOTUS, Remains Law of The Land

ACA Upheld By SCOTUS, Remains Law of The Land

June 21, 2021 On Thursday, June 17, the Supreme Court of the United States struck down the case that asserts the ACA is unconstitutional, without even ruling on the underlying argument. In a Read More
These Common Mistakes Can Result in ACA Penalties

These Common Mistakes Can Result in ACA Penalties

June 18, 2021 3 min read ACA compliance can be time-consuming and complex. There is a myriad of issues that can arise during the course of the year that can make employers’ annual Read More
3 Signs The IRS is Increasing Efficiency in ACA Enforcement

3 Signs The IRS is Increasing Efficiency in ACA Enforcement

June 17, 2021 4 min read It is a sign of good government that agencies tasked with enforcing complex statutes increase efficiency over time. When the Patient Protection and Affordable Care Act (ACA) Read More
ACA Sees Record-Breaking 31 Million Enrollees

ACA Sees Record-Breaking 31 Million Enrollees

June 15, 2021 A record-breaking 31 million Americans have obtained ACA healthcare coverage, according to new data issued by the Department of Health and Human Services (HHS). The data, based on enrollment information Read More
The ACA’s Future Hangs in the Balance

The ACA’s Future Hangs in the Balance

June 10, 2021 3 min read The Supreme Court case in which the Justices consider whether the Affordable Care Act is unconstitutional without the Individual Mandate will see a judicial decision any day Read More
IRS 4980H ACA Penalties Are Forever

IRS 4980H ACA Penalties Are Forever

June 8, 2021 3 min read The IRS announced that there is no statute of limitations for ACA penalties. What does that mean exactly? Simply put, it means that the ACA non-compliance penalties Read More
What you Need to Know About IRS Letter 5699

What you Need to Know About IRS Letter 5699

June 4, 2021 2 minute read With the IRS ramping up enforcement of the ACA, employers should keep their eyes peeled for the penalty warning notice, Letter 5699. Responding promptly and accurately to Read More
ACA Special Enrollment Period Garners 1 Million Enrollees

ACA Special Enrollment Period Garners 1 Million Enrollees

June 2, 2021 3 min read President Biden’s special enrollment period has already generated 1 million additional sign-ups on the federal ACA health exchange. New Health and Human Services (HHS) Secretary Xavier Becerra Read More
Get to Know the ACA’s Rule of Parity

Get to Know the ACA’s Rule of Parity

May 28, 2021 3 minute read Without the proper tools or subject matter expertise, tackling the responsibilities of the Affordable Care Act’s Employer Mandate on your own can be overwhelming.  This is especially Read More
ACA State Reporting Deadline for California is May 31

ACA State Reporting Deadline for California is May 31

May 25, 2021 3 min read May 31 is the deadline for self-insured employers and health insurance carriers to submit applicable ACA information to the California Franchise Tax Board (FTB) for the 2020 Read More
IRS Limited Non-Assessment Periods Help Avoid ACA Penalties

IRS Limited Non-Assessment Periods Help Avoid ACA Penalties

May 21, 2021 4 minute read The Employer Shared Responsibility Provisions (ESRP) under the Affordable Care Act may seem straightforward, but, in reality, complying with them can be challenging and time-consuming. An area Read More
ACA Employer Penalties Are Real and The IRS Will Be Issuing More

ACA Employer Penalties Are Real and The IRS Will Be Issuing More

May 20, 2021 3 min read ACA reporting for the 2021 tax year may not be top of mind for employers right now, but that doesn’t mean you shouldn’t be aware of the Read More
Your ACA State Filing Questions Answered

Your ACA State Filing Questions Answered

May 18, 2021 3 minute read: We recently hosted a webinar on the growing number of states requiring ACA reporting in addition to federal filing with the IRS. With the 2020 tax year Read More
ACA Rule From Trump Era is Struck Down

ACA Rule From Trump Era is Struck Down

May 13, 2021 3 minute read: A federal court recently invalidated significant parts of a Trump administration rule affecting the Affordable Care Act (ACA). What this decision means and how it could impact Read More
American Rescue Plan Introduces New Changes to COBRA

American Rescue Plan Introduces New Changes to COBRA

May 11, 2021 3 minute read: Biden’s American Rescue Plan (ARP) has reshaped the way Americans receive and qualify for healthcare coverage, including COBRA. Before diving into the specifics of how the ARP Read More
How to Handle ACA Filing Corrections With the IRS

How to Handle ACA Filing Corrections With the IRS

May 7, 2021 3 minute read: If you found yourself in a situation where you received receipt of your ACA information returns for 2020 with a status of “Accepted with Errors,” you’re not Read More
IRS Affordability Safe Harbors Help Avoid ACA Penalties

IRS Affordability Safe Harbors Help Avoid ACA Penalties

May 6, 2021 4 minute read: How exactly do employers prove to the IRS that the healthcare plans they are offering to their workforce are affordable under the Affordable Care Act? It’s an Read More
Biden Seeks to Make PTC Eligibility Expansion Permanent

Biden Seeks to Make PTC Eligibility Expansion Permanent

May 4, 2021 3 minute read: The Biden administration is once again finding ways to bolster the Affordable Care Act. This time the advancement comes in the form of ACA subsidies and the Read More
IRS Suspends Excess Repayment of APTCs for 2020 Tax Year

IRS Suspends Excess Repayment of APTCs for 2020 Tax Year

April 29, 2021 3 minute read: The latest ACA advancement to be introduced by the Biden administration comes via the American Rescue Plan and applies to the use of Advanced Payments of Premium Read More
IRS Experiences Paper Mail Backlog, Employers Should E-file ACA Returns

IRS Experiences Paper Mail Backlog, Employers Should E-file ACA Returns

April 27, 2021 3 minute read: The COVID-19 pandemic created hardships for everyone and everything, including the IRS. On numerous occasions, the agency announced a significant backlog in processing paper returns. As of Read More
[UPDATE] What Employers Need to Know About the Employee Retention Credit

[UPDATE] What Employers Need to Know About the Employee Retention Credit

April 21, 2021 3 minute read: The latest IRS Notice 2021-23 provides additional rules on the Employee Retention Credit (ERC) with respect to quarter one and quarter two of the 2021 tax year.   Read More
IRS Enforcement of the ACA is Increasing

IRS Enforcement of the ACA is Increasing

April 19, 2021 3 minute read: IRS enforcement of the ACA is going to increase throughout the remainder of the year and well into 2022, as President Biden’s FY 2022 discretionary request alludes Read More
What Happens if You Fail to Pay an ACA Penalty?

What Happens if You Fail to Pay an ACA Penalty?

April 15, 2021 3 minute read: Have you ever wondered what would happen if your organization failed to pay penalties assessed by the IRS under the ACA? In this post, Trusaic explains what Read More
Classify Workers Correctly to Determine ALE Status and Avoid ACA Penalties

Classify Workers Correctly to Determine ALE Status and Avoid ACA Penalties

April 13, 2021 3 minute read: Classifying workers is an important step for employers determining if the requirements of the ACA’s Employer Mandate apply to them. This is due to the necessary step Read More
ACA Affordability for the 2021 Tax Year

ACA Affordability for the 2021 Tax Year

April 9, 2021 2 minute read: For the 2021 tax year, the ACA affordability threshold will increase to 9.83%. That means employees will likely have to contribute more towards their employer-sponsored healthcare. IRS Read More
Recapping on Biden’s ACA Reforms, What Employers Need to Know

Recapping on Biden’s ACA Reforms, What Employers Need to Know

April 8, 2021 3 minute read: Since Biden took office on January 20, 2021, several advancements to the Affordable Care Act followed, so we thought it best to recap on the ACA reforms Read More
Final Rule Allows for More Flexibility with Grandfathered Health Plans

Final Rule Allows for More Flexibility with Grandfathered Health Plans

April 6, 2021 3 minute read: In December 2020, the Departments of Labor, Health and Human Services, and Treasury (including the IRS) issued a final rule regarding ACA grandfathered health plans.  Grandfathered health Read More
March 31 is the Deadline for E-Filing ACA Returns With the IRS

March 31 is the Deadline for E-Filing ACA Returns With the IRS

March 31, 2021 2 minute read: March 31, 2021, is the deadline for e-filing ACA returns, Forms 1094-C and 1095-C, to the IRS for the 2020 tax year as required by the ACA’s Read More
FTB to Publish Employer California Reporting Non-Compliance Data

FTB to Publish Employer California Reporting Non-Compliance Data

March 30, 2021 3 minute read: Employers should be aware that data concerning non-compliance with California’s Individual Mandate will be publicly reported and published annually by the California Franchise Tax Board (FTB) on Read More
New Stimulus Plan Expands PTC Eligibility, Employer Penalties

New Stimulus Plan Expands PTC Eligibility, Employer Penalties

March 25, 2021 3 minute read: President Joe Biden recently signed into law the American Rescue Plan (ARP) and it includes provisions that make ACA healthcare coverage more accessible to Americans. The $1.9 Read More
What Biden’s New HHS Secretary Could Mean for the ACA

What Biden’s New HHS Secretary Could Mean for the ACA

March 22, 2021 3 minute read: President Joe Biden nominated California’s Attorney General Xavier Becerra, a known supporter of the ACA, as the new Health and Human Services (HHS) Secretary. On March 18, Read More
How The Raise the Wage Act Could Impact ACA Compliance

How The Raise the Wage Act Could Impact ACA Compliance

March 10, 2021 3 minute read: The Congressional Budget Office (CBO) issued a report last month that outlines the budgetary effects on American employment if the Raise the Wage Act of 2021 is Read More
The IRS is Issuing ACA Penalty Letter 226J for 2018

The IRS is Issuing ACA Penalty Letter 226J for 2018

March 4, 2021 3 minute read: The IRS has begun to issue Letter 226J penalty assessments to employers that failed to comply with the ACA’s Employer Mandate for the 2018 tax year. If Read More
What Employers Need to Know About the 2020 ACA 1095-C Codes

What Employers Need to Know About the 2020 ACA 1095-C Codes

February 25, 2021 3 minute read: ACA reporting for the 2020 tax year will be different from years past because of the new Individual Coverage Health Reimbursement Arrangement (HRA) codes. These new codes, Read More
Employers May Face Additional Challenges with 2020 ACA Reporting

Employers May Face Additional Challenges with 2020 ACA Reporting

February 23, 2021 3 minute read: With the 2020 ACA filing deadlines fast approaching, employers will be met with additional reporting challenges due in large part to the COVID-19 pandemic. From determining full-time Read More
Biden’s Affordable Care Act Advancements are Underway

Biden’s Affordable Care Act Advancements are Underway

February 17, 2021 3 minute read: Since the Biden Administration took office a few weeks ago, changes to help bolster the Affordable Care Act are already underway. President Joe Biden has already signed Read More
California Individual Mandate Penalties Will be Issued in 2021

California Individual Mandate Penalties Will be Issued in 2021

February 15, 2021 3 minute read: State residents of California who failed to obtain health coverage during the 2020 tax year could see a penalty notice from the state as a part of Read More
Most Frequently Asked ACA Questions for Employers and Individuals

Most Frequently Asked ACA Questions for Employers and Individuals

February 11, 2021 3 minute read: The Patient Protection and Affordable Care Act (ACA) is a comprehensive healthcare reform law enacted under President Barack Obama in 2010. The implementation of the ACA represented Read More
5 Resources Essential for ACA Compliance in 2021

5 Resources Essential for ACA Compliance in 2021

February 9, 2021 The 2021 tax year is already halfway over. With the Biden administration ramping up legislation around the ACA and the IRS increasing its enforcement efforts, employers need to be sure Read More
Taxpayers (Including Employers) Have the Right to the Challenge IRS

Taxpayers (Including Employers) Have the Right to the Challenge IRS

February 4, 2021 3 minute read: The IRS has a Taxpayer Bill of Rights, which includes a section stating every taxpayer’s “right to challenge the IRS’s position and be heard.” These fundamental rights Read More
Wage Fixing Indictment Has Implications for Employers

Wage Fixing Indictment Has Implications for Employers

February 2, 2021 3 minute read: A recent federal wage-fixing indictment against the former owner of a health care staffing company indicates that the Department of Justice’s Antitrust Division is taking a closer Read More