IRS Provides Guidance on Using Corrected Form 1095-A

IRS Provides Guidance on Using Corrected Form 1095-A

Feb 14 If you haven’t filed your taxes yet, then you may have avoided having to file an amended return if you received a corrected 2017 Form 1095-A for the Healthcare Marketplace. Read More
Masshealth Changes Come With a Hefty Price Tag For Employers [UPDATE]

Masshealth Changes Come With a Hefty Price Tag For Employers [UPDATE]

Feb 12 While healthcare continues to be talked about by the federal government, some state governments are taking steps of their own to shore up the Affordable Care Act (ACA) impact on Read More
Expect IRS to Enforce the ACA’S Individual and Employer Mandates [UPDATE]

Expect IRS to Enforce the ACA’S Individual and Employer Mandates [UPDATE]

Feb 7 The approval of tax reform legislation by Congress may ultimately have an impact on the Affordable Care Act (ACA) in 2019. That’s when the legislation essentially repeals the individual mandate Read More
Employees Obtaining Premium Tax Credits Can Trigger IRS Letter 226J for Employers

Employees Obtaining Premium Tax Credits Can Trigger IRS Letter 226J for Employers

Feb 6 Individual taxpayers who obtain Premium Tax Credits from the federal government to subsidize health insurance plans purchased on government healthcare exchanges under the Affordable Care Act (ACA) will be filing Read More
Less Than 30 Days to First IRS Filing Deadline for 2017 ACA Information

Less Than 30 Days to First IRS Filing Deadline for 2017 ACA Information

Feb 5 We are less than 30 days away from the first deadlines for filing Affordable Care Act (ACA) information for the 2017 tax year. How time flies! Here is who must Read More
More Signs Pointing to Continued IRS Enforcement of the ACA

More Signs Pointing to Continued IRS Enforcement of the ACA

Feb 1 As we are enter February, all signs are pointing to the IRS continuing its efforts to enforce the Affordable Care Act (ACA). In mid-January, Treasury Secretary Steven Mnuchin announced that Read More
2018 Looks Promising for Health Insurers Offering Marketplace Plans

2018 Looks Promising for Health Insurers Offering Marketplace Plans

Jan 31 The Affordable Care Act’s (ACA) Health Insurance Marketplace has evolved over the years as a necessary evil for some healthcare providers. Others have withdrawn from it, citing profit losses and Read More
DOL Seeking Comments On Extending Association Health Plans

DOL Seeking Comments On Extending Association Health Plans

Jan 30 Under the Affordable Care Act (ACA), employers that do not meet the 50 or more full-time or full-time equivalent employee threshold to be Applicable Large Employers (ALEs) do not face Read More
Online ACA Resource Center Offers Free Information to Aid 2017 IRS Filings

Online ACA Resource Center Offers Free Information to Aid 2017 IRS Filings

Jan 29 Through The ACA Times, we regularly provide information that we hope has helped make it easier for organizations to deal with the complexities of the Affordable Care Act (ACA). We Read More
INFOGRAPHIC: How to Respond to IRS Letter 226J

INFOGRAPHIC: How to Respond to IRS Letter 226J

Jan 25 The Affordable Care Act (ACA) is complex. The ACA Penalty Process now being initiated by the IRS is no exception. With 30 days to respond upon receipt of IRS Letter Read More
Two Errors That Are Triggering ACA Employer Shared Responsibility Payments from the IRS

Two Errors That Are Triggering ACA Employer Shared Responsibility Payments from the IRS

Jan 24 Some trends are emerging on what is triggering the IRS to issue Letter 226J notices to organizations. Since November, the IRS has been sending notices to organizations that failed to Read More
Extended Deadlines for ACA Open Enrollment Updated

Extended Deadlines for ACA Open Enrollment Updated

Jan 23 The Centers for Medicare & Medicaid Services (CMS) has announced it is extending the deadline to enroll in health coverage through the Federal Health Insurance Exchange until March 31, 2018, Read More
ACA Health Insurance Marketplace May Stabilize In 2018

ACA Health Insurance Marketplace May Stabilize In 2018

Jan 22 It’s been a tumultuous year for the Affordable Care Act (ACA). From insurers withdrawing from providing health insurance on government exchanges to spiking premiums in the face of financial losses Read More
Individual Healthcare Mandate Being Considered in Maryland [UPDATE]

Individual Healthcare Mandate Being Considered in Maryland [UPDATE]

Jan 18 Senate Republicans added repeal of the ACA’s individual mandate to the Senate’s tax reform bill to save nearly $340 billion in federal funds during the next decade to mitigate increases Read More
New Study Shows ACA Catalyst for Increase In Adolescent Annual Wellness Visits

New Study Shows ACA Catalyst for Increase In Adolescent Annual Wellness Visits

Jan 17 One of the objectives of the Affordable Care Act (ACA) was to make it affordable for Americans of all ages to actively take part in preventative care, including adolescents. The Read More
New Guidance on Medicaid May Lead to More Choice for Employers and Employees

New Guidance on Medicaid May Lead to More Choice for Employers and Employees

Jan 16 New guidelines from the Centers for Medicare & Medicaid Services (CMS) support efforts by certain individual states to test incentives that make participation in work or other community engagement a Read More
Studies: ACA Has No Effect on Hours Worked [UPDATE]

Studies: ACA Has No Effect on Hours Worked [UPDATE]

Jan 11 Shortly after the passage the Affordable Care Act (ACA), some economists predicted that the law would cause employers to slash workweeks to less than 30 hours to avoid having to Read More
Worker Misclassification Can Impact ACA Compliance

Worker Misclassification Can Impact ACA Compliance

Jan 10 On December 31, 2017, the North Carolina Employee Fair Classification Act (EFCA) took effect. The new law allows for heightened investigations into those employers that are allegedly misclassifying their workers Read More
The Affordable Care Act Has Helped Millions, But There’s More Work To Do

The Affordable Care Act Has Helped Millions, But There’s More Work To Do

Jan 9 In 2010, former President Barack Obama introduced the Affordable Care Act (ACA) in an effort to provide more Americans with health coverage. Over the course of its now-nearly eight-year run, Read More
As Congress Moves To Remove Individual Mandate, States Seek Their Own Version

As Congress Moves To Remove Individual Mandate, States Seek Their Own Version

Jan 8 It was a decade ago when Massachusetts implemented its own individual mandate that required state residents to obtain health insurance or face financial ramifications. Nationwide, that rule became the framework Read More
Calculating FT and FTE Employees [UPDATED]

Calculating FT and FTE Employees [UPDATED]

Jan 4 As part of their annual filing of healthcare coverage information with the IRS, organizations must determine if they are Applicable Large Employers (ALEs) for purposes of the Affordable Care Act Read More
Despite Tax Reform, Expect IRS to Enforce the ACA’s Individual and Employer Mandates

Despite Tax Reform, Expect IRS to Enforce the ACA’s Individual and Employer Mandates

Jan 3 The approval of tax reform legislation by Congress may ultimately have an impact on the Affordable Care Act (ACA) in 2019. That’s when the legislation essentially repeals the individual mandate Read More
2018 Enrollment in Affordable Care Act Shows Americans’ Support

2018 Enrollment in Affordable Care Act Shows Americans’ Support

Jan 2 Open enrollment to obtain insurance starting on January 2018 under the Affordable Care Act (ACA) ended on December 15 with more than 8.7 million Americans signing up for coverage, according Read More
IRS Extension of Good Faith Relief is Good and Bad News

IRS Extension of Good Faith Relief is Good and Bad News

Dec 28 As the saying goes, I have some good news and some bad news. For the good news, the IRS has extended good faith relief for information-reporting requirements for the Affordable Read More
IRS Extends 2018 ACA Deadline for Providing 1095-Cs to Employees

IRS Extends 2018 ACA Deadline for Providing 1095-Cs to Employees

Dec 27 The IRS has extended the 2018 deadlines to provide 2017 health coverage information forms to individuals as required by Affordable Care Act (ACA). The information was included in a new Read More
ACA Individual Mandate is Set to be Gone, but Desire for Health Insurance Remains

ACA Individual Mandate is Set to be Gone, but Desire for Health Insurance Remains

Dec 21 As part of tax reform legislation passed by Congress, the individual mandate provision in the ACA requiring every American citizen to obtain health insurance or pay an annual financial penalty Read More
Some Americans Able to Sign Up for Insurance Under the ACA Past December 15 Deadline

Some Americans Able to Sign Up for Insurance Under the ACA Past December 15 Deadline

Dec 20 As we wait for the latest statistics on the number of Americans who have signed up on government exchanges for healthcare insurance coverage for 2018, experts are predicting that the Read More
What Would Kenneth Arrow Think?

What Would Kenneth Arrow Think?

Dec 19 The late Kenneth J. Arrow, Nobel-winning economist and one of the most brilliant minds of the 20th century, would be dismayed at action being taken by Republicans in Congress to Read More
The IRS Issues Guidance on the ACA’s Individual Mandate While Congress Looks to Repeal It

The IRS Issues Guidance on the ACA’s Individual Mandate While Congress Looks to Repeal It

Dec 18 During 2017, the IRS has steadfastly avoided being swayed by the political breezes, even when they seemed to reach hurricane-level velocity. When President Trump and Republicans in Congress were readying Read More
Tax Reform Bills Keep ACA Employer Mandate Intact

Tax Reform Bills Keep ACA Employer Mandate Intact

Dec 14 Throwback Thursday Feature from Wednesday, December 6, 2017. When the U.S. House and Senate Republicans meet in conference to discuss how they will reconcile their two different tax reform legislations, among Read More
IRS Penalties for ACA Non-Compliance Can Be Costly

IRS Penalties for ACA Non-Compliance Can Be Costly

Dec 13 The IRS has announced the penalty amounts for companies with 50 or more full-time or full-time equivalent employees that do not comply with the Affordable Care Act (ACA) for the Read More
Preparing For Affordable Care Act Filings With the IRS? Here’s a Checklist That May Help [Updated]

Preparing For Affordable Care Act Filings With the IRS? Here’s a Checklist That May Help [Updated]

Dec 12 Updated from original blog post on November 7, 2017. The ACA filing deadlines for the 2017 tax year are fast approaching. With the IRS sending penalty notices for ACA filings Read More
IRS Letter 226J Infographic Details Response Process [Updated]

IRS Letter 226J Infographic Details Response Process [Updated]

Dec 11 Updated from original blog post on December 4, 2017. As more organizations start to prepare for the possibility of receiving a holiday greeting from the IRS in the form of Read More
IRS Provides Information on Responding to Letter 226J

IRS Provides Information on Responding to Letter 226J

Dec 5 The IRS has posted information on its website regarding Letter 226J, the initial letter issued to Applicable Large Employers (ALEs) – those organizations with 50 or more full-time or full-time Read More
The ACA Has Improved Healthcare In the United States

The ACA Has Improved Healthcare In the United States

Nov 30 There is much political debate about whether the Affordable Care Act (ACA) has improved healthcare for Americans. The Wharton University scholarly podcast Knowledge@Wharton recently featured Wharton health care management professor Read More
ACA Enrollment Continues at Faster Pace From Previous Year

ACA Enrollment Continues at Faster Pace From Previous Year

Nov 29 They say that you don’t know what you’ve got till it’s gone, a theory that may be true for the Affordable Care Act (ACA). It was just months ago when Read More
More Suggestions on Responding to IRS Letter 226J

More Suggestions on Responding to IRS Letter 226J

Nov 28 The IRS has released the first round of letters to Applicable Large Employers (ALEs), companies with 50 or more full-time or full-time equivalent employees, it believes were are subject to Read More
Are Your Clients Ready for the IRS’s ACA Penalty Assessments?

Are Your Clients Ready for the IRS’s ACA Penalty Assessments?

Nov 27 Originally published on November 21, 2017 in “Accounting Today”  The IRS has been sending signals since the summer that it will be enforcing the Affordable Care Act’s employer mandate. Those signals Read More
Who’s Thankful for the ACA?

Who’s Thankful for the ACA?

Nov 22 As we enter into the annual Thanksgiving break, there is much to be thankful for. Most lists will include giving thanks for family, friends, and employment. And almost 1.5 million Read More
Free ACA Resources for Small Businesses

Free ACA Resources for Small Businesses

Nov 21 The federal government provides free online resources to help small businesses better understand the requirements of the Affordable Care Act (ACA) and how they might be able to offer health Read More