On Thursday (May 12), a federal court judge ruled against the White House’s favor, with regard to an allocation of funds spent with the ACA’s subsidy program. This program was …
2016 Presidential Election
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Health Care CoverageRegulations
The IRS Reveals Projected Inflation Figures For 2017
by Robert Sheenby Robert SheenIn the recently released Rev. Proc. 2016-28, the IRS as identified inflation adjustments to Health Savings Accounts (HSA) for the upcoming 2017 calendar year. Those affected figures include primarily deductions …
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Affordable Care ActHealth Care Coverage
Cutting Hours To Avoid Health Care Coverage Brings Dave & Busters Under Legal Scrutiny
by Robert Sheenby Robert SheenA class-action lawsuit has been filed outside of federal courts in New York against restaurant and gaming chain Dave & Busters. The reason? Cutting employees’ hours to duck mandatory health …
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Affordable Care ActTax Filings
IRS Shares Success Of Premium Tax Credit Calculations For 2015
by Robert Sheenby Robert SheenThe 2015 tax year was a transitional one in the world of health care as the Affordable Care Act modified several procedures in the way of filing for health care …
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Affordable Care ActCovered California
California Exercises The Power Of Persuasion With Premiums
by Robert Sheenby Robert SheenWhile the Affordable Care Act’s Health Insurance Marketplace provides great options for those in pursuit of health care, the ability to negotiate premiums is a missing key component. However, thanks …
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Affordable Care ActTax Filings
IRS Electronic Filing: It’s Not As Simple As You Think
by Robert Sheenby Robert SheenFor many employers, the 2015 tax season included new health care documentation under the Affordable Care Act with regard to employees. Forms such as 1094-C and 1095-C apply directly to …
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ACA ComplianceAffordable Care ActPenalties
ACA Penalties To Hit $228 Billion
by Robert Sheenby Robert Sheen2015 marked the first year where the Affordable Care Act was arguably set into clear motion, as new policies and mandates from employer to employee and covering others were just …
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Affordable Care ActHealth Care CoverageLawsuitsRegulations
The ACA: A Gift And A Curse For Uber
by Robert Sheenby Robert SheenIn the often-oversimplified world of contractor-based employment, the Affordable Care Act is a blessing in disguise: “employees” can readily obtain health care with the financial burden falling off the “employer.” …
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ACA ComplianceAffordable Care Act
The DO’s and DON’Ts Of ACA Compliance
by Robert Sheenby Robert SheenThe Affordable Care Act (ACA) has undoubtedly affected most companies and their move toward organization to address the ACA. Although more businesses may become familiar to the mandates proposed by …
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Health Care CoveragePolls/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 ActHealth Care CoverageRegulations
Is Individual Shared Responsibility Your Responsibility?
by Robert Sheenby Robert SheenSince the implementation of the Affordable Care Act, the goal in mind is to ensure that every American has received or has been given access to adequate health coverage. While …
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Health Care CoverageTax Filings
Health Coverage Information Returns: A Key Date Calendar
by Robert Sheenby Robert SheenWhile many if not most of the 2015 tax season deadlines have already passed, some information-filing deadlines are steadily approaching. Some have been already been extended, including the deadline for …
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Affordable Care ActHealth Insurance Marketplace
How Would A Withdrawal from the ACA Marketplaces by United Healthcare Affect Us In 2017?
by Robert Sheenby Robert SheenThe Affordable Care Act is not entirely a fan favorite among some health care providers, at least as far as UnitedHealth Group is concerned. In a report released by the …
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Affordable Care ActHealth Care CoverageMedicaid/Medicare
Health Crisis Likely in Miami-Dade
by Robert Sheenby Robert SheenAccess to health care is more than just ordinary preventative care and occasional treatment: it’s also preventing a health crisis. As Florida’s Miami-Dade County sees large numbers of its residents …
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Affordable Care ActIRS
Quick Update: Understanding Revenue Procedure 2016-24
by Robert Sheenby Robert SheenIn the April 18th edition of the Internal Revenue Bulletin, you will find “Revenue Procedure 2016-24,” a term that applies directly to annual health care percentage modifications under the Affordable …
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The 2015 tax year brought much added paperwork in the way of forms and letters for the everyday taxpayer. For most, this is the first year that they’re receiving some …
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This 2015 tax season, a number of new forms may have been required of you to either complete and file and/or retain for your records. Of these forms you should …
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Health Care Coverage
New Updates To Premium Tax Credit Affect Personal Contributions
by Robert Sheenby Robert SheenWhen it comes to the Premium Tax Credit, it’s a matter of numbers. The credit was designed for low to moderate-income individuals and families in an effort to assist them …
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Affordable Care ActHealth Care Coverage
Health Care Careers More Desirable Thanks To Affordable Care Act
by Robert Sheenby Robert SheenOne of the greatest achievements of the Obama Administration was slashing the unemployment rate and creating tens of millions of jobs for Americans. In a recently released job report, jobs …
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Affordable Care ActHealth Care Coverage
The Small Business Health Care Tax Credit: A Checklist
by Robert Sheenby Robert SheenThe Small Business Health Care Tax Credit was designed for small business owners with 25 of fewer full-time employees and equivalents in an effort to provide health care coverage for …
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Affordable Care ActHealth Insurance Marketplace
Huffington Post Analyzes ACA, Provides Suggestions On Improvement
by Robert Sheenby Robert SheenAs the Affordable Care Act continues to build in momentum, many have dissected the bill and come to a series of possible improvements for the ACA. In an article printed …
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Health Care Coverage
Congressional Budget Office Releases 10-Year Health Care Breakdown For Citizens 65 And Under
by Robert Sheenby Robert SheenThe Congressional Budget Office (CBO) has released a report, detailing a ten-year plan on Health Insurance for those 65 and under from 2016 through 2026. The 40-page report discusses the …
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Affordable Care ActHealth Care Coverage
Health Benefits Offer Rates: Fact And Figures
by Robert Sheenby Robert SheenThe Kaiser Family Foundation released a report that detailed the rates of health benefits offered to individuals. In 1999, 66% of firms offered health benefits to their employees, and that …
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Since 2014, prescription drug costs have continued to rise, due in part to specialized medications for advancements in the treatment of various medical conditions. While these advancements have proven beneficial …
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Affordable Care ActHealth Care CoverageHealth Insurance Marketplace
Do You Have Minimum Essential Coverage?
by Robert Sheenby Robert SheenUnder the Affordable Care Act, individuals and families are generally required to have minimum essential coverage in order to avoid year-end penalties or shared responsibility payments. This coverage can be …
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Affordable Care ActApplicable Large Employer (ALE)IRS
5 Reasons Why ACA Reporting is So Difficult for Employers This Year
by Robert Sheenby Robert SheenFor many employers, this is their first year reporting employee health care coverage as part of the Affordable Care Act. Required employers include those that are ALEs,or Applicable Large Employers …
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ACA ComplianceAffordable Care Act
Employer Shared Responsibility Payment Checklist
by Robert Sheenby Robert SheenThe Affordable Care Act was implemented as a move to provide widespread health care coverage to all Americans. Under this law, Applicable Large Employers (ALE) must offer health coverage to …
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Affordable Care ActHealth Care CoverageUninsured
The Surprising Reason Why Minority Children Are Less Likely To Have Health Care
by Robert Sheenby Robert SheenPrior to the Affordable Care Act, programs like Medicaid and Children’s Health Insurance Program (CHIP) were already in place to provide health coverage for underprivileged youth. However, a significant gap …
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Affordable Care ActHealth Care CoverageRegulations
Is Individual Shared Responsibility Your Responsibility?
by Robert Sheenby Robert SheenSince the implementation of the Affordable Care Act, the goal in mind is to ensure that every American has received or has been given access to adequate health coverage. While …
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Affordable Care ActApplicable Large Employer (ALE)Health Care CoverageTax Filings
Quick Tips: Managing Your Health Insurance Docs
by Robert Sheenby Robert SheenAs you prepare your 2015 tax return, keep in mind that new health insurance coverage documents may reach your mailbox this year that you hadn’t seen previously. As the Affordable …
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Affordable Care ActCadillac TaxHealth Care Coverage
Revisions To The ACA Continue Into 2016
by Robert Sheenby Robert SheenIt should come as no surprise that the Affordable Care Act is still very much a work in progress. Over the course of six years, the ACA has made significant …
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When it comes to health care, many view it as a luxury rather than necessity. Health care is one “luxury,” that if given the option of having less of in …
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ACA ComplianceAffordable Care ActHealth Care CoverageLawsuits
Cutting Hours To Avoid Health Care Coverage brings Dave & Buster’s Under Legal Scrutiny
by Robert Sheenby Robert SheenA class action lawsuit has been filed outside of federal courts in New York against restaurant and gaming chain Dave & Buster’s. The reason? Cutting employees’ hours to duck mandatory …
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ACA ComplianceHealth Care Coverage
New Barometer: Health Network Size for Insurance Ratings
by Robert Sheenby Robert Sheen2016 has thus far posed some significant changes in both the attitudes of citizens toward health care coverage and those required to provide it. However, looking ahead toward 2017, the …
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ACA ComplianceAffordable Care Act
INFOGRAPHIC: 2016 ACA Compliance & Reporting Timeline
by Robert Sheenby Robert SheenThe ACA Compliance Reporting is filled with complexities, with dates, forms, and processes to follow with the utmost diligence. Trusaic has created an infographic conveying deadlines and requirements to help …
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Key ACA Compliance Failures: Are they happening to you or your clients? by JT Kim, Guest Columnist ACA Compliance Exper Trusaic ACA Compliance Expert Back over a year ago when …
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Affordable Care ActMedicaid
Opposition Of Medicaid Expansion Produces Hurdles For States
by Robert Sheenby Robert SheenIn April of last year, the Center on Budget and Policy Properties (“CBPP”) released a report detailing which states have and have not expanded their Medicaid program to low-income adults …
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Affordable Care ActPenalties
2016 Employer Mandate Penalties: Do You Have To Pay?
by Robert Sheenby Robert SheenAs an applicable large employer (ALE) with at least 50 full-time and full-time equivalent employees, the Affordable Care Act requires employers to offer health coverage to their employees. If they …
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While the Affordable Care Act has posed some questions and conflicts with certain states, it appears that Wisconsin may be the most conflicted. Milwaukee’s Journal Sentinel reports that Wisconsin has …
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Affordable Care ActPolls/Surveys
Poll Shows the ACA Still Divided Among Americans
by Robert Sheenby Robert SheenIn a seven state health care poll conducted by NPR and its associates, the results provided a multi-tiered outlook on the effects of the ACA passing is still relatively new …
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Affordable Care ActHealth Care Coverage
6 Years Later: Impacts of the ACA on Health Care?
by Robert Sheenby Robert SheenWhen the Affordable Care Act was first passed in 2010, it was with the intention of providing health care coverage to all who previously couldn’t access it. It was a …
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ACA ComplianceACA ReformAffordable Care ActPenalties
ACA Penalties: We Built an Ark Because the Flood is Coming
by Robert Sheenby Robert SheenBy JT Kim, Guest Columnist ACA Compliance Expert Trusaic After spending countless hours in talks with our broker partners and prospective clients about ACA compliance and having done tons of …
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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 …
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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 …