Access 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 …
2016 Presidential Election
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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 …
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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 …