ACA Affordability for the 2022 Tax Year

ACA Affordability for the 2022 Tax Year

March 22, 2022 With the 2021 ACA reporting season coming to an end later this month, employers should turn their attention to ACA compliance for the 2022 tax year. A key component of Read More
ACA Open Enrollment Reaches Record-Breaking 14.5 Million

ACA Open Enrollment Reaches Record-Breaking 14.5 Million

February 2, 2022 Over 14.5 million Americans elected to receive health coverage through one of the ACA’s insurance marketplaces during the 2022 open enrollment period. The record-breaking participation is 21% higher than the Read More
ACA Penalties Are Increasing in 2022

ACA Penalties Are Increasing in 2022

January 20, 2022 The IRS penalty amounts for non-compliance of the ACA’s Employer Mandate are again increasing in 2022.  Below is a rundown of the new penalty amounts and how the IRS will Read More
1095-C Codes for the 2021 Tax Year

1095-C Codes for the 2021 Tax Year

January 6, 2022 It’s 2022 and time to begin preparing the annual 1095-C filings with the IRS and select state governments. Are you ready? If you need a refresher on the different 1095-C Read More
IRS Issues Final 2021 ACA Reporting Instructions

IRS Issues Final 2021 ACA Reporting Instructions

December 20, 2021 On December 9, 2021, the IRS published the final ACA reporting instructions for the 2021 tax year, including the final 1094-C and 1095-C forms. As expected, the forms and instructions Read More
ACA Affordability For 2022 Tax Year to Decrease

ACA Affordability For 2022 Tax Year to Decrease

October 5, 2021 For the 2022 tax year, the ACA affordability threshold will decrease to 9.61%. According to IRS Revenue Procedure 2021-36 all health plans offered by employers beginning January 1, 2022, will Read More