The ACA electronic filing deadline for the 2023 tax year is April 1, 2024. Here’s everything you need to know about the approaching due date.
ACA
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A federal court rules that a transgender woman’s discrimination claim can proceed under ACA. The result of the case could expand minimum essential coverage.
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As the 2024 election approaches, learn about Trump’s stance on the ACA and its potential impact on U.S. healthcare.
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It’s that time of year again. Organizations that opt to paper file their ACA details for the 2023 tax will need to submit them to the IRS by today, Feb. …
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After a sharp fall in 2023, M&A activity is expected to rise in 2024. But ensuring ACA compliance during mergers can slip down the priority list of both target and …
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The stakes just got higher for employers that misclassify their workers. The U.S. Department of Labor (DOL) issued its new Independent Contractor Rule, which takes effect on March 11, 2024, …
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It’s that time of year again – Affordable Care Act reporting season, when employers prepare to comply with ACA 1095-C furnishing deadline 2023. To meet ACA deadlines, employers must furnish …
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There’s good news for Applicable Large Employers (ALEs) in 2024 when it comes to filing their state ACA reports. Because the filing date falls on a Sunday, they’ll have an …
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Affordable Care Act (ACA) compliance may be here to stay. This election cycle is the first time in more than a decade that the ACA has taken a back burner …
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ACA Repeal
ACA On Solid Ground Ahead of the 2024 Presidential Election
by Robert Sheenby Robert SheenFor the first time in more than a decade, Republican frontrunners eyeing the 2024 election aren’t campaigning for the elimination of the ACA. It’s a rather big shift from previous …
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The IRS recently announced the ACA affordability threshold for the 2024 tax year and it’s significantly lower than last year’s, which was a historic low at the time. In IRC …
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The Affordable Care Act (ACA) was designed to lessen the financial burden of healthcare insurance for Americans and ensure access to insurance for all. Employers have taken on an important …
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The landscape of the Affordable Care Act (ACA) has been witnessing significant shifts, particularly concerning subsidies and their implications. We’ve recently explored how IRS safe harbors for affordability help businesses …
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Affordable Care Act
National Uninsured Rate Reaches All-Time Low in 2023
by Robert Sheenby Robert SheenThe U.S. Department of Health and Human Services (HHS) recently released a report showing that the national uninsured rate reached an all-time low of 7.7 percent in early 2023. This …
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House Republicans recently passed a package of health insurance bills, known as the CHOICE Act, intended to reduce health insurance costs for certain businesses and consumers. The proposed reforms would …
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The Affordable Care Act (ACA) has undergone recent developments that carry significant implications for employer ACA compliance and reporting requirements. One of the most notable changes is the resolution of …
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Affordable Care Act
Two New Laws Transform the Illinois Health Insurance Market
by Robert Sheenby Robert SheenTwo new bills signed into law by Governor JB Pritzker are likely to fundamentally reshape the Illinois health insurance market. Among the stated goals of these new pieces of legislation …
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The Internal Revenue Service (IRS) has intensified its enforcement of the Affordable Care Act’s (ACA) Employer Mandate, signaling a shift in its approach toward suspected non-compliance. Recent reports indicate that …
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One of the silver linings of the COVID-19 pandemic and all of the illness, death, and economic upheaval it created is the fact that the pandemic led to millions more …
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Shortly after the White House celebrated 13 years of success with the ACA last month, Northern Texas federal judge Reed O’Connor issued a nationwide injunction regarding the law’s free preventive …
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ACA Subsidies
As ACA Subsidies Wane, Worries Emerge to Ensure ACA Compliance
by Robert Sheenby Robert Sheen“Be careful what you wish for…” That old saying has long been used as a caution against asking for something that, once you’ve achieved it, just might come back to …
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In late 2022, the IRS issued an update regarding Patient-Centered Outcomes Research Institute (PCORI) fees for 2023. Namely, that they are increasing. For plans that end on or after October …
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The IRS recently announced that the ACA penalty assessments issued for non-compliance with the Employer Mandate are increasing for the 2023 tax year. Below we highlight the new penalty amounts …
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Affordable Care Act
Upcoming ACA Open Enrollment Shaping Up To Be Strongest Yet
by Robert Sheenby Robert SheenACA open enrollment for the 2023 plan year is just over a month away, and this time, individuals may have more options and a better experience than years prior. We …
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Just when you thought the ACA was finally out of the line of fire, another lawsuit questioning its constitutionality makes its way to the forefront. This time it’s an attack …
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Last month the IRS published a proposed regulation that would amend the existing rule regarding employer-sponsored Minimum Essential Coverage (MEC) for family members of an employee. The proposed rule would …
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ACA Deadline
IRS Proposes Automatic Extension for Furnishing 1095-C Forms
by Robert Sheenby Robert SheenIn a rather surprising turn of events, the IRS released proposed regulations that add an automatic extension to the furnishing deadline of the ACA’s 1095-C and 1095-B forms. Under the …
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The ACA is receiving some of the highest approval ratings since it was first signed into law in 2010. According to a June poll from the Kaiser Family Foundation (KFF), …
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In the series of legal challenges against the ACA, the latest is an attack on free preventative care and it just may undermine significant advancements made to the U.S. healthcare …
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Affordable Care Act
House Democrats Share More ACA Advancements in $3.5 Trillion Plan
by Robert Sheenby Robert SheenDemocrats in the House of Representatives have shared their plans for ACA healthcare expansion as part of a proposed $3.5 trillion package. Included in the proposal are several provisions that …
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Several health carriers are experiencing growth because of the recent Affordable Care Act advancements. Most notably is CVS Health Corp. and its affiliated health insurance business, Aetna. Last week the …
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ACA Compliance
CMS Proposed Rule to Provide Greater Access to ACA Coverage
by Chris Areyby Chris AreyThe Biden administration is yet again making strides to bolster the Affordable Care Act. This time, it’s through a proposed rule that aims to strengthen the ACA’s federal and state …
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Affordable Care Act
Special Enrollment Period Doubles Enrollees, Final Month Approaches
by Robert Sheenby Robert SheenIn 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, …
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ACA Compliance
ACA Survives Supreme Court, Focus Shifts to More Advancements
by Robert Sheenby Robert SheenEarlier 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 …
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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) …
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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 …
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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 for any reporting …
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ACA ComplianceACA DeadlineACA Reporting
ACA State Reporting Deadline for California is May 31
by Robert Sheenby Robert SheenMay 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 tax year. The …
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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 …
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ACA ComplianceAffordable Care ActIRS
American Rescue Plan Introduces New Changes to COBRA
by Robert Sheenby Robert Sheen3 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 …
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ACA ComplianceAffordable Care Act
IRS Enforcement of the ACA is Increasing
by Robert Sheenby Robert Sheen3 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 …
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ACA ComplianceAffordable Care Act
What Happens if You Fail to Pay an ACA Penalty?
by Robert Sheenby Robert SheenHave you ever wondered what would happen if your organization didn’t pay an ACA penalty issued by the IRS? In this post, Trusaic explains what you need to know about …
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ACA ReportingAffordable Care Act
IRS ISSUES ACA 2018 FORMS 1094-C AND 1095-C, INSTRUCTIONS, AND 226J FOR 2016
by Robert Sheenby Robert Sheen1 minute read: The IRS has released the final 1094/1095-C schedules and reporting instructions for the 2018 tax year, to be filed and furnished in 2019. You can find the …
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Affordable Care ActHealthcare
Open Enrollment Missing ACA Individual Mandate
by Robert Sheenby Robert Sheen3 minute read: The open enrollment period on HR.gov will run from November 1, 2018, to December 15, 2018, only 45 days, the same as the previous year’s open enrollment …
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Affordable Care ActHealth Care ReformHealth Insurance ExchangesLegislationPolitical Parties
Bipartisan Senate Bill Quietly Gaining Momentum
by Robert Sheenby Robert SheenA bipartisan Senate bill that would continue cost sharing payments to insurance companies and provide states more flexibility in addressing healthcare issues is quietly gaining momentum. The U.S. Senate’s Committee …
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Affordable Care ActHealth Care CoverageHealth Care ReformHealth Insurance MarketplaceLegislation
Americans Don’t Want President Trump to Destroy the Affordable Care Act
by Robert Sheenby Robert SheenWhile President Trump does his best to undermine the Affordable Care Act, the American public wants it to succeed. Americans don’t want the Affordable Care Act (ACA) destroyed. They want …
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Affordable Care ActHealthcareIRSPenaltiesTax Filings
Has the ACA Bettered the Language Barriers in Forms Reporting? We Asked a Professional
by Robert Sheenby Robert SheenOver the last few years, pocket neighborhoods of Spanish speaking individuals have produced significant language barriers when it comes to the Affordable Care Act (ACA). Many whose primary language is …
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Affordable Care Act
Moral Hazard and the ACA: The Late Nobel Economist Kenneth Arrow’s Legacy Lives On
by Robert Sheenby Robert SheenBy John Dante Kenneth J. Arrow was known for, among other things, laying the intellectual foundation that eventually gave rise to the Affordable Care Act. Born in 1921 in New …
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Affordable Care ActHealth Care CoveragePolls/Surveys
The ACA Brings Another Win To California
by Robert Sheenby Robert SheenIn the 4th Kaiser Family Foundation Longitudinal Panel Survey, some impressive findings surround the state of California. The survey polled a randomly selected pool of uninsured adult Californians and tracked …
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Employers were given a gift of sorts from the IRS and the ACA when extensions for paper filings were extended to 5/31/16 and electronic filings were extended to 6/30/16. Perhaps …