Within hours of Trump’s proposed American Health Care Act bill passing through House vote with only four votes despite a large Republican majority, rumors circulated that it would more than …
Affordable Care Act
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American Health Care Act (AHCA)Health Care Reform
Changes to ACA May Not Happen Until After 2018 Election
by Robert Sheenby Robert SheenLast week, Trump’s American Health Care Act (AHCA) passed in the House with only a four-vote win despite the large majority by Republican Representatives. The bill, also known as Trumpcare, …
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Health Insurance Marketplace
President Trump’s New Tax Plan May Affect The Health Care Market As We Know It
by Robert Sheenby Robert SheenEarlier this month, we learned that President Trump attempted to yet again repeal and replace the Affordable Care Act. This time it worked with the House passing the American Health …
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Affordable Care ActHealth Care Coverage
New KFF Study Shows Healthcare Insurers May Be Financially Stable on the ACA Exchanges
by Robert Sheenby Robert SheenIt was just last year when healthcare giants like UnitedHealth and Aetna were exiting out of certain ACA exchanges—citing the ACA as the cause for financial dips in their bottom …
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Affordable Care ActHealth Care Reform
2018 Brings New Changes To ACA Exchange
by Robert Sheenby Robert SheenWhile the country still awaits the final cues for the U.S. Senate’s take on healthcare reform, more updates arrive for the coming year. The Centers for Medicare & Medicaid Services (CMS) …
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Affordable Care ActHealth Care Coverage
GOP Health Care Bill Now Faces Uphill Battle in Senate
by Robert Sheenby Robert SheenToday, with a vote count of 217 for and 213 against, the heavily Republican majority House passed the amended American Healthcare Act (AHCA). This rushed vote came with less than …
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ACA ComplianceACA ReportingHealth Care Coverage
Preparing Your 2016 ACA Forms – Better Late Than Never
by Robert Sheenby Robert SheenNow that the dust has settled that the Patient Protection and Affordable Care Act (ACA) is here to stay and the 2016 ACA reporting deadline is just behind us, employers …
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Affordable Care ActHealth Care Coverage
The ACA In Numbers: An Infographic
by Robert Sheenby Robert SheenWhen the Trump Administration reluctantly agreed to keep the ACA around, many breathed a collective sigh of relief. While some were unaware that the Affordable Care Act was synonymous with …
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On April 30th, President Trump tweeted the following in a series of two tweets: “You can’t compare anything to ObamaCare because ObamaCare is dead,” he tweeted. “Dems want billions to …
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Employee MisclassificationIRS
IRS Tax Documents Assist Decision In Classification Case
by Robert Sheenby Robert SheenWith misclassification suits becoming more and more frequent, the latest case suggests that tax returns might be subject to mandatory disclosure in resolving classification issues. In a recent case, Mescalero …
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Affordable Care ActEmployee Misclassification
Misclassification of Employees Can Lead to Big Penalties Under the ACA
by Robert Sheenby Robert SheenThe Employer Mandate under the Affordable Care Act subjects Applicable Large Employers (ALEs) to penalties for failing to offer their full time employees healthcare coverage. Moreover, the ALE is subject …
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Affordable Care ActHealth Care Coverage
Did Tennessee Hurt Itself With Healthcare?
by Robert Sheenby Robert SheenIf you reside in Tennessee, there’s a likely chance that next year you may be without options within the federally facilitated healthcare exchange under the Affordable Care Act (ACA). This …
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Affordable Care ActHealth Care Coverage
New Bill Allows Non-Exchange Health Plan Purchases With ACA Credits
by Robert Sheenby Robert SheenWhen Senate Republicans proposed the repeal and replacement of the Affordable Care Act (ACA), a major point of focus was the elimination of ACA-mandated taxes, including the Employer and Individual …
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Health Care CoverageTax Reform
Awaiting Announcements on Tax Reform, Healthcare Votes May Be Next
by Robert Sheenby Robert SheenPresident Trump appears to be planning a tax reform announcement this week and as early as tomorrow (April 26). Trump tweeted his intent to unveil some new plans this past …
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ACA ComplianceIRS
What To Do When An IRS Letter Lands In Your Mailbox
by Robert Sheenby Robert SheenThe dreaded IRS letter. It can mean anything or nothing at all. As tax season for the 2016 tax year is coming to an end for most, so begins the …
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Affordable Care ActEmployee Misclassification
The Curious Case Of Chipotle
by Robert Sheenby Robert SheenOver the last several years—even prior to and following the passing of the Affordable Care Act (ACA)—fast food chains have struggled with classifying employees, the designation of which can trigger …
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Affordable Care Act
Will Trump Live Up To ‘MAGA’ With His Blueprint Budget Plan?
by Robert Sheenby Robert SheenSince Day One, Donald Trump has vowed to “Make America Great Again,” a mantra that has followed him throughout the election and since his win—with MAGA hats on the heads …
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Affordable Care ActHealth Care Reform
Minnesota And Alaska Lead The Charge For State Healthcare Empowerment
by Robert Sheenby Robert SheenIn Trump’s plans for healthcare reform, individual states were a high priority in allowing more localized power from state-to-state. While the American American Healthcare Act (AHCA) has since collapsed, the …
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It’s hard to believe that the Affordable Care Act has been the law of the land for over seven years. Just a month ago the ACA’s demise seemed inevitable according …
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ACA ComplianceACA Reporting
The Treasury Inspector General Tax Administration Says Employer Mandate Penalties Are Coming
by Robert Sheenby Robert SheenWith now two reporting years (2015 and 2016) behind us since the implementation of the Employer Mandate under the Affordable Care Act (ACA), the IRS has yet to impose any …
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ACA ComplianceACA Reporting
Thought That ACA Reporting for 2015 Was a Free Pass? Think Again.
by Robert Sheenby Robert SheenWith now two reporting years (2015 and 2016) behind us since the implementation of the Employer Mandate under the Affordable Care Act (ACA), the IRS has yet to impose any …
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Affordable Care ActLegislation
McCarran-Ferguson Antitrust Exemption Is Eliminated After 70 Years
by Robert Sheenby Robert SheenThe Affordable Care Act may be here to stay, but changes to antitrust laws may affect how the healthcare insurance industry does business. The House of Representatives approved legislation that …
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ACA ReportingAffordable Care ActHealth Insurance Exchanges
How to Successfully Appeal an Exchange Notice from the Healthcare Marketplace
by Robert Sheenby Robert Sheen– Op-Ed published on April 7, 2017 on ‘Accounting Today’ – Some companies across the country may have experienced receiving exchange notices from the health insurance marketplace informing them they …
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Affordable Care ActRegulations
New HHS Website Shows Regulations Geared Toward Bettering The ACA
by Robert Sheenby Robert SheenPrior to the dismantling of the American Health Care Act (AHCA), the Department of Health and Human Services (HHS) launched a new website identifying aspects of the Affordable Care Act …
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Affordable Care ActHealth Care Coverage
As The ACA Stays, Should States Readjust Their Employer Mandate Demands?
by Robert Sheenby Robert SheenIn a matter of two weeks, everything seems to have changed for the fate of states and their
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ACA ComplianceAffordable Care Act
Life After The Proposed AHCA: An Employer’s Tip Sheet
by Robert Sheenby Robert SheenGoodbye AHCA, hello ACA. Again. While President Trump’s attempt to repeal and replace the Affordable Care Act (ACA) with the American Health Care Act (AHCA) has left many Americans relieved …
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IRSMedicaid
As IRS Section 1332 Support Continues, Can States Reform Healthcare On Their Own?
by Robert Sheenby Robert SheenNow that the vote on the American Healthcare Act has been withdrawn, and its return highly unlikely, it would appear that the Affordable Care Act will continue to be the …
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When news broke last week that the Affordable Care Act would no longer be repealed and replaced, it signified an end to the waiting game on the fate of America’s …
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Affordable Care ActHealth Care Coverage
Another Attempt to Repeal the ACA in the Foreseeable Future? Unlikely.
by Robert Sheenby Robert SheenIt’s been more than seven years since the enactment of the Patient Protection and Affordable Care Act (ACA) and there were some 60 plus attempts to repeal by Republicans during …
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Affordable Care Act
Businesses Need to Make Affordable Care Act Filings with the IRS by March 31 or Request an Automatic Extension
by Robert Sheenby Robert SheenSome businesses may have suffered from wishful thinking when the legislation to repeal and replace the Patient Protection and Affordable Care Act (ACA) was proposed by Speaker Ryan and trumpeted …
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Affordable Care ActAmerican Health Care Act (AHCA)
Breaking: Affordable Care Act Will Not Be Repealed Due To Votes
by Robert Sheenby Robert SheenThe New York Times broke the story today that House Speaker Paul Ryan “rushed” to the White House to explain to President Trump that he lacked the votes to repeal …
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Affordable Care ActAmerican Health Care Act (AHCA)Health Care Coverage
Would American Health Care Act Dis-incentivize Employers From Offering Healthcare?
by Robert Sheenby Robert SheenOp-Ed Published on LA Biz Journal on March 21, 2017 Starting in the 1940’s, the Internal Revenue Service (IRS) made employer-based healthcare tax free. Employers were not required to offer …
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Affordable Care ActHealth Care Coverage
Infographic: Healthcare Affordability Has Been On The Decline Since 2015
by Robert Sheenby Robert SheenMany have said the Affordable Care Actis still not affordable, and that might be true as a matter of opinion. “Affordability” is defined by the ACA to be below 9.5% …
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ACA AuditACA Compliance
The IRS ACA Audit Process Forces Employers to Prove Their Case or Face Penalties
by Robert Sheenby Robert SheenOp-Ed Updated Published on March 16, 2017 on ‘Accounting Today’ A few weeks after the national election, the Internal Revenue Service (IRS) began to issue notices to employers who may …
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Affordable Care ActHealth Care Coverage
The ACA Replacement Plan Likely To Save Money But Add 24 Million Uninsured
by Robert Sheenby Robert SheenRepublican House Speaker Paul Ryanrecently released the House leadership’s plan for an ACA repeal and replacement. While more light was shed on previously unanswered questions such as the fate of …
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Affordable Care ActAmerican Health Care Act (AHCA)
Just Weeks After Replacement Plan Surfaces, House GOP Readies Amendments
by Robert Sheenby Robert SheenA few weeks ago, Republican House Speaker Paul Ryan voiced the House GOP’s plans for a repeal and the replacement plan, which placed a heavy focus on eliminating ACA-mandated taxes. …
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Affordable Care ActHealth Care CoverageRegulations
Uber Is Triumphant In California Misclassification Case
by Robert Sheenby Robert SheenUber made a huge stride in their favor at the top of March, when a California courtnamed them victorious in yet another misclassification case. The case surrounded once again classifications …
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Affordable Care ActHealth Care Coverage
When It Comes To Healthcare, Are You Grandfathered Or Grandmothered?
by Robert Sheenby Robert SheenThe Center for Consumer Information & Insurance Oversight (CCIIO), under the Centers for Medicare& Medicaid Services (CMS), released a notice at the close of February, announcing that insurance companies may …
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Affordable Care ActHealth Care Coverage
The American Health Care Act Prohibits Tax Credits for Abortion Coverage
by Robert Sheenby Robert SheenThe Patient Protection and Affordable Care Act (ACA) did not change state law on abortions and expressly allowed states to elect out of abortion coverage in qualified health plans offered …
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Affordable Care ActHealth Care CoverageReporting
IRS Extends Transition Relief For QSE HRA Notice
by Robert Sheenby Robert SheenAt the close of February, the IRSreleased a notice regarding qualified small employer health reimbursement arrangement (QSE HRA) notices and an extension until further guidance is provided. These notices are …
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Affordable Care Act
KFF Study Shows Proposed ACA Replacement Plan May Cut Tax Credits
by Robert Sheenby Robert SheenAs part of President Trump’s plans for repeal and replacement of the Affordable Care Act, one element that remains in the forefront is that of proposed tax credits (PTCs) for …
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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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Health Care CoverageReporting
Employer Reporting Continues Under House Republican Leadership Proposed Bill
by Robert Sheenby Robert SheenOn March 6, 2017, the House Leadership recently unveiled its proposed bill called “American Health Care Act.”Among its provisions, the bill calls for termination of the issuance of premium tax …
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Affordable Care ActRegulations
House Republican Leadership Announce Their ACA Repeal and Replace Bill
by Robert Sheenby Robert SheenThe Republican leadership in the House recently proposed its ACA repeal and replace bill. It remains uncertain as to whether Republicans can secure enough support amongst themselves to pass the …
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Affordable Care ActElection
Will GOP Senators Struggle with Re-Election with an ACA Repeal?
by Robert Sheenby Robert SheenOne thing is for certain when it comes to the Affordable Care Act: it keeps the people talking. As Republicans talk of a repeal, with a replacement plan that will …
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Affordable Care ActHealth Care Reform
Former GOP Speaker Doubts an ACA Repeal Will Occur
by Robert Sheenby Robert SheenOn February 24th, President Trump spoke at the Conservative Political Action Conference (CPAC) and echoed his continued sentiment that the Affordable Care Act must be repealed and replaced. He referred …
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Affordable Care ActReporting
The IRS Won’t Reject Returns Without Healthcare Reporting, But You May Be Penalized
by Robert Sheenby Robert SheenAs we settle into the heart of tax season, the IRS has some new updates regarding how healthcare is reported on tax returns. The Affordable Care Act mandates individuals to …
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ACA ReformHealth Care Coverage
President Trump Proposes New Rule To Stabilize ACA Marketplace
by Robert Sheenby Robert SheenDetails on President Trump’s plans for an ACA repeal and replacement are finally coming to light. In a new proposed rule, the stabilization of the exchange is placed at the …
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Affordable Care ActHealth Care CoveragePolls/Surveys
New KFF Study Shows A Change In The Perception of The ACA
by Robert Sheenby Robert SheenAs the Trump Administration begins the rollout for changes to healthcare reform—namely a repeal and replacement of the Affordable Care Act—there appears to be changes in American opinions of the …
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Affordable Care Act
Does The Newly Revised HHS 2017 Calendar Suggest A Delayed ACA Repeal?
by Robert Sheenby Robert SheenWhile the Trump Administration’s proposed rule for market stabilization was circulated in the middle of February, also included were date changes for 2017 and 2018 by the Department of Health …