The IRS’s Forms 1095 For the ACA Explained

The IRS’s Forms 1095 For the ACA Explained

July 9, 2021 A number of changes were introduced to the health insurance marketplace with the passage of the ACA in 2010. From different reporting forms and health insurance plan requirements to the Read More
Understanding ACA Forms 1094-C/1095-C

Understanding ACA Forms 1094-C/1095-C

June 25, 2021 Employers required to comply with the ACA’s Employer Mandate must report their full-time employee’s healthcare information to the IRS annually via forms 1094-C and 1095-C, but what exactly are these Read More
These Common Mistakes Can Result in ACA Penalties

These Common Mistakes Can Result in ACA Penalties

June 18, 2021 3 min read ACA compliance can be time-consuming and complex. There is a myriad of issues that can arise during the course of the year that can make employers’ annual Read More
Get to Know the ACA’s Rule of Parity

Get to Know the ACA’s Rule of Parity

May 28, 2021 3 minute read Without the proper tools or subject matter expertise, tackling the responsibilities of the Affordable Care Act’s Employer Mandate on your own can be overwhelming.  This is especially Read More
IRS Limited Non-Assessment Periods Help Avoid ACA Penalties

IRS Limited Non-Assessment Periods Help Avoid ACA Penalties

May 21, 2021 4 minute read The Employer Shared Responsibility Provisions (ESRP) under the Affordable Care Act may seem straightforward, but, in reality, complying with them can be challenging and time-consuming. An area Read More
How to Handle ACA Filing Corrections With the IRS

How to Handle ACA Filing Corrections With the IRS

May 7, 2021 3 minute read: If you found yourself in a situation where you received receipt of your ACA information returns for 2020 with a status of “Accepted with Errors,” you’re not Read More
IRS Affordability Safe Harbors Help Avoid ACA Penalties

IRS Affordability Safe Harbors Help Avoid ACA Penalties

May 6, 2021 4 minute read: How exactly do employers prove to the IRS that the healthcare plans they are offering to their workforce are affordable under the Affordable Care Act? It’s an Read More
IRS Enforcement of the ACA is Increasing

IRS Enforcement of the ACA is Increasing

April 19, 2021 3 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 Read More
What Happens if You Fail to Pay an ACA Penalty?

What Happens if You Fail to Pay an ACA Penalty?

April 15, 2021 3 minute read: Have you ever wondered what would happen if your organization failed to pay penalties assessed by the IRS under the ACA? In this post, Trusaic explains what Read More
Classify Workers Correctly to Determine ALE Status and Avoid ACA Penalties

Classify Workers Correctly to Determine ALE Status and Avoid ACA Penalties

April 13, 2021 3 minute read: Classifying workers is an important step for employers determining if the requirements of the ACA’s Employer Mandate apply to them. This is due to the necessary step Read More
ACA Affordability for the 2021 Tax Year

ACA Affordability for the 2021 Tax Year

April 9, 2021 2 minute read: For the 2021 tax year, the ACA affordability threshold will increase to 9.83%. That means employees will likely have to contribute more towards their employer-sponsored healthcare. IRS Read More
Recapping on Biden’s ACA Reforms, What Employers Need to Know

Recapping on Biden’s ACA Reforms, What Employers Need to Know

April 8, 2021 3 minute read: Since Biden took office on January 20, 2021, several advancements to the Affordable Care Act followed, so we thought it best to recap on the ACA reforms Read More
Final Rule Allows for More Flexibility with Grandfathered Health Plans

Final Rule Allows for More Flexibility with Grandfathered Health Plans

April 6, 2021 3 minute read: In December 2020, the Departments of Labor, Health and Human Services, and Treasury (including the IRS) issued a final rule regarding ACA grandfathered health plans.  Grandfathered health Read More
March 31 is the Deadline for E-Filing ACA Returns With the IRS

March 31 is the Deadline for E-Filing ACA Returns With the IRS

March 31, 2021 2 minute read: March 31, 2021, is the deadline for e-filing ACA returns, Forms 1094-C and 1095-C, to the IRS for the 2020 tax year as required by the ACA’s Read More
ACA Improvements to Expect from the Biden Administration

ACA Improvements to Expect from the Biden Administration

January 19, 2021 3 minute read: The inauguration welcoming president-elect Joe Biden to the White House is imminent and with the recent shift in majority control of the Senate, we can expect a Read More
Democrats Gain Senate, Paving the Way for Biden’s ACA Agenda

Democrats Gain Senate, Paving the Way for Biden’s ACA Agenda

January 12, 2021 3 minute read: The results from last week’s Senate runoff race in Georgia have given Democrats control of the Senate, paving the way for Joe Biden’s presidency and his agenda Read More
2021 Dates for ACA Reporting

2021 Dates for ACA Reporting

January 5, 2021 3 minute read: The new year is here, and with it a laundry list of items to be sure your organization has a handle on, including ACA reporting with the Read More
New Individual Mandate Regulations: What You Need to Know

New Individual Mandate Regulations: What You Need to Know

December 30, 2020 3 minute read: The California Franchise Tax Board (FTB) just published Final Regulations on the Individual Shared Responsibility Penalty. The California Individual Mandate, in effect since January 1, 2020, will Read More
Minimize Penalties with ACA Best Practices for the Holiday Season

Minimize Penalties with ACA Best Practices for the Holiday Season

December 28, 2020 3 minute read: With the New Year around the corner, employers should begin preparing their ACA Forms 1094-C and 1095-C if they haven’t already begun to do so. Each year, Read More
ACA Office Reopens & Issues 2018 Penalty Letters

ACA Office Reopens & Issues 2018 Penalty Letters

September 14, 2020 1 minute read: The IRS Affordable Care Act (ACA) Enforcement Office, located in Ogden, Utah, had been temporarily closed since late March 2020, due to state stay-at-home orders issued in Read More
What California Residents Need to Know About the Individual Mandate

What California Residents Need to Know About the Individual Mandate

September 8, 2020 2 minute read: This year will mark the first year that California residents will face a new reality of the Individual Mandate. While 2019 was a year of reprieve from Read More
ACA to Aid Millions in Obtaining Healthcare, KFF Report Finds

ACA to Aid Millions in Obtaining Healthcare, KFF Report Finds

September 4, 2020 2 minute read: The data is in: at least 27 million Americans have lost employer-sponsored health coverage as a result of COVID-19. The Kaiser Family Foundation issued a report in Read More
ACA Reporting to Grow in Complexity Due to State Individual Mandates

ACA Reporting to Grow in Complexity Due to State Individual Mandates

August 28, 2020 3 minute read: Employers with operations in states that have additional state level ACA reporting as a requirement of the state’s Individual Mandate know that it’s no easy undertaking, but Read More
New Jersey Adopts ACA Provision to Lower Healthcare Costs

New Jersey Adopts ACA Provision to Lower Healthcare Costs

August 26, 2020 3 minute read: Earlier this month, New Jersey signed into law a state version of an Affordable Care Act provision, the Health Insurance Assessment (HIA) program. New Jersey is the Read More
ACA Enhancement Bill Telling of the Times

ACA Enhancement Bill Telling of the Times

July 24, 2020 2 minute read: House of Representative Democrats have unveiled a bill that would enhance many of the ACA’s components while reversing much of the Trump administration’s onslaught to the healthcare Read More
Trump ACA Contraceptive Rule Upheld by Supreme Court

Trump ACA Contraceptive Rule Upheld by Supreme Court

July 22, 2020 2 minute read: On July 8, 2020 the Supreme Court handed down its decision in Little Sisters of the Poor v. Pennsylvania, upholding the new Trump Administration rule regarding contraceptive Read More
ACA’s Expansion of Medicaid Takes Hold in Oklahoma

ACA’s Expansion of Medicaid Takes Hold in Oklahoma

July 17, 2020 3 minute read: In late June, Oklahoma joined 37 other states and the District of Columbia in expanding Medicaid under the ACA. Better late than never and in good timing Read More
Californians Beware, The Individual ACA Penalty Has Increased

Californians Beware, The Individual ACA Penalty Has Increased

July 13, 2020 2 minute read: California residents that fail to obtain qualified health coverage this year will receive a penalty from the state for an amount larger than first projected. Per California’s Read More
IRS to Begin Issuing ACA Penalty Letters after July 15, 2020

IRS to Begin Issuing ACA Penalty Letters after July 15, 2020

July 10, 2020 2 minute read: Employers should start gearing up for IRS penalty letters issued under the Affordable Care Act. According to an announcement posted on the IRS website, the IRS has Read More
How Serious are Penalties under the ACA? Very.

How Serious are Penalties under the ACA? Very.

June 8, 2020 2 minute read: The Affordable Care Act (ACA) is the single most important piece of health care legislation in generations. One major reason for the ACA’s significant impact on the Read More
Proposed IRS Regs Will Not Affect How Individuals Receive PTCs

Proposed IRS Regs Will Not Affect How Individuals Receive PTCs

June 3, 2020 2 minute read: The IRS recently issued proposed regulations on how the personal tax exemption reduction to “0” will affect qualifications for recipients of Premium Tax Credits (PTCs). Regulation 124810-19, Read More
ACA’s Expansion of Medicaid Key Player for Providing Health Coverage Amid COVID-19

ACA’s Expansion of Medicaid Key Player for Providing Health Coverage Amid COVID-19

May 29, 2020 2 minute read: By now it’s become abundantly clear how important it is for individuals to have health coverage. COVID-19 or not, healthcare is saving lives and the ACA has Read More
Emergency Paid Sick Leave and the ACA

Emergency Paid Sick Leave and the ACA

May 28, 2020 3 minute read: If you are a U.S. business, there is a good chance that one or more of your employees have taken emergency paid sick leave. Such leaves may Read More
Why CMS’s 2021 Payment Notice May Lead to More PTC Allocations

Why CMS’s 2021 Payment Notice May Lead to More PTC Allocations

May 27, 2020 2 minute read: Back in March, the Centers for Medicare and Medicaid Services (CMS) issued the Notice of Benefit and Payment Parameters for 2021 (2021 Payment Notice). The rule includes Read More
New IRS Notice May Provide Relief and ACA Exposure

New IRS Notice May Provide Relief and ACA Exposure

May 26, 2020 2 minute read: In the wake of the COVID-19 pandemic, the Internal Revenue Service (IRS) has instituted a number of important adjustments to employee benefits plan compliance rules. Recently, the Read More
Employers May See More ACA Penalties As a Result of COVID-19

Employers May See More ACA Penalties As a Result of COVID-19

May 25, 2020 2 minute read: A new data analysis report from the Kaiser Family Foundation (KFF) finds the vast majority of Americans who lost their job amid COVID-19will be eligible for government Read More
ACA Penalties to Continue with the IRS Returning to Work

ACA Penalties to Continue with the IRS Returning to Work

May 18, 2020 2 minute read: As states begin to lift their shelter-in-place orders and begin plans to re-open, employers should take note of recent IRSactivity, as the agency is expediting its efforts Read More
Supreme Court Rules in Favor of ACA Risk Corridors

Supreme Court Rules in Favor of ACA Risk Corridors

April 30, 2020 2 minute read: The Affordable Care Act chalked up a win in late April when the Supreme Court ordered the federal government to pay insurance companies funding it’s been entitled Read More
Potential ACA Relief for Employers Facing COVID-19 Hardship

Potential ACA Relief for Employers Facing COVID-19 Hardship

April 24, 2020 2 minute read: As the COVID-19 global health pandemic continues to affect businesses large and small, employers must still comply with the requirements of the ACA’s Employer Mandate. As a Read More
ACA COVID-19 Special Enrollment Periods Open in States Across the Country

ACA COVID-19 Special Enrollment Periods Open in States Across the Country

April 20, 2020 2 minute read: While Trump Administration shot down the idea of a special ACA enrollment period to help individuals who have lost their coverage due to the COVID-19 Pandemic, states Read More
ACA Penalties on The Rise in 2020

ACA Penalties on The Rise in 2020

April 8, 2020 2 minute read: The IRS has been busy issuing penalties to employers that failed to comply with the ACA’s Employer Mandate for the last several tax years. Employers should note Read More
Federal Special Enrollment Period on the Horizon

Federal Special Enrollment Period on the Horizon

March 25, 2020 2 minute read: The Trump Administration is doing the unexpected and considering a special ACA enrollment period in light of the COVID-19 Pandemic. The special enrollment period will provide uninsured Read More
California Extends Special Enrollment Period

California Extends Special Enrollment Period

March 23, 2020 2 minutes read: Due to the enormous challenges the coronavirus crisis is imposing on our healthcare system, the state of California has extended its Special Enrollment period. Effective immediately, the Read More
Supreme Court to Rule on ACA Constitutionality

Supreme Court to Rule on ACA Constitutionality

March 16, 2020 2 minute read: The Supreme Court has agreed to rule on the constitutionality of the Affordable Care Act, for a second time. This unusual turn of events comes after the Read More
ACA Changes Continue to Stabilize the Marketplace

ACA Changes Continue to Stabilize the Marketplace

March 11, 2020 3 minute read:  According to research by the Kaiser Family Foundation (KFF), there will be an average of 4.5 insurers per state this year, up from 4.0 in 2019 and Read More
The Gig Economy Is Losing Ground in its Fight with AB5

The Gig Economy Is Losing Ground in its Fight with AB5

March 6, 2020 3 minute read: The passage and implementation of Assembly Bill 5 (“AB5”) in California has become a reckoning for employers who engage with large numbers of independent contractors and has Read More
California Health Exchange Welcomes New Enrollees Thanks to Individual Mandate

California Health Exchange Welcomes New Enrollees Thanks to Individual Mandate

March 4, 2020 2 minute read: As California finalizes its initial open enrollment results, the data shows the state’s Individual Mandate played a part in the higher turnout. According to Covered California, the Read More
ACA Paper Filing Submissions are Due to the IRS Today

ACA Paper Filing Submissions are Due to the IRS Today

March 2, 2020 2 minute read: Today is the IRS deadline for employers to provide paper filings of forms 1094-C and 1095-C to the IRS for the 2019 tax year as required by Read More
AIRs Portal Downtime Could Prove Problematic for Employers

AIRs Portal Downtime Could Prove Problematic for Employers

February 28, 2020 3 minute read: When submitting ACA filings to the IRSeach year, many employers elect to file electronically, due to the many benefits. What employers may be unaware of however, is Read More
The Codes on Form 1095-C Explained

The Codes on Form 1095-C Explained

February 24, 2020 3 minute read: Every year Applicable Large Employers (“ALEs”) must file Forms 1094-C and 1095-C with the IRS and furnish Forms 1095-C to employees considered full-time under the Affordable Care Read More