ACA Employer Mandate Penalties Increasing in 2021

ACA Employer Mandate Penalties Increasing in 2021

November 19, 2020 3 minute read: Earlier this year, the IRS issued the 2021 employer mandate penalties under IRC 4980H(a) and 4980H(b). It should come as no surprise that the penalty amounts have Read More
ACA Likely to Remain Following Supreme Court Oral Arguments

ACA Likely to Remain Following Supreme Court Oral Arguments

November 16, 2020 3 minute read: The Affordable Care Act may have avoided the possibility of being removed once and for all, as the Supreme Court hearing last week suggests. The California v. Read More
Prop 22 has Significant Implications on ACA Healthcare Benefits

Prop 22 has Significant Implications on ACA Healthcare Benefits

November 11, 2020 2 minute read: With everyone’s attention focused on the results of the presidential election, folks may not realize that California Prop 22 will pass. As of November 6, the status Read More
IRS Announces COVID-19 Tax Relief Initiative to Help Taxpayers

IRS Announces COVID-19 Tax Relief Initiative to Help Taxpayers

November 9, 2020 2 minute read: On November 2, 2020, the IRS announced several changes to its collection procedures to assist struggling taxpayers impacted by COVID-19. These changes include: Taxpayers who qualify for Read More
Election Day Recap and Potential ACA Changes

Election Day Recap and Potential ACA Changes

November 4, 2020 3 minute read: Heading into Election Day, a record-breaking one million Americans cast their ballots early, creating a myriad of potential challenges for determining a clear victor in the 2020 Read More
Lower ACA Premiums Heading into Open Enrollment for 2021

Lower ACA Premiums Heading into Open Enrollment for 2021

November 2, 2020 3 minute read: The Healthcare.gov open enrollment period for the 2021 tax year will begin on November 1, 2020, and will run through December 15. Surprisingly, premiums are down and Read More
The New 1095-C Codes for 2020 Explained

The New 1095-C Codes for 2020 Explained

October 29, 2020 2 minute read: We recently covered the ins and outs of the ACA’s Form 1095-C. Now, we will be covering the new codes that are anticipated for the 2020 tax Read More
D.C. Upholds Health Carrier Tax, Supporting ACA Health Exchanges

D.C. Upholds Health Carrier Tax, Supporting ACA Health Exchanges

October 27, 2020 3 minute read: An argument regarding the District of Columbia’s ACA health exchange tax was decided late last month. The decision rules in favor of the tax, supporting state-run health Read More
IRS to Require Reporting of ICHRAs on Tax Forms for 2020

IRS to Require Reporting of ICHRAs on Tax Forms for 2020

October 21, 2020 2 minute read: An Individual Coverage Health Reimbursement Arrangement (ICHRA) can be beneficial for employers and employees alike. According to HealthCare.gov, employers can “control costs by providing defined non-taxed reimbursements Read More
Possible ACA Outcomes If Joe Biden Is Elected in November

Possible ACA Outcomes If Joe Biden Is Elected in November

October 19, 2020 2 minute read: With the 2020 presidential election a few short weeks out, it’s incredibly important that voters understand what Joe Biden versus Donald Trump will do to the ACA Read More
Form 1095-C Deadline Approaching, Employers Avoid Penalties

Form 1095-C Deadline Approaching, Employers Avoid Penalties

October 14, 2020 2 minute read: “What exactly is Form 1095-C?” It’s a question that employers often ask when they’re first introduced to the responsibilities of the ACA’s Employer Mandate. In this post, Read More
SCOTUS Nominee & ACA Compliance Complications

SCOTUS Nominee & ACA Compliance Complications

October 12, 2020 2 minute read: With the potential of Trump’s nominee, Amy Coney Barrett, becoming the newest justice on the U.S. Supreme Court in time for the November 10, 2020 hearing on Read More
Employers Must Show Reasonable Cause for Failure to File IRS Forms

Employers Must Show Reasonable Cause for Failure to File IRS Forms

October 7, 2020 2 minute read: The IRS imposes penalties for late filing of Forms 1094-C and 1095-C or for late furnishing of Forms 1095-C under Internal Revenue Code (IRC) Sections 6721 and Read More
Big IRS News Concerning 2020 ACA Deadlines

Big IRS News Concerning 2020 ACA Deadlines

October 5, 2020 2 minute read: The IRS just released very important guidance concerning employers’ obligations under the Affordable Care Act. Notice 2020-76, released October 2, 2020, addresses a broad array of topics Read More
Proposition 22 Will Require Healthcare Subsidies and Reporting

Proposition 22 Will Require Healthcare Subsidies and Reporting

October 1, 2020 2 minute read: Proponents of Proposition 22 have flooded TV airwaves with ads warning against the loss of jobs if Prop 22 does not pass. Prop 22 is a ballot Read More
ACA Expectations Heading into the 2020 Election

ACA Expectations Heading into the 2020 Election

September 28, 2020 3 minute read: As the fourth quarter of 2020 draws near, so does the presidential election. A popular topic of debate to be addressed in the coming election is healthcare, Read More
IRS Releases New ACA Filing Information for the 2020 Tax Year

IRS Releases New ACA Filing Information for the 2020 Tax Year

September 24, 2020 2 minute read: The IRS has published various Affordable Care Act Information Returns (AIRs) documents for the 2020 tax year with which employers will need to familiarize themselves before filing Read More
What You Need to Know About Letter 5699

What You Need to Know About Letter 5699

September 22, 2020 2 minute read: What Is Letter 5699? Letter 5699, Missing Information Return Form 1094/1095-C, is used to make initial contact with an organization that the IRS believes may have been Read More
New IRS Notice Addresses COVID-19, Medicaid, and the ACA

New IRS Notice Addresses COVID-19, Medicaid, and the ACA

September 16, 2020 2 minute read: New IRS guidance addresses the intersection of COVID-19, Medicaid, and the Affordable Care Act (ACA). In a bid to increase COVID-19 testing in the U.S., one facet Read More
New Victory Shows ACA’s Staying Power in Court

New Victory Shows ACA’s Staying Power in Court

August 24, 2020 2 minute read: In another court victory for the Affordable Care Act (ACA), a federal appellate court ruled in Texas v. Rettig that a provision of the ACA that imposes Read More
Employers, Are You Prepared for the DC 1094-C/1095-C Filing Requirements?

Employers, Are You Prepared for the DC 1094-C/1095-C Filing Requirements?

June 17, 2020 2 minute read: Washington DC is one of several jurisdictions to have implemented an individual mandate in the wake of Congress zeroing out the federal ACA penalty for individuals who Read More
Congress May Give PPP Recipients More Relief from the IRS

Congress May Give PPP Recipients More Relief from the IRS

May 11, 2020 1 minute read: On April 30, 2020 the IRS recently issued IRS Notice 2020-32. This Notice discusses the tax deductibility status of expenses that are forgiven under the Paycheck Protection Read More
ACA to Remain Following Fifth Circuit Court Decision

ACA to Remain Following Fifth Circuit Court Decision

December 20, 2019 2 minute read: On Wednesday of this week, the Fifth Circuit handed down a ruling regarding the constitutionality of the Affordable Care Act. The majority of the ACA will continue Read More
IRS Renews Insurer Fees

IRS Renews Insurer Fees

September 9, 2019 1 minute read: The IRS has released Notice 2019-50, which outlines the Applicable Fee amount for the 2020 tax year. This is the fee to be charged to health insurance Read More
The ACA Remains Popular

The ACA Remains Popular

February 6, 2019 2 minute read: The Affordable Care Act has seemed to turn the corner. On a number of fronts, it appears that the ACA is now being accepted as a beneficial Read More
California Carries the Torch for State-Based Individual Mandates

California Carries the Torch for State-Based Individual Mandates

January 16, 2019 2 minute read: California Governor Gavin Newsom has not wasted time wading into the healthcare debate. The governor has proposed an individual mandate requiring all California residents to obtain health Read More
ACA Compliance Should Continue Despite Government Shutdown

ACA Compliance Should Continue Despite Government Shutdown

January 9, 2019 2 minute read: As we enter the third week of government shutdown, we’re on track to surpass the longest shutdown in U.S. history. The shutdown affects many government agencies, including Read More
Latest Court Ruling Will Not Stop ACA Enforcement

Latest Court Ruling Will Not Stop ACA Enforcement

December 17, 2018 3 minute read:  Here we go again. Another attack on the Affordable Care Act that will cause employers to think that the law and its Employer Mandate to provide health Read More
More Insurers Will Participate in the ACA Marketplace in 2019

More Insurers Will Participate in the ACA Marketplace in 2019

November 21, 2018 3 minute read: It was predicted that the health insurance marketplace would be turned upside down with the individual mandate penalty effectively reduced to $0 beginning January 1,2019. However, that Read More
ACA Support May Dictate Midterm Election Results

ACA Support May Dictate Midterm Election Results

November 5, 2018 2 minute read:  Americans across the country will report to their respective poll places to cast their ballots in the midterm elections on November 6, and the issue of healthcare Read More
ACA Popularity Remains Strong as Midterms Approach

ACA Popularity Remains Strong as Midterms Approach

October 10, 2018 2 minute read:  The midterm elections are less than a month away on November 6. With an estimated 20 million Americans at risk of losing health coverage if the ACA Read More
Expect the IRS to Start Issuing ACA Penalties for 2016 Tax Year in November

Expect the IRS to Start Issuing ACA Penalties for 2016 Tax Year in November

September 26, 2018 3 minute read:  As November approaches, two things seem certain. There will be national midterm elections and the IRS will begin issuing Letter 226J penalty notices to employers identified as Read More
The Affordable Care Act, and Why You Can’t Afford to Ignore It [UPDATE]

The Affordable Care Act, and Why You Can’t Afford to Ignore It [UPDATE]

August 27, 2018 5 minute read: It’s always interesting to look back and see how the contours of a law changes in time. The Affordable Care Act (ACA) is no exception. I wrote Read More
Midterm Elections Won’t Affect the Employer Mandate

Midterm Elections Won’t Affect the Employer Mandate

August 20, 2018 2 minute read: Since President Trump took office, a top priority has been to repeal and replace the Affordable Care Act (ACA) and his administration continues its attempts to undermine Read More
More Americans Paying for ACA Health Plans

More Americans Paying for ACA Health Plans

July 11, 2018 2 minute read: It’s no secret that replacing the law is a top priority for President Trump and a majority of Republicans in Congress. Recent data from the Centers for Read More
Proposed Farm Bill Another Attempt to Undermine ACA

Proposed Farm Bill Another Attempt to Undermine ACA

June 18, 2018 3 minute read: It’s well known that the Trump administration is doing all it can to undermine the Affordable Care Act. The recent decision by the federal Justice Department to Read More
Proposed California Bill Puts the State in Charge of Healthcare Costs

Proposed California Bill Puts the State in Charge of Healthcare Costs

May 21, 2018 2 minute read: As the current White House and Congressional Republicans continue to snipe at the Affordable Care Act, some states are taking action to shore up the federal healthcare Read More
IRS Confirms Continued Enforcement of ACA Employer Mandate [UPDATE]

IRS Confirms Continued Enforcement of ACA Employer Mandate [UPDATE]

May 14, 2018 3 minute read: The evidence continues to mount that the employer mandate in the Affordable Care Act is not going away soon, if ever. And the process of the IRS Read More
ACA Complexity to Grow as States Develop Their Own Healthcare Solutions [UPDATE]

ACA Complexity to Grow as States Develop Their Own Healthcare Solutions [UPDATE]

April 2, 2018 5 minute read:   The many false starts of the Republican-led effort to dismantle the Affordable Care Act (ACA), along with the Trump administration’s continued efforts to undermine the healthcare law, Read More
Organizations Ignoring the ACA are at Financial Risk

Organizations Ignoring the ACA are at Financial Risk

March 26, 2018 5 minute read:  It’s hard to believe, but many organizations continue to be in denial about their need to comply with the Affordable Care Act (ACA). Time and time again Read More
More Signs Pointing to Continued IRS Enforcement of the ACA [UPDATE]

More Signs Pointing to Continued IRS Enforcement of the ACA [UPDATE]

March 12, 2018 As we look forward to the start of spring, all signs are pointing to the IRS continuing its efforts to enforce the Affordable Care Act (ACA). A new wave of Read More
2018 Affordable Care Act Enrollment Shows Marketplace Stabilizing

2018 Affordable Care Act Enrollment Shows Marketplace Stabilizing

February 19, 2018 The Centers for Medicare and Medicaid Services (CMS) plan to release a more detailed 2018 enrollment report in March for the recent open enrollment under the Affordable Care Act, including Read More
Masshealth Changes Come With a Hefty Price Tag For Employers [UPDATE]

Masshealth Changes Come With a Hefty Price Tag For Employers [UPDATE]

February 12, 2018 While healthcare continues to be talked about by the federal government, some state governments are taking steps of their own to shore up the Affordable Care Act (ACA) impact on Read More
Expect IRS to Enforce the ACA’S Individual and Employer Mandates [UPDATE]

Expect IRS to Enforce the ACA’S Individual and Employer Mandates [UPDATE]

February 7, 2018 The approval of tax reform legislation by Congress may ultimately have an impact on the Affordable Care Act (ACA) in 2019. That’s when the legislation essentially repeals the individual mandate Read More
ACA Health Insurance Marketplace May Stabilize In 2018

ACA Health Insurance Marketplace May Stabilize In 2018

January 22, 2018 It’s been a tumultuous year for the Affordable Care Act (ACA). From insurers withdrawing from providing health insurance on government exchanges to spiking premiums in the face of financial losses Read More
Individual Healthcare Mandate Being Considered in Maryland [UPDATE]

Individual Healthcare Mandate Being Considered in Maryland [UPDATE]

January 18, 2018 Senate Republicans added repeal of the ACA’s individual mandate to the Senate’s tax reform bill to save nearly $340 billion in federal funds during the next decade to mitigate increases Read More
The Affordable Care Act Has Helped Millions, But There’s More Work To Do

The Affordable Care Act Has Helped Millions, But There’s More Work To Do

January 9, 2018 In 2010, former President Barack Obama introduced the Affordable Care Act (ACA) in an effort to provide more Americans with health coverage. Over the course of its now-nearly eight-year run, Read More
As Congress Moves To Remove Individual Mandate, States Seek Their Own Version

As Congress Moves To Remove Individual Mandate, States Seek Their Own Version

January 8, 2018 It was a decade ago when Massachusettsimplemented its own individual mandate that required state residents to obtain health insurance or face financial ramifications. Nationwide, that rule became the framework of Read More
Despite Tax Reform, Expect IRS to Enforce the ACA’s Individual and Employer Mandates

Despite Tax Reform, Expect IRS to Enforce the ACA’s Individual and Employer Mandates

January 3, 2018 The approval of tax reform legislation by Congress may ultimately have an impact on the Affordable Care Act (ACA) in 2019. That’s when the legislation essentially repeals the individual mandate Read More
2018 Enrollment in Affordable Care Act Shows Americans’ Support

2018 Enrollment in Affordable Care Act Shows Americans’ Support

January 2, 2018 Open enrollment to obtain insurance starting on January 2018 under the Affordable Care Act (ACA) ended on December 15 with more than 8.7 million Americans signing up for coverage, according Read More