3 minute read: The Congressional Budget Office (CBO) issued a report last month that outlines the budgetary effects on American employment if the Raise the Wage Act of 2021 is …
Congressional Budget Office (CBO)
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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 …
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Affordable Care ActIRS 226J/226-J
IRS Letter 226J Notices for 2015 Tax Year May Be Issued Through 2019
by Robert Sheenby Robert Sheen3 minute read: Employers who have not yet received a 2015 ESRP penalty notice should not breathe a sigh of relief yet. The IRS identified 49,259 employers at risk for …
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Affordable Care Act
Organizations Ignoring the ACA are at Financial Risk
by Robert Sheenby Robert Sheen5 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 …
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Affordable Care ActHealthcare
Individual Healthcare Mandate Being Considered in Maryland [UPDATE]
by Robert Sheenby Robert SheenSenate 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 …
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Affordable Care ActHealth Care Coverage
The Affordable Care Act Has Helped Millions, But There’s More Work To Do
by Robert Sheenby Robert SheenIn 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, …
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Affordable Care ActTax Reform
Tax Reform Bills Keep ACA Employer Mandate Intact
by Robert Sheenby Robert SheenThrowback Thursday Feature from Wednesday, December 6, 2017. When the U.S. House and Senate Republicans meet in conference to discuss how they will reconcile their two different tax reform legislations, among …
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As we enter into the annual Thanksgiving break, there is much to be thankful for. Most lists will include giving thanks for family, friends, and employment. And almost 1.5 million …
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Affordable Care ActHealth Insurance Marketplace
The Healthcare Marketplace is Stabilizing Around the ACA
by Robert Sheenby Robert SheenWe are well into open enrollment period for the Affordable Care Act (ACA). Despite significant increases in premium rates for 2018, enrollment for healthcare coverage on HealthCare.gov is higher than …
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Affordable Care Act
With ACA Open Enrollment Weeks Away, Trump Cancellation of CSR Payments Not Deterring Insurers
by Robert Sheenby Robert SheenPerhaps only time will tell if President Trump can succeed where Republicans in Congress have failed to obliterate the Affordable Care Act (ACA). The President’s ambitious attempts to derail the …
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ACA ReformAffordable Care Act
Back to Congress: Changes to Modify the ACA to Continue Subsidy Payments to Insurers to Stabilize Insurance Markets Are Still In Play
by Robert Sheenby Robert SheenBipartisan discussions spearheaded by the U.S. Senate’s Committee on Health, Education, Labor and Pensions may lead to legislation that will continue cost-sharing reduction (CSR) payments to insurance companies providing health …
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Affordable Care ActHealth Care Reform
Possible Extension Of Cost-Sharing Reduction Payments, More Flexibility for States May Face A Challenge
by Robert Sheenby Robert SheenThe U.S. Senate Committee on Health, Education, Labor and Pensions hearings on the Affordable Care Act could lead to bipartisan legislation for Congressional approval to continue cost-sharing reduction (CSR) payments …
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Affordable Care ActHealth Care Coverage
Congressional Budget Office Expects Health Insurance Premiums to Increase
by Robert Sheenby Robert SheenGross premiums for silver-level health insurance plans purchased through the healthcare marketplace would be 20 percent higher in 2018 and 25 percent higher by 2020 if cost-sharing reductions (CSRs) payments …
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Affordable Care ActMedicaid
Medicaid Receives Praise From Its Recipients
by Robert Sheenby Robert SheenThere’s a fallacy amongst some people that suggests Medicaid recipients are receiving less than stellar healthcare. That couldn’t be further from the truth according to a new study from Harvard’s …
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The Congressional Budget Office previously forewarned that a post-ACA world would lead to some financial troubles, and that those effects could trickle down significantly into the pockets of the American …
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Affordable Care ActHealth Care Reform
Complexities Await Should ACA Be Amended Prior To Repeal
by Robert Sheenby Robert SheenOn June 26, President Trump tweeted, “Republican Senators are working very hard to get there, with no help from the Democrats. Not easy! Perhaps just let OCare crash & burn!” …
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Affordable Care ActHealth Care Reform
Senate Republicans Ready ACA Replacement Plan In Private
by Robert Sheenby Robert SheenEarlier this year, House Republicans gathered in the wee hours of the morning to secretly prepare a replacement plan for the repeal of the Affordable Care Act (ACA). The result …
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Affordable Care ActAmerican Health Care Act (AHCA)
Has The Public Changed Its Tune On The Affordable Care Act?
by Robert Sheenby Robert SheenThe fate of the Affordable Care Act currently rests in the hands of Senate as they dissect Trump’s American Health Care Act and either approve it, dismantle it or just …
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American Health Care Act (AHCA)Health Care Coverage
President Trump’s Budget Proposal Poses Continued Threat To Medicaid And Planned Parenthood
by Robert Sheenby Robert SheenLast week, news broke that the Congressional Budget Office (CBO) estimated that Trump’s newly revamped American Health Care Act (AHCA) will leave 23 million more people uninsured in 2026 than …
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American Health Care Act (AHCA)Health Care Coverage
CBO Scoring Shows 23 Million Will Lose Insurance by 2026 Under the Revised House Healthcare Bill
by Robert Sheenby Robert SheenSo much of Senate’s decisions appear to be surrounding the House GOP’s proposed healthcare bill rested on a score from the Congressional Budget Office (CBO). The scoring was guaranteed by …
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Affordable Care Act
Senate Begins Drafting Its Own ACA Replacement Bill, Some Related Taxes May Stay
by Robert Sheenby Robert SheenWithin 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 …
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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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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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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 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 Coverage
As ACA Repeal Draws Near, The CBO Weighs In
by Robert Sheenby Robert SheenIn a report dated January 17, the Congressional Budget Office (CBO) offered estimates on what would happen should the ACA be repealed. These figures range from premium prices to statistics …
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ACA ComplianceReporting
ACA Reporting And The IRS: What To Know About The Letter You Received
by Robert Sheenby Robert SheenAt the close of 2016, the IRS letters mailed notices to employers, signaling the start of the IRS’s Affordable Care Act (ACA) audit process. Despite much talk of an ACA …
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ACA ComplianceReporting
The IRS ACA Audit Has Begun: What To Do To Avoid Penalties
by Robert Sheenby Robert SheenA round of IRS letters have been mailed out to employers, signifying the start of the IRS’s Affordable Care Act audit process. As the Congressional Budget Office (CBO) anticipates nine …
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Affordable Care ActPenalties
SBA Posts New Interim Rule on SBA Loan Review Decisions Under the Paycheck Protection Program (PPP)
by Robert Sheenby Robert SheenPenalties are no joking matter when it comes to employers and the Affordable Care Act. A slip up in paperwork, negligence in reporting, or not offering minimum essential coverage to …
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Affordable Care ActApplicable Large Employer (ALE)
Small Businesses Are Still Not Moved By Health Care Tax Credits, Per Update From The GAO
by Robert Sheenby Robert SheenApplicable Large Employers, i.e. those with 50 or more full-time or full-time equivalent employees, have reluctantly taken to the ACA’s mandate for employer-sponsored health care for its employees. And while …