What you Need to Know About IRS Letter 5699

What you Need to Know About IRS Letter 5699

June 14, 2022 With the IRS making progress on its historic backlog, and ACA enforcement ramping up, employers should keep their eyes peeled for the warning notice, Letter 5699.  It’s in every organization’s Read More
Handling Seasonal Employees and Workers is Critical for ACA Compliance

Handling Seasonal Employees and Workers is Critical for ACA Compliance

June 9, 2022 Unfortunately, we’ve heard firsthand from many organizations that their Affordable Care Act compliance responsibilities tend to slip during the summer months following the push to submit annual ACA information filings Read More
What Employers Need to Know About the California Individual Mandate

What Employers Need to Know About the California Individual Mandate

June 7, 2022 May 31, 2022, marked the end date for filing California state ACA reporting information for the 2021 tax year. Did you get your information in on time? While it’s true Read More
Get to Know the ACA’s Rule of Parity

Get to Know the ACA’s Rule of Parity

June 1, 2022 Without the proper tools or subject matter expertise, tackling the responsibilities of the ACA’s Employer Mandate on your own can be overwhelming.  This is especially true if you are an Read More
IRS Proposed Ruling Could Change ACA Affordability

IRS Proposed Ruling Could Change ACA Affordability

May 11, 2022 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 Read More
Submit ACA Corrections Now to Avoid IRS Penalties

Submit ACA Corrections Now to Avoid IRS Penalties

April 20, 2022 The deadline to electronically file ACA forms 1094-C and 1095-C for the 2021 tax year was March 31. Did you make the deadline? If you did, were all your submissions 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, 2022 Today, March 31, 2021, is the e-filing deadline for submitting ACA Forms 1094-C and 1095-C to the IRS for the 2022 tax year, as required by the ACA’s Employer Mandate. Read More
ACA Affordability for the 2022 Tax Year

ACA Affordability for the 2022 Tax Year

March 22, 2022 With the 2021 ACA reporting season coming to an end later this month, employers should turn their attention to ACA compliance for the 2022 tax year. A key component of Read More
Deadline to Furnish ACA Form 1095-C is Today

Deadline to Furnish ACA Form 1095-C is Today

March 2, 2022 The deadline for distributing the ACAS 1095-C forms to full-time employees is today, March 2. Did you make it? This deadline applies to Applicable Large Employers (ALEs), or employers with Read More
AIRs Portal Downtime Could Prove Problematic for Employers

AIRs Portal Downtime Could Prove Problematic for Employers

January 13, 2022 On December 5, the IRS closed production of the Affordable Care Act’s Information Returns (AIRs) portal to prepare for 2021 reporting year electronic filing submissions.  The agency says that the Read More
ACA Signups for Open Enrollment Hit Record Highs

ACA Signups for Open Enrollment Hit Record Highs

January 11, 2022 Open enrollment for the 2022 plan year ends later this week but ACA signups are already hitting record new highs. Kaiser Health News cites a record-breaking 13.6 million Americans already Read More
State ACA Reporting and Furnishing Deadlines for Employers

State ACA Reporting and Furnishing Deadlines for Employers

January 4, 2022 Employers ringing in the New Year should remember that several states’ have additional ACA filing and furnishing obligations that must be completed for the 2021tax year. To help you get Read More
Remember, No Good Faith Transition Relief This Year

Remember, No Good Faith Transition Relief This Year

December 16, 2021 With the New Year just a few short weeks out, employers should remember that 2020 was the final year for Good Faith Transition Relief. That means filing late or inaccurate Read More
2022 Open Enrollment Sees Lower ACA Premiums

2022 Open Enrollment Sees Lower ACA Premiums

December 13, 2021 Open enrollment period for the 2022 coverage year is well underway, and ACA premiums are continuing to drop. The federal period for obtaining health coverage kicked off on November 1 Read More
2022 ACA Deadlines To Avoid IRS Penalties

2022 ACA Deadlines To Avoid IRS Penalties

December 9, 2021 Employers preparing for a smooth 2021 filing season should keep in mind the important ACA deadlines to avoid IRS penalties. Every year, Applicable Large Employers (ALES) must file and furnish Read More
How Build Back Back Better Would Reshape U.S. Healthcare

How Build Back Back Better Would Reshape U.S. Healthcare

November 18, 2021 With the Infrastructure Bill now officially signed into law, Congress will now shift its focus onto the $1.75 trillion Build Back Better proposal. In its current version, the plan could Read More
Get to Know the ACA’s 1095-C Form

Get to Know the ACA’s 1095-C Form

November 2, 2021 With the end of the year approaching quickly, ACA compliance and the subsequent ACA reporting are ramping up. Employers preparing for IRS and state filing requirements should consider the importance Read More
Three States Launch Their Own ACA Health Exchange

Three States Launch Their Own ACA Health Exchange

October 26, 2021 Three states have successfully transitioned away from the federal healthcare.gov ACA exchange to operate on their own-state run marketplace. On October 4, Maine, New Mexico, and Kentucky completed the transition Read More
Data Quality Management Is Key to ACA Compliance

Data Quality Management Is Key to ACA Compliance

October 22, 2021   Many of the challenges posed by the Affordable Care Act’s Employer Mandate are inherently data problems. Data quality management is not just an issue for larger employers with multiple Read More
ACA Penalty Amounts for 2022 Tax Year Surface

ACA Penalty Amounts for 2022 Tax Year Surface

October 19, 2021 The IRS recently announced the ACA affordability percentage for the 2022 tax year and with that information comes speculation around the Employer Mandate’s IRC Section 4980H(a) and (b) penalty amounts Read More
3 Resources To Assist Employers With 2021 ACA Reporting

3 Resources To Assist Employers With 2021 ACA Reporting

October 7, 2021 The end of the 2021 tax year and the subsequent tax season are approaching rapidly. What precautions is your organization taking to ensure a smooth ACA reporting experience this year? Read More
Introducing The Employer’s Guide to Coding ACA Form 1095-C

Introducing The Employer’s Guide to Coding ACA Form 1095-C

September 28, 2021 The fourth quarter is here and the inevitable tax filing season is right around the corner. Employers should give special attention to their ACA reporting obligations this year as there Read More
ACA Reporting to Grow in Complexity Due to State Individual Mandates

ACA Reporting to Grow in Complexity Due to State Individual Mandates

September 20, 2021 ACA reporting is complex and the process has only grown more challenging as states continue to enact additional state-level ACA reporting requirements as a function of their Individual Mandates. But Read More
ACA Measurement Methods Are Critical for Avoiding IRS Penalties

ACA Measurement Methods Are Critical for Avoiding IRS Penalties

August 20, 2021 If you or someone you know has been hit with IRS Letter 226J, you know that it is no laughing matter. The IRS is currently issuing these ACA penalty assessments Read More
CMS Proposed Rule to Provide Greater Access to ACA Coverage

CMS Proposed Rule to Provide Greater Access to ACA Coverage

August 2, 2021 The 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 Read More
The New HRA Regulations Explained

The New HRA Regulations Explained

July 28, 2021 Earlier this year the IRS released final regulations regarding the relationship between Employer Shared Responsibility Provisions (ESRP) and individual coverage Health Reimbursement Arrangements (HRAs). And then they were withdrawn by Read More
The Look-Back Measurement Method Can Help Prevent ACA Penalties

The Look-Back Measurement Method Can Help Prevent ACA Penalties

July 23, 2021 Determining the accurate full-time employee count during a calendar year is important for Affordable Care Act compliance. Classifying employees incorrectly can lead to inaccurate information being submitted to the IRS Read More
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
ACA Survives Supreme Court, Focus Shifts to More Advancements

ACA Survives Supreme Court, Focus Shifts to More Advancements

June 29, 2021 Earlier 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 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
ACA Employer Penalties Are Real and The IRS Will Be Issuing More

ACA Employer Penalties Are Real and The IRS Will Be Issuing More

May 20, 2021 3 min read ACA reporting for the 2021 tax year may not be top of mind for employers right now, but that doesn’t mean you shouldn’t be aware of the Read More
Biden Seeks to Make PTC Eligibility Expansion Permanent

Biden Seeks to Make PTC Eligibility Expansion Permanent

May 4, 2021 3 minute read: The Biden administration is once again finding ways to bolster the Affordable Care Act. This time the advancement comes in the form of ACA subsidies and the Read More
IRS Suspends Excess Repayment of APTCs for 2020 Tax Year

IRS Suspends Excess Repayment of APTCs for 2020 Tax Year

April 29, 2021 3 minute read: The latest ACA advancement to be introduced by the Biden administration comes via the American Rescue Plan and applies to the use of Advanced Payments of Premium Read More
IRS Experiences Paper Mail Backlog, Employers Should E-file ACA Returns

IRS Experiences Paper Mail Backlog, Employers Should E-file ACA Returns

April 27, 2021 3 minute read: The COVID-19 pandemic created hardships for everyone and everything, including the IRS. On numerous occasions, the agency announced a significant backlog in processing paper returns. As of 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 Have 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 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
FTB to Publish Employer California Reporting Non-Compliance Data

FTB to Publish Employer California Reporting Non-Compliance Data

March 30, 2021 3 minute read: Employers should be aware that data concerning non-compliance with California’s Individual Mandate will be publicly reported and published annually by the California Franchise Tax Board (FTB) on Read More
New Stimulus Plan Expands PTC Eligibility, Employer Penalties

New Stimulus Plan Expands PTC Eligibility, Employer Penalties

March 25, 2021 3 minute read: President Joe Biden recently signed into law the American Rescue Plan (ARP) and it includes provisions that make ACA healthcare coverage more accessible to Americans. The $1.9 Read More
What Biden’s New HHS Secretary Could Mean for the ACA

What Biden’s New HHS Secretary Could Mean for the ACA

March 22, 2021 3 minute read: President Joe Biden nominated California’s Attorney General Xavier Becerra, a known supporter of the ACA, as the new Health and Human Services (HHS) Secretary. On March 18, Read More
How The Raise the Wage Act Could Impact ACA Compliance

How The Raise the Wage Act Could Impact ACA Compliance

March 10, 2021 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 Read More
The IRS is Issuing ACA Penalty Letter 226J for 2018

The IRS is Issuing ACA Penalty Letter 226J for 2018

March 4, 2021 3 minute read: The IRS has begun to issue Letter 226J penalty assessments to employers that failed to comply with the ACA’s Employer Mandate for the 2018 tax year. If Read More
What Employers Need to Know About the 2020 ACA 1095-C Codes

What Employers Need to Know About the 2020 ACA 1095-C Codes

February 25, 2021 3 minute read: ACA reporting for the 2020 tax year will be different from years past because of the new Individual Coverage Health Reimbursement Arrangement (HRA) codes. These new codes, Read More
Employers May Face Additional Challenges with 2020 ACA Reporting

Employers May Face Additional Challenges with 2020 ACA Reporting

February 23, 2021 3 minute read: With the 2020 ACA filing deadlines fast approaching, employers will be met with additional reporting challenges due in large part to the COVID-19 pandemic. From determining full-time Read More
Biden’s Affordable Care Act Advancements are Underway

Biden’s Affordable Care Act Advancements are Underway

February 17, 2021 3 minute read: Since the Biden Administration took office a few weeks ago, changes to help bolster the Affordable Care Act are already underway. President Joe Biden has already signed Read More
California Individual Mandate Penalties Will be Issued in 2021

California Individual Mandate Penalties Will be Issued in 2021

February 15, 2021 State residents of California who failed to obtain health coverage during the 2020 tax year could see a penalty notice from the state as a part of the Individual Mandate. Read More
Most Frequently Asked ACA Questions for Employers and Individuals

Most Frequently Asked ACA Questions for Employers and Individuals

February 11, 2021 3 minute read: The Patient Protection and Affordable Care Act (ACA) is a comprehensive healthcare reform law enacted under President Barack Obama in 2010. The implementation of the ACA represented Read More