IRS Commissioner Reports On ACA Stats For 2015

IRS Commissioner Reports On ACA Stats For 2015

January 26, 2017 While we are getting our information in order for the 2016 tax year, we received some clarity on the previous year from the IRS. The IRS’s Commissioner John Koskinen has Read More
An ACA Repeal Could Cost Hospitals Billions In Losses

An ACA Repeal Could Cost Hospitals Billions In Losses

January 18, 2017 Inauguration Day is inching closer and closer, and so are the policies that President-Elect Trump has planned once he assumes the seat of President this year. A repeal of the Read More
Know Your Dates Or Face Penalties: An Infographic

Know Your Dates Or Face Penalties: An Infographic

November 10, 2016 We are nearing the end of the 2016 tax year, and with it comes the inevitable document filings come early 2017. As per the ACA, many key dates are mandated Read More
ACA Compliance Difficulties? The 1940’s Started it All.

ACA Compliance Difficulties? The 1940’s Started it All.

November 5, 2016 This past tax year, many employers experienced a whole new dimension to documenting and reporting information about their employees to the government. With the Affordable Care Act mandating that full-time Read More
Study Shows Millions Of Uninsured Eligible Americans Are Still Underutilizing The ACA

Study Shows Millions Of Uninsured Eligible Americans Are Still Underutilizing The ACA

October 31, 2016 The Kaiser Family Foundationhas released another report surrounding ACA figures, and the results are astounding. In a report of “Estimates of Eligibility for ACA Coverage among the Uninsured in 2016,” Read More
Temporary Nondiscrimination Relief Gets Another Year Extension By IRS

Temporary Nondiscrimination Relief Gets Another Year Extension By IRS

October 27, 2016 As Closed Defined Benefit Plans are still being worked out rules-wise, the IRS has provided an extension to an important aspect of qualified plans. In a notice released toward the Read More
Potential ACA Penalties: An Infographic

Potential ACA Penalties: An Infographic

October 10, 2016 Are you aware of the myriad of possible unnecessary penalties that can occur with violations of the Affordable Care Act? By now you’ve been informed of various possibilities, but they Read More
A Loss Of “Good Faith”

A Loss Of “Good Faith”

September 26, 2016 The IRS has revealed some more drafts for their 2016 reporting forms, and already things have changed. You may recall in an earlier ACA Times article where the topics of Read More
How Will COBRA Coding Change In 2016?

How Will COBRA Coding Change In 2016?

September 14, 2016 The IRS has released the draft Form 1095-C, which clarifies coding for coverage for COBRA. At the start of 2016, the FAQ section of the IRS site no longer provided Read More
IRS Brings More Updates To Forms For 2017

IRS Brings More Updates To Forms For 2017

September 8, 2016 With ACA reporting deadlines approaching soon, the IRS has issued draft updates to forms 1094-C and 1095-C which large employers must use to report on certain health plan information to Read More
States Feel Shifts In Medicaid Expansion As New Governors Take Office

States Feel Shifts In Medicaid Expansion As New Governors Take Office

August 31, 2016 Medicaid expansion is not a fixed journey, as we’re slowly learning from states like Kentucky and Louisiana. The Wall Street Journal reports a pleasant change in events for the aforementioned Read More
Minimum Essential Coverage: Looking Ahead Toward 2016 Reporting

Minimum Essential Coverage: Looking Ahead Toward 2016 Reporting

August 29, 2016 Let’s call the details of the Affordable Care Act a work in progress, even still. Since its humble 2010 beginnings, the ACA has evolved based upon the needs of (almost) Read More
The ACA’s 2016 Reporting Forms Are Changing: View The IRS Drafts

The ACA’s 2016 Reporting Forms Are Changing: View The IRS Drafts

August 25, 2016 Over the past two months, the IRS has gradually rolled out ACA reporting forms for 2016. So far? 1094-B and 1095-B have been changed, as well as 1094-C and 1095-C. Read More
CBO 10-Year Penalty Predictions Escalate, Now Over 225 Billion

CBO 10-Year Penalty Predictions Escalate, Now Over 225 Billion

August 15, 2016 Penalties 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 Read More
Understanding Form 1095-C And What To Do About Errors

Understanding Form 1095-C And What To Do About Errors

August 8, 2016 For many employers,Form 1095-C is a new document. It is the Employer-Provided Health Insurance Offer and Coverage form, used to report that you have offered health care to full-time employees. Read More
Small Businesses Are Still Not Moved By Health Care Tax Credits, Per Update From The GAO

Small Businesses Are Still Not Moved By Health Care Tax Credits, Per Update From The GAO

July 26, 2016 Applicable 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 Read More
Despite An Increase In Health Costs, Americans Find Health Care Affordable

Despite An Increase In Health Costs, Americans Find Health Care Affordable

July 25, 2016 For ACA naysayers, one argument posed is that the Affordable Care Act is all but affordable. However a recent study by Gallup suggests that most Americans can afford their health Read More
Employers: Keep Your ACA Compliance, Even In Your Health Plan Language

Employers: Keep Your ACA Compliance, Even In Your Health Plan Language

July 21, 2016 While employers have been urged to maintain ACA compliance when it comes to reporting the health care information of its employees, there’s more to it. The Employee Retirement Income Security Read More
GOP Senate funds the ACA in 2017 joining Democrats

GOP Senate funds the ACA in 2017 joining Democrats

July 18, 2016 It comes as no surprise that the Affordable Care Act (ACA) is favored more among Democrats than Republicans. However, perhaps the tides are changing, at least when it comes to Read More
Study Reveals The Health Insurance Marketplace Doesn’t Have The Highest Premiums

Study Reveals The Health Insurance Marketplace Doesn’t Have The Highest Premiums

July 12, 2016 Think the Health Insurance Marketplace has the highest premiums? Think again. A report by the Commonwealth Fund reveals that the ACA’s Health Insurance Marketplace is not the most expensive place Read More
Premiums Up, With The Uninsured Down

Premiums Up, With The Uninsured Down

July 7, 2016 It’s been quite a rollercoaster ride for the Affordable Care Act this year, as companies like UnitedHealth have spiked their premiums in an effort to combat what they reportedly found Read More
With Bigger Insurance Companies Moving Out, Newer Companies Move In

With Bigger Insurance Companies Moving Out, Newer Companies Move In

June 1, 2016 With regard to theAffordable Care Act’s Health Insurance Marketplace, it all comes down to options. As major carriers take umbrage with various aspects of the ACA and its Marketplace, many Read More
Employers Weigh In On Actions In The Event Of An ACA Repeal

Employers Weigh In On Actions In The Event Of An ACA Repeal

May 31, 2016 It should come as no surprise that the Affordable Care Act has produced a myriad of opinions from consumers to their employers to those in government. But what would happen Read More
The Affordable Care Act Shows Big Wins For Kids

The Affordable Care Act Shows Big Wins For Kids

May 25, 2016 Of all the good theAffordable Care Act has done in the way of widespread health care, a recent report shows that our children have benefitted more than most. United Press Read More
High Deductibles Don’t Promote Price Shopping

High Deductibles Don’t Promote Price Shopping

May 8, 2016 Will consumers make more cost-effective choices of health services and doctors if they are spending their own money? Common sense suggests they would, but researchers have found that consumers don’t Read More
Health Benefits Offer Rates: Fact And Figures

Health Benefits Offer Rates: Fact And Figures

April 21, 2016 The Kaiser Family Foundation released a report that detailed the rates of health benefits offered to individuals. In 1999, 66% of firms offered health benefits to their employees, and that Read More
Opposition Of Medicaid Expansion Produces Hurdles For States

Opposition Of Medicaid Expansion Produces Hurdles For States

March 16, 2016 In April of last year, the Center on Budget and Policy Properties (“CBPP”) released a report detailing which states have and have not expanded their Medicaid program to low-income adults Read More
Drug Makers Continue To Raise Prices

Drug Makers Continue To Raise Prices

January 13, 2016 Despite criticism from patients, insurers and lawmakers, pharmaceutical companies have continued to increase the cost of drugs, with many hiking prices by 10% or more just before or after the New Year. Read More
ACA Reporting Deadlines are Approaching

ACA Reporting Deadlines are Approaching

December 9, 2015 The IRS has issued a reminder of the deadlines for applicable large employers to file Affordable Care Act information reports, and pointed out that the requirements apply whether or not Read More
ACA Is Benefiting Minorities

ACA Is Benefiting Minorities

December 7, 2015 The Affordable Care Act has significantly improved access to healthcare for African-Americans and Latinos, with those groups benefiting slightly more whites, according to a study published in a medical journal. Read More
Slower Growth in National Health Spending

Slower Growth in National Health Spending

December 1, 2015 Per-capita health care spending grew by 4.5% in 2014, and overall health spending grew by 5.3%, according to the Centers for Medicare & Medicaid Services (CMS), a slower rates of Read More
No Change in Doctors’ Ability to Provide Care

No Change in Doctors’ Ability to Provide Care

November 16, 2015 Most primary care doctors report that the Affordable Care Act has caused no change in their ability to provide quality care, although like the general population their opinions about the Read More
ACA 2016 Reporting Forms and Deadlines

ACA 2016 Reporting Forms and Deadlines

October 22, 2015 The IRS reminded employers, insurance providers and other entities that provide coverage under the Affordable Care Act of their reporting obligations under the ACA and the 2016 deadlines for submitting Read More
The ACA Is Not Harming Employment, a Fed Study Says

The ACA Is Not Harming Employment, a Fed Study Says

October 14, 2015 Contrary to predictions by critics of the Affordable Care Act prior to itsimplementation, the healthcare law has not caused employers to cut the number of their employees or reduce the Read More
Many Companies Not Ready for ACA Reporting

Many Companies Not Ready for ACA Reporting

October 9, 2015 With only weeks remaining in 2015, more than half of companies responding to a recent survey say they have not made much progress toward meeting the reporting requirements of the Read More
17.6 Million Have Gained Health Coverage Under the ACA

17.6 Million Have Gained Health Coverage Under the ACA

October 1, 2015 As of September 12, an estimated 17.6 million Americans have gained health insurance coverage since enrollment under the Affordable Care Act began in October of 2013, according to the Department Read More
IRS Releases Final Reporting Forms

IRS Releases Final Reporting Forms

September 21, 2015 As get ready to file 2015 reports required by the Act, the Internal Revenue has released the final for submitting these reports, along with instructions for them. For reports filed Read More
$11 Billion in Credits Paid During Filing Season

$11 Billion in Credits Paid During Filing Season

September 3, 2015 Consumers who bought individual health insurance coverage through federal and state exchanges received almost $11 billion in premium assistance tax credits in fiscal year 2014, according to a report by Read More
Four Studies Show ACA Is Working Well

Four Studies Show ACA Is Working Well

August 20, 2015 Four studies published in mid-August indicate that the Affordable Care Act is achieving its goal of reducing the number of Americans without health insurance while having no negative impact on Read More
Non-Physicians Do More, Cost Less

Non-Physicians Do More, Cost Less

July 28, 2015 An increasing amount of medical care is being delivered by nurse practitioners, physician assistants and other non-physician providers, making care more widely available and helping hold down costs, according to Read More