New ACA Affordability Percentage and Penalty rates for 2020 are Here! While changes have been made to the Affordable Care Act (ACA), employers still must comply with the basics of the law. Including offering affordable coverage (employers with more than 50 full-time or equivalent employees) to all full-time employees. In this article, we’ll discuss the […]
Affordable Healthcare Act
Affordable Care Act Ruled Unconstitutional – Now What?
How Should Employer’s Respond? Texas U.S. District Judge Reed O’Connor ruled on Friday that the Affordable Care Act is unconstitutional. This announcement during the Marketplace open enrollment period has created questions for employers and employees alike. As a result, it has also reignited the discussion over healthcare in the country. Even though the ACA reformed […]
PCORI Fee is Announced by the IRS for the Final Time
For policy plan years beginning after September 30, 2018 and ending before October 1, 2019 the PCORI fee will be $2.45. This will be the final plan year that the fees must be collected. What is it? The Patient-Centered Outcomes Research Trust Fund (PCORI) was established under the Affordable Care Act (ACA). The fees pay […]
Affordable Care Act (ACA) Tax Reporting Deadlines are Extended
On December 22, 2017, the IRS published extended deadlines for issuance and filing of the new Affordable Care Act tax forms: Form Original Reporting/Filing Date Extended Reporting/Filing Date Form 1095-B Health Coverage (Distributed by insurance carriers, self-insured ALE or other coverage providers) January […]
Avoid Obamacare Scams
Obamacare confusion creates opportunity for fraud. The Federal Trade Commission is already receiving complaints from people who have been contacted by individuals claiming to need information in order to help the person comply with the Affordable Care Act (Obamacare). They may ask for social security numbers, financial information, a current health insurance card number or […]
Ready, Set, Get Prepared for Obamacare!
Obamacare Accounts Can Be Registered Today The Health and Human Services Department (HHS) announced today that individuals don’t have to wait until October to set up their accounts for enrollment in healthcare. An individual will not be able to actually enroll until October 1, 2013. However, in an effort to get people ready for the […]
Employer Shared Responsibility Penalty Delayed
Employer Pay or Play Penalty Delayed to 2015 from BCL Systems, Inc. The Employer Shared Responsibility Penalty under the ACA Will Not Be Assessed by IRS until 2015 The Treasury Department recently announced that the IRS will not enforce the employer shared responsibility penalty. Under the Affordable Care Act (ACA), an employer with more […]
The Affordable Care Act’s Effect on COBRA
The Affordable Care Act and COBRA Beginning in October, 2013 enrollments in the Insurance Marketplace (State or Federal Exchanges) will begin. Since former employees will now be eligible for coverage under one of the State Insurance Marketplace plans, what happens to COBRA coverage? Does an employer still have to offer COBRA coverage? Will employees […]