Download the instructions for the 1094-C and 1095-C forms for 2018 here. Who Must File An ALE Member must file one or more Forms 1094-C (including a Form 1094-C designated as the Authoritative Transmittal, whether or not filing multiple Forms 1094-C), and must file a Form 1095-C for each employee who was a full-time employee […]
ACA Potluck Guidance or it’s official name; IRS Notice 2015-87 provides a broad overview of ACA issues that were previously unclear or not resolved. This is a copy of this IRS Notice. The topics covered in this release are: Clarity on Prohibition of Individual Policy Reimbursement Affordability Rule Clarifications Additional HRA Integration Guidance Guidance on […]
On July 22, 2019, the IRS issued Revenue Procedure 2019-29, which decreases the affordability threshold for ACA employer mandate pay or play purposes to 9.78%, down from 9.86% for plan years that began in 2019. This is a copy of the the announcement from the IRS. For more information, read ACA By the Numbers for 2020.
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 […]
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 […]
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 […]
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 […]
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 […]