Tag Archives: ACA

Obamacare Replacement News

On 3/6/17, proposed legislation to repeal and replace the Affordable Care Act (ACA) passed in the Senate. We understand that you will have many questions as to how this will affect your business. A quick snapshot of proposed changes are as follows: Both the employer and individual mandates to be eliminated This would also remove the penalties associated …

Employers: Here’s a Mid-Year Affordable Care Act Refresher

The following information was received from the IRS on 7/14/16. As an employer, the size and structure of your workforce helps determine which parts of the health care law apply to your business. Work forces typically fluctuate, so it’s important to annually determine the size of your workforce.  The number of employees you have during the current …

6 Things to Know: Employer Shared Responsibility Provisions

The following information was received from the IRS on 3/23/16 UPDATE: March 23, 2016: Item #4 was updated to indicate that you are subject to the payment if at least one full-time employee receives the premium tax credit and any one of these conditions apply. Six Things to Know about the Employer Shared Responsibility Provisions The health care law …

ACA Extensions – Form 1095-B and Form 1095-C Details

The following information was received from the IRS on 12/29/15 Facts for ALEs about New Information Statements to be Filed in 2016 Today, the IRS issued Notice 2016-4 extending by two months the due dates for 2015 information reporting requirements under sections 6055 and 6056 of the Internal Revenue Code (IRC) for applicable large employers (ALEs). The …

Protecting Affordable Coverage for Employees (PACE) Act is Law

On 10/1/15, the Protecting Affordable Coverage for Employees (PACE) Act was signed by both the Senate and House. President Obama then signed the PACE Act into law on 10/8/15. Keep reading to find out why this is critical for employers. Importance of PACE Act: Small Employer/Small Group Definition Under the ACA as currently written, the small employer/small …

2015 Instructions/Forms for IRS Reporting Requirements

UPDATE: Links to final forms are now available. The buttons within this blog have been updated as of 10/13/15. Additional information can be found in our blog post IRS Tax Tip: 2016 Reporting Deadlines for Employers and Health Coverage Providers. The following information was received from our partner Cigna on 7/31/15  On August 7, 2015 the Internal …

ACA Updates: Summary of Benefits and Coverage

The following information was received from The Department of Labor, Employee Benefits Security Administration on 6/12/15 Below you will find links to final regulations regarding the summary of benefits and coverage (SBC) and the uniform glossary for group health plans and health insurance coverage in the group and individual markets under the Patient …
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