Affordable Care Act

Congress considers options for the Affordable Care Act, ACA

ACA Regulatory Update: Republicans Mount Opposition to Proposed Legislation

March 20, 2017, 7:00 am EDT in Affordable Care Act, Blog

The eventual fate of the American Health Care Act remains uncertain one week after its release. Conservative and moderate Republicans alike have expressed opposition to the bill, indicating the eventual legislation passed into law will likely be significantly different from last week’s proposal.Members of Congress do not seem particularly...

Congress considers options for the Affordable Care Act, ACA

ACA Regulatory Update: Employer Mandate on Life Support

March 10, 2017, 8:30 am EDT in Affordable Care Act, Blog

The fate of the Affordable Care Act employer mandate is becoming clear. Proposed ACA replacement legislation released Monday, entitled the American Health Care Act, aims to dismantle the employer mandate by zeroing out the associated penalties. Despite this, the AHCA maintains both employer and insurer reporting requirements.The employer mandate...

Congress considers options for the Affordable Care Act, ACA

ACA Update: Leaked Republican Legislation Would Phase Out Key Provisions

March 1, 2017, 3:33 pm EDT in Affordable Care Act, Blog

Recently leaked draft legislation provides further insight into Republican plans for healthcare overhaul and associated reporting requirements. The draft, which is nearly three weeks old, indicates key provisions of the law – such as the taxes, mandates, Medicaid expansion and subsidies – would be phased out and replaced between 2018...

ACA reporting update

ACA Update: IRS Tweak to Individual Reporting – What It Means

February 16, 2017, 3:06 pm EDT in Affordable Care Act, Blog

Employers are still required to file their ACA reporting forms. Beyond a potential extension of “good faith” relief to Tax Year 2017 filings, there will likely not be any IRS changes to employers’ reporting obligations.The IRS has implemented its first regulatory change in response to President Trump’s executive order. The...

Congress considers options for the Affordable Care Act, ACA

Expert Q&A: What Does Trump’s Executive Order Mean for Employers?

January 23, 2017, 5:14 pm EDT in Affordable Care Act, Blog

President Trump took immediate steps to fulfill his campaign promise to repeal the Affordable Care Act on his first day in office. The President signed an executive order on Friday, which he said was intended to “ease the burdens of the Affordable Care Act.” The broad-reaching order is the manifestation...

Congress considers options for the Affordable Care Act, ACA

Despite “Repeal and Replace” Momentum, Affordable Care Act’s Employer Mandate Likely to Stand Through 2018

January 16, 2017, 12:58 pm EDT in Affordable Care Act, Blog

Congress approved a budget blueprint last week that sets up a vote on a formal repeal measure as soon as January 27th. However, Republicans remain committed to a “repeal and replace” approach, and have suggested that any changes to the employer mandate may take years to go into effect.Republican Chris...

IRS

IRS is Extending ACA Filing Deadline and Good Faith Compliance Standard

November 21, 2016, 11:46 am EDT in Affordable Care Act, Blog

The Internal Revenue Service (IRS) made two important announcements regarding the information reporting requirements imposed under the Affordable Care Act (ACA) in Notice 2016-70, released on November 18, 2016. Specifically, the IRS announced:That it was extending the due date for furnishing statements to recipients (Forms 1095-B and 1095-C) That...