AFFORDABLE CARE ACT (ACA) COMPLIANCE

5 Steps to Follow After Receiving an IRS Penalty Notice for ACA Reporting Compliance

Applicable large employers (ALEs) – usually those that employ at least 50 full-time employees (including full-time equivalents) in a given year – may receive an IRS penalty notice if they either did not provide healthcare coverage or offered unaffordable coverage options in a prior year. The good news for ALEs is that there [...]

March 3rd, 2017|AFFORDABLE CARE ACT (ACA) COMPLIANCE, VIDEO|

The 21st Century Cures Act: Cultivating Standalone HRAs for Small Businesses

When President Obama signed the 21st Century Cures Act into law on December 13, 2016, most of the media coverage focused on the provisions related to medical innovation. But the law also includes some good news for small businesses that have been prohibited in recent years from providing their employees with Health Reimbursement Arrangements (HRAs). [...]

January 1st, 2017|AFFORDABLE CARE ACT (ACA) COMPLIANCE, JANUARY 2017|

Don’t Be Late! ACA Compliance Reporting Deadline Extended

At the end of 2016, the IRS announced that the deadline for providing Forms 1095-B and 1095-C to employees would be extended from January 31, 2017 to March 2, 2017. Although the deadline to provide employees information has been extended, the deadlines for filing Form 1095 with the IRS have not changed for the 2017 filing [...]

December 14th, 2016|AFFORDABLE CARE ACT (ACA) COMPLIANCE, JANUARY 2017|

Looking Into the Crystal Ball: What Will the IRS Do with Its ACA Data?

With the passage of the Affordable Care Act (ACA), the amount of health insurance information being reported to the IRS has increased exponentially over the last couple of years. Whether it’s the cost of health insurance being reported on an employee’s W-2 or the existence of coverage on the new Form 1095, the IRS is [...]

October 20th, 2016|AFFORDABLE CARE ACT (ACA) COMPLIANCE, NOVEMBER 2016|

Affordable Care Act: Employee Notice Program

Watch as Martin Copeland outlines the Affordable Care Act's (ACA) Employee Notice Program and explains how this program impacts healthcare coverage in the workplace.

August 19th, 2016|AFFORDABLE CARE ACT (ACA) COMPLIANCE, VIDEO|

Can Summer Livin’ Put the Heat on Your ACA Employer Responsibilities?

Summertime, And the livin' is easy Fish are jumpin' And the cotton is high  - George Gershwin, “Summertime” Seasonal Employment Gives Rise to New ACA Questions Summer in the South is typically about pool and beach time or enjoying parks and picnics. With all of that summer sun and fun comes an increased need for [...]

June 21st, 2016|AFFORDABLE CARE ACT (ACA) COMPLIANCE, JULY 2016|

Navigating the Rabbit Holes of an ACA Subsidy

As spring approaches and gardening season begins, questions regarding  Affordable Care Act (ACA) subsidies are also budding. The top questions seem to be one of these two: Will I receive a health insurance subsidy tax refund, or Will I have to pay back my ACA subsidy? The answers to these questions may surprise many who [...]

March 7th, 2016|AFFORDABLE CARE ACT (ACA) COMPLIANCE, APRIL 2016|

Forms 1094 and 1095: The Topsy Turvy World of ACA Reporting in 2016

Do you feel like you've tripped down the Affordable Care Act (ACA) rabbit hole? The ACA requires employers to rethink many aspects of providing health insurance coverage to their employees. 2016 is no exception with new reporting requirements regarding health insurance coverage provided to employees due to the ACA. Through the Looking Glass: ALEs Beginning [...]

September 25th, 2015|AFFORDABLE CARE ACT (ACA) COMPLIANCE|

Supreme Court Opens Door for Potential Additional ACA Applicable Large Employer Penalties

The U.S. Supreme Court’s ruling in King v. Burwell essentially upheld the Affordable Care Act (ACA) again by upholding premium tax credits for qualifying taxpayers—regardless of whether coverage is purchased through a federal or state exchange. At issue in King v. Burwell was whether taxpayers purchasing coverage through a federal exchange can qualify for premium tax credits under the ACA, [...]

July 24th, 2015|AFFORDABLE CARE ACT (ACA) COMPLIANCE|

Avoiding Potential Burn from the ACA Excise Tax

During the summer months, people often ask sunblock questions such as: Do I really need to apply sunblock if it’s cloudy? If so, then which SPF should I use: 30, 50, or 75? How often should I reapply? So while most people do not want to get sunburned, they may be uncertain as to the [...]

June 24th, 2015|AFFORDABLE CARE ACT (ACA) COMPLIANCE|

The Skinny on Large Employer ACA Reporting: IRS Releases Final Rules

The IRS has released final regulations implementing the Affordable Care Act’s (ACA’s) information reporting provision for large employers. These new rules—which begin phase-in during 2015—significantly streamline the required large employer ACA reporting and should make it easier for covered employers to comply with these ACA requirements. So what’s the skinny on what you need to [...]

April 1st, 2014|AFFORDABLE CARE ACT (ACA) COMPLIANCE|