by Editor | Oct 13, 2016 | ACA Reporting Services
The Internal Revenue Service (IRS) has released final 2016 forms for reporting under Internal Revenue Code (Code) Sections 6055 and 6056. – Forms 1094-B and 1095-B are used by entities reporting under Section 6055, including self-insured plan sponsors that are...
by Editor | Sep 27, 2016 | ACA Reporting Services
Special Guest: Kaya Bromley ACA Attorney, ACA Author, ACA Speaker, ACA Strategist Always Ahead of the Curve, KAYA has helped hundreds of BUSINESS OWNERS cope with the ever-changing Health Care Landscape. KAYA does MORE THAN site Obamacare FACTS, she OFFERS Obamacare...
by Editor | Sep 19, 2016 | ACA Reporting Services
Roughly 8 million people faced ObamaCare individual mandate penalties this year totaling more than $3 billion, an analysis of the latest IRS data reveals. Despite the controversy and high-stakes legal battle that has surrounded the individual mandate, the scope of the...
by Editor | Sep 15, 2016 | ACA Reporting Services
In April 2016, the Internal Revenue Service (IRS) issued Revenue Procedure 2016-24 to index the contribution percentages in 2017 for purposes of determining the affordability of an employer’s plan under the Affordable Care Act (ACA). For plan years beginning in 2017,...
by Editor | Sep 8, 2016 | ACA Reporting Services
Employers that sponsor group health plans have some different options available to them for designing their plans’ enrollment process. When it comes to enrollment, health plan sponsors should have rules in place regarding: – When employees can enroll in the...
by Editor | Aug 23, 2016 | ACA Reporting Services
The 2016 presidential election could bring significant changes to the U.S. health care system. Hillary Clinton and Donald Trump have both campaigned on promises to control health care spending and reduce out-of-pocket expenses for consumers. The chart below provides a...
by Editor | Aug 18, 2016 | ACA Reporting Services
OVERVIEW On July 1, 2016, the Department of Labor (DOL) issued an interim final rule that increases the civil penalty amounts that may be imposed under various federal laws, including the Employee Retirement Income Security Act (ERISA). The interim final rule...
by Editor | Aug 18, 2016 | ACA Reporting Services
To prepare for open enrollment, group health plan sponsors should be aware of the legal changes affecting the design and administration of their plans for plan years beginning on or after Jan. 1, 2017. Employers should review their plan documents to confirm that they...
by Editor | Aug 12, 2016 | ACA Reporting Services
Are people better off with health insurance provided by the Affordable Care Act? A study published Monday in JAMA Internal Medicine offers another way of looking at the issue. Low-income people in Arkansas and Kentucky, which expanded Medicaid insurance to everyone...
by Editor | Aug 11, 2016 | ACA Reporting Services
The Republicans obsession with repealing Obamacare will be stalled if Hillary Clinton wins the 2016 presidential election. While millions of Americans have gained health coverage under the Affordable Care Act, the six-year-old law hit roadblocks this year as some...
