Entries for 'aca'

This past December, District Judge Reed O’Conner released his ruling in the case Texas v. United States. The case questioned the constitutionality of the ACA’s individual mandate after the Tax Cuts and Jobs Act of 2017 reduced the individual mandate penalty to $0. The judge ruled that the mandate without tax penalty was unconstitutional, and as a result, so was the entire ACA. It is expected that the ruling will be appealed and likely tied up for months bef... Read more
Once again (in Notice 2018-94) the IRS has extended the deadline for furnishing Forms 1095-B and 1095-C to individuals from January 31 to March 4, 2019.  The notice does not extend the due date for filing Forms 1094-B and 1094-C (and accompanying Form 1095s) with the IRS. Accordingly, the deadline remains February 28, 2019, for paper filings, and April 1, 2019, for electronic filings.  The electronic filing of  information returns (Forms 1094/1095) f... Read more
Forms 1094/1095-B (B Forms) and Forms 1094/1095-C (C Forms), and related instructions, for the 2018 tax year have been released and are provided below. Employers Subject to Reporting Applicable large employers (ALEs), who are in general, entities that employed 50 or more full-time and full-time-equivalent employees in 2017, are required to report information about the health coverage they offered or did not offer to employees for 2018. To meet this reporting... Read more
Once again CMS and HHS will allow small employers and individual health plans another year extension of transitional (grand-mothered) coverage.  Transitional relief allows employers to continue to use their health plans that don't meet requirements of the Affordable Care Act.  If employers switch carriers or switch to a community rated plan, their transitional relief ends and they can no longer use their previous plan.  The new CMS extension allows transi... Read more
Small employers may yet again, see transition relief through the 2018 calendar year for states and carriers that have agreed to the extension according to recent CMS guidance.  While Congress debates changes in the law, transition relief allows employers to continue to use their pre-community rated plans beyond the dates in the original ACA law.  If employers switch carriers or switch to a community rated plan, their transition relief ends and they can no longe... Read more
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