Feeling good about your ACA reporting compliance? A federal audit might foreshadow a more intolerant IRS
The IRS has alarmed many employers over the last few years by sending 226-J letters assessing potential penalties for alleged violations of the employer mandate under the Affordable Care Act (ACA). While in most cases the employers have been able to dodge those penalties by convincing the IRS that the employer had satisfied the mandate but had merely misreported that fact to the IRS, a Treasury Department audit reports wants the IRS to become less forgiving of those errors in the future.
The Supreme Court has handed the Trump administration a major, but perhaps temporary, victory in the long-simmering fight over whether employer-sponsored group health plans can be required by the Affordable Care Act to provide no-cost contraceptives to their female members.
As we move closer to the next election year, Congress is considering several bills that would affect employee benefits plans. It will be interesting to see how many candidates tout the CBO’s rosy cost and coverage projections for healthcare policy aspects of their platforms.
Recently, the ERISA Industry Committee (ERIC), an association advocating on behalf of large employers that sponsor benefits plans, sent a letter to the IRS. ERIC’s letter urges the IRS to stop assessing ACA employer-mandate penalties until it can adopt a more reasonable and equitable process.
Quest Diagnostics and LabCorp reported the breaches in recent SEC filings. The filings note that American Medical Collection Agency, a contractor used for billing and collections matters, reported the breach but did not yet know what data was accessed.
The federal trial court judge who last month struck down the Affordable Care Act’s individual mandate, and then proceeded to strike the entire ACA, ruled on Sunday that the law remains in effect pending appeal.
For employers in five states, the Trump administration rules about the ACA contraceptive mandate that were set to take effect in 2019 and that allowed more employers to opt out, will be put on hold.
The once-dead health insurance responsibility disclosure (HIRD) form for Massachusetts employers has been resurrected in time for the flurry of end-of-year reporting requirements.
The House is scheduled to consider The Save American Workers Act, which would make significant changes to employer requirements under the Affordable Care Act.
The new association health plan rules grant permission for something many associations, franchisors, chambers of commerce and other clients would love to do. But the DOL’s rules reserve the last word for someone else. In this case, the foil is played by the states.
An employee benefits advocacy group representing many of the nation’s largest employers has filed a lawsuit in a federal court in Seattle, seeking to bar the city from enforcing a new employer health insurance mandate for certain hotel workers. The implications of the suit could ripple far outside the Pacific northwest and the hotel industry.
The IRS has begun enforcing the filing of Form 1095-C. Learn what your options are if you receive an IRS Letter 5699 notifying your company of noncompliance.
The IRS has announced a three-tenths of 1 percent increase in the Affordable Care Act’s (ACA) employer mandate affordability threshold for 2019.
The US Department of Health and Human Services has announced the inflation-adjusted out-of-pocket limits that will apply to non-grandfathered plans for plan years beginning in 2019.
Last year’s tax reform law reduced the penalty tax for not having health coverage to $0. In response, attorneys general and governors from 20 states sued the Trump administration, arguing the lack of an individual mandate makes the entire ACA unconstitutional.