ACA Reporting

Keeping track of ACA changes in the era of Trump

One year after President Trump took office vowing to repeal and replace the Affordable Care Act, the law still stands.

Yet many people assume it has been repealed, even though the requirement for an employer to offer health care coverage to full-time employees is still in effect.

While changing the health insurance system doesn’t seem to be a legislative priority this year, you still need to keep a close eye on the ACA and the challenges it faces.

Unfortunately, understanding the ACA is perhaps even more difficult now than a year ago.

Here’s what we’ve learned about how to cut through all the tweets, votes, and proposed changes and figure out what your organization is actually responsible for this year. Follow these five lessons learned as a guide for watching the next 12 months of the ACA.

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How to ace your 2017 ACA reporting and prepare for the future

Yes, ACA reporting is still on for 2017.

If you were doubting that 12 months ago, or even six months ago, we can’t blame you. This time last year, health care reform efforts in Congress seemed poised to change how employers’ reporting and compliance requirements worked. President Trump signed a number of executive orders in the following months, attempting to dismantle various provisions of the ACA.

But, as far as employers are concerned, nothing is different this year, and the deadlines are approaching.

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3 lessons learned about ACA compliance from filing 2M 1095-Cs

Last year we wrote about what we learned from the 2016 ACA e-filing process, the first year employers had to report. It was tricky, error-prone, and buggy, but we got through it.

With another year gone and the ACA still intact, another round of reporting is upon us, which means many employers are once again scrambling to prepare. With more than 2 million ACA forms filed, we’ve learned a thing or two about ACA compliance. 

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Why the hospitality industry has a hard time with ACA compliance

If you’re in charge of a hotel, restaurant, casino, spa, or other hospitality business, congratulations! You have even more challenges, and more to lose, when it comes to Affordable Care Act (ACA) compliance.

ACA compliance can be a hair-pulling slog for applicable large employers (ALEs), a category many hospitality businesses fall under. If you’re part of this group, you already know you have to offer affordable, minimum-value coverage to full-time employees (those who work at least 30 hours per week).

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ACA penalties are real: What to do if you receive IRS Letter 226J

It may be 2018, but 2015 is still top of mind – at least in terms of Affordable Care Act (ACA) reporting.

The IRS has been sending penalty letters to applicable large employers (ALEs) that may be liable for employer shared responsibility payments (ESRPs) from 2015 under the ACA.

This is the first year the IRS is sending Letter 226-J to employers, so there are bound to be questions. We’re here to help explain what the letter means and what you can do to avoid paying expensive fines.

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What’s a 1095-C? How to answer employees’ tax season questions.

It’s that time again – tax season. For employers, the first quarter of the year brings about more reporting, filing, calculations, and more often than not, questions from employees about their tax requirements and paperwork.

While the Affordable Care Act’s (ACA) individual mandate was repealed as part of the GOP tax bill, the employer mandate is still in place. This means tax season will again require employers to report on their health care plans, starting with the distribution of the ever-confusing 1095-C to employees.

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