ACA Updates

Democrats seize control of the House: What this means for the ACA

As many polls forecasted leading up to the midterm elections, the Democratic Party took back the House of Representatives and is now holding a majority with at least 220 seats. While Democrats failed to secure the Senate, the party did manage to maintain at least 44 seats, leaving them a strong minority.

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Trump as president-elect: What this means for ACA compliance

After a long election cycle and a seemingly longer night, the country finally has a President-elect. On Jan. 20, Donald Trump will assume the role of commander in chief, and if he holds true to his campaign promises, the Affordable Care Act will be one of the first concerns he addresses.

For those who have been waiting for the repeal of the Affordable Care Act since its inception, it’s still too early to celebrate—and definitely too early to put aside your 1095-Cs for the 2016 reporting season.

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Target Corporation ACA Planning

As companies around the country conduct their own impact analysis and model various scenarios, we see them continuing to define and outline their Affordable Care Act strategy and announce aspects of their plan. Target has become the most recent addition to the list but certainly not the last. 

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Senate fails to pass “skinny repeal” in early morning vote

Nearly two weeks ago, several Republican Senators announced their opposition to the Better Care Reconciliation Act, the Senate’s Affordable Care Act (ACA) repeal and replace bill. Their opposition meant that the Senate would not have the simple majority vote required to pass the bill, and the Republicans’ long promised effort to repeal and replace the ACA seemed to end.

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UPS to Cut Spousal Coverage

UPS recently sent a memo to their employees informing them that they will be cutting spousal coverage. They cite the Affordable Care Act as the impetus for change in their coverage. This is largely related to the “Play or Pay” tax of the law. Under the “Play or Pay” tax, employers are required to offer coverage to at least 95% of their full-time employees and their dependents. Detailed regulations clarify that “dependents” means children only, and does not include spouses. This means that as long as employers offer an employee-only plan and an employee plus children plan, they would be in compliance with the regulations, and thus avoid tax liability. This is one strategy that an employer can take to comply with regulations, but also cut costs. It will be interesting to see if UPS’s major competitors will follow suit. I believe that we will see trends start to break out by industry when it comes to new coverage options. This is just a sign of what’s to come, so keep your eyes open!

The SHOP Marketplace delay

Several weeks ago the Obama administration announced that they would be delaying online enrollments for the SHOP exchange, where small businesses can come and purchase coverage.

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