The IRS released draft 2018 forms for Affordable Care Act (ACA) reporting under Internal Revenue Code (Code) Sections 6055 and 6056. Draft instructions for 2018 have not yet been released.
On Jan. 22, 2018, President Donald Trump signed a short-term continuing spending resolution into law to end the government shutdown and continue funding through Feb. 8, 2018. The continuing resolution impacts the following three taxes and fees under the Affordable Care Act (ACA): Cadillac tax Health insurance providers fee Medical device excise tax Cadillac Tax … Continue reading Spending Resolution Affects ACA Taxes
By Drew Altman Wall Street Journal October 2, 2015 Democratic presidential candidates Hillary Clinton and Bernie Sanders and a bipartisan group from Congress have come out in favor of repealing the Affordable Care Act’s “Cadillac tax.” Debate over the Cadillac tax on employer-provided health-care plans has been framed by some as a matter of good … Continue reading Two Substantive Sides to Debate Over Obamacare’s ‘Cadillac Tax’
Now that 2014 is here, we’d like to summarize what to expect from the Accountable Care Act this year. Insurance Exchanges: Health care purchasing exchanges must be operational in every state. New Health Coverage Options Begin: Millions of Americans have been signing up for health insurance plans since the exchanges opened on October 1, 2013. People who … Continue reading Affordable Care Act – What to Expect in 2014
Understanding that there are so many questions and some unknowns about the new law and how it affects individuals, I wanted to post a quick note on what many may not fully understand as part of this law – whether you are new at buying individual insurance or more importantly, seasoned at it. Should you … Continue reading New Rules of Health Insurance
by SUEEMERY on JULY 12, 2013 in AFFORDABLE CARE ACT, HEALTH CARE REFORM, PPACA, TREASURY, Copyright ©2013 Towers Watson. All Rights Reserved Treasury Says No Impact on Any Other Provisions of the PPACA in 2014 The Obama Administration unexpectedly announced on July 2 that employers will be provided an additional year, until 2015, before any penalties are assessed under the employer play-or-pay … Continue reading Employer Play-or-Pay Mandate Penalties and Certain Employer Reporting Requirements Delayed Until 2015
I specifically waited until elections were over to write this piece. I am not sure why, because in all honesty, the elections would have had a minor impact on this piece of legislation. Before you go off on a political rant, please hear me out. Over the past 2 years, I have devoted much of … Continue reading Health Care Reform is now the “Law of the Land” – or is it?