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ACA 101

6
Dec 2017
Posted in ACA 101

Distribution of Form 1095C to Employees 1095C Form must be provided to employees no later than January 31st, 2018. Forms can either be provided to the employee directly or mailed. Forms being mailed must be postmarked by January 31st. Employers must obtain affirmative consent to furnish a statement electronically. Penalty: Failure to provide employees with

6
Dec 2017
Posted in ACA 101

The Affordable Care Act reporting requires employers with 50 or more Full Time Equivalent Employees to report on the offer of health coverage to full-time employees and their family member, as well as when the offer was made. Additional reporting such as if the coverage offered was affordable and whether the employees enrolled in the

7
Nov 2017
Posted in ACA 101

President Donald Trump announced via executive order on Oct. 12 that he was ending payments to insurers for subsidizing low-income market participants, saying the payments are illegal because Congress hasn’t appropriated the money. These so-called cost-sharing reduction (CSR) payments, which subsidized health plans purchased on the ACA’s Marketplace exchanges, are sometimes called “extra savings” and are distinct from

7
Nov 2017
Posted in ACA 101

Under the ACA, a large employer must offer “affordable” medical coverage to at least 95%of its full-time employees and their dependent children, age 26 or younger or face stiff penalties. A penalty of $2,260 per full-time employee (minus the first 30) if the employer fails to offer minimum essential coverage to 95 percent of its

1
Nov 2017
Posted in ACA 101

On October 12th 2017, President Donald Trump signed an Executive Order which directed federal agencies to review regulations surrounding three health care plan options: Association plans Short-term limited-duration insurance (short term health plans) Health reimbursement arrangements (HRA). This Order does not create any new regulations.  It does not include any specific directive on any of

27
Oct 2017
Posted in ACA 101

President Donald Trump announced that he will not continue federal subsidies, known as cost-sharing reduction (CSR) payments, to insurance companies that reduce health care costs for low-income enrollees. Senators Lamar Alexander (R-TN) and Patty Murray (D-WA) announced that they have reached a bipartisan agreement to stabilize the Affordable Care Act (ACA) markets. The bill, known as the Bipartisan

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