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Affordable Care Act (ACA) Advisory

Adjusted ACA Fees for 2017

Adjusted ACA Fees for 2017

Patient-Centered Outcomes Research Institute Fee (PCORI) The new PCORI fee for 2017 is $2.26 per life for policy and plan years ending on or after October 1, 2016 and before October 1, 2017. Health insurers and sponsors of self-insured health plans are required to pay the fee and file Form……
21st Century Cures Act

21st Century Cures Act

After the House and Senate passed the 21st Century Cures Act, it went to President Obama who signed it earlier this week. The long-awaited legislation covers the following 5 major points, along with other changes in research, funding, and new drug approval. Focus on health information technology (HIT) The bill……

IRS Extends ACA Reporting Deadlines

On Monday, December 28, 2015, the IRS and Department of the Treasury issued Notice 2016-4. In the notice, the agency extended both furnishing to individuals their 1095 Forms along with filing deadlines to the IRS. The IRS stated: “We have determined that some employers, insurers, and other providers of minimum……

ACA Employer Update for 2016

Under the Affordable Care Act (ACA), people who can afford health insurance but choose not to enroll in coverage may be required to pay a fee (penalty) when filing on their 2015 Federal Tax Return. The fine is set to jump in 2016 to $695/adult, $347.50/child or 2.5% of adjusted…
Supreme Court

SCOTUS Rulings: How Employers Will Be Impacted

On Thursday, June 25th, 2015, the U.S. Supreme Court issued its final ruling in King v Burwell. The Supreme Court upheld the availability of subsidies in all 50 states, including those 34 States utilizing the Federally Facilitated Exchange. The Supreme Court reasoned that Congress intended subsidies to be available in…