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Tag: aca updates

ACA Remains in Force, Despite Court Ruling It’s Unconstitutional

A Texas federal district judge on Friday,  Dec. 14, 2018, held that the individual mandate was unconstitutional, and the remainder of the ACA was invalid and unenforceable in Texas v U.S. The court reasoned that without the individual mandate tax penalty, which was reduced to zero effective Jan. 1, 2019, under the […]

What The Individual Mandate Repeal Means For Applicable Large Employers

Yesterday, Congress passed tax legislation, that among many other things, included a repeal of the individual shared responsibility penalties beginning in 2019. So, what does this mean for the employer mandate? Well, it’s still on the books. Even though the individual mandate has been effectively repealed, individuals can still qualify […]

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 […]

ACA Cadillac Tax 2018

ACA Cadillac Tax coming in 2018

The Cadillac Tax is an annual excise tax beginning in 2018, on Employers (not employees), that provide “high cost” benefits through an Employer-sponsored Group Health Plan that is being offered to their employees. The Cadillac Tax is an Excise tax meant to reduce health care usage and costs, by encouraging […]