ACA Update: IRS Extends Distribution Deadline for 1095 Forms

Were you greeted at work today by news of the IRS extending the distribution deadline for 1095 forms? The Equifax ACA team has reviewed the official documentation from the IRS to provide you with the important details you need. Following consultation with stakeholders, the Department of the Treasury and the IRS have determined that a substantial [Read More…]

Black Friday Brings A Spike in Credit Card Account Openings

For the past four years, the Sundays before and after Black Friday have seen a fairly consistent 50% increase in the opening of retail credit card accounts over an average day in November or December. New retail credit card openings peak on Black Friday, when consumers on the average have continued to open nearly 3 [Read More…]

ACA Update: Election Aside, 2016 Reporting Requirements Remain

While there has been significant speculation about how the results of the 2016 election will impact ACA, the current regulations and accompanying penalties are still in place. The new administration would have a difficult time making any significant changes before the January 31, 2017 deadline to furnish 1095-Cs to employees and enrolled individuals. The Republican [Read More…]

In the News: How Will Rising ACA Premiums Affect Employers?

By now, you have likely seen numerous headlines and reports about Affordable Care Act (ACA) health insurance premiums increasing an average of 25% for the 2017 plan year. While this increase may be worrisome for plan subscribers, it’s important for employers to understand the implications of these rising ACA premiums as well. What do ACA (also [Read More…]

Equifax in Action: ACA Management Solutions

The Affordable Care Act (ACA) has brought unprecedented changes to workforce management and compliance. Employers often underestimate the amount of time and expertise required to effectively manage ACA compliance tasks such as data collection, calculating eligibility, completing tax forms, and more. That’s why organizations of all sizes turn to Equifax and our award-winning ACA Management Solutions. [Read More…]

IRS Releases Final 2016 ACA Forms and Instructions

On August 1, the Internal Revenue Service released the much-anticipated draft 2016 instructions for Affordable Care Act Forms 1094-C and 1095-C, which are used by Applicable Large Employers (ALEs) to report on employer-provided health insurance offers and coverage. On September 30, 2016, the IRS posted new versions of the instructions and forms. Although the information [Read More…]

MLA Final Rule: Updates based on the August Interpretative Rule

As the Department of Defense’s (DoD) Military Lending Act (MLA) Final Rule (also known as the July 2015 Final Rule) takes effect October 3, 2016, many lenders are still struggling to understand just how these updates will impact them. Are their loans covered? Are they not? Do they need to create two sets of disclosures, [Read More…]

Equifax Forms Strategic Alliance with Adobe to Make IXI Digital Targeting Segments Available Within Adobe Audience Manager

Advertisers Can Now Define Target Audiences Through Estimated Financial Behaviors and Purchase Propensities McLean, VA – August 31, 2016 – Equifax Inc. (NYSE:EFX), a global information solutions provider today announced that its division, IXI Services, and Adobe today have joined forces to make IXI’s Digital Targeting Segments available as a selection criteria within Adobe Audience [Read More…]

New and Notable: 2016 Draft Instructions for ACA Forms

Recently, the Internal Revenue Service released the much-anticipated draft instructions for Affordable Care Act Forms 1094-C and 1095-C.While changes to ACA forms and filing requirements can be difficult to follow, we’re here to help. Our team of ACA experts has reviewed these documents to deliver a brief overview of what’s new and notable. Here’s what [Read More…]

Equifax Partners with iCIMS: Recruiting to Onboarding Integration

Hiring managers are facing greater pressure to manage increases in government regulations and the resulting complex onboarding process, including state notifications, Form I-9, and WOTC Screening.  An applicant tracking system (ATS) that is not integrated to a compliance solution leads to: Disjointed and inefficient recruiter workflow Process inefficiencies and additional workload Potentially costly errors Security [Read More…]