New IRS Guidance: Letter 226J, Paying ACA Penalties

On November 2, 2017, the Internal Revenue Service (IRS) quietly updated its Questions and Answers page pertaining to the employer shared responsibility provisions of the Affordable Care Act (ACA). Significantly, the IRS added a section titled, “Making an Employer Shared Responsibility Payment,” which includes the first-ever official, detailed guidance regarding how penalties under Internal Revenue [Read More…]

IRS Releases ACA Forms, Instructions, and Guidance for 2017

In October, the Internal Revenue Service (IRS) published updated versions of  Affordable Care Act Forms 1094-C and 1095-C, as well as the instructions for how to complete the forms for tax year 2017. Forms 1094-C and 1095-C are used by Applicable Large Employers (ALEs) to report on employer-provided health insurance offers and coverage.  The updated [Read More…]

Understanding Trump’s October 2017 Executive Actions

There have been two recent actions by President Trump regarding the Affordable Care Act (ACA) that may cause employers some confusion. The Equifax ACA team has compiled an overview to  help employers better understand what these actions mean for their organization. 1.) The Executive Order from 10/12/2017- Presidential Executive Order Promoting Healthcare Choice and Competition Across [Read More…]

3 Letters from the IRS Your Organization Can’t Ignore

The failure of the Senate’s “skinny repeal” bill signaled what many employers were waiting to hear definitively: the Affordable Care Act (ACA) is here to stay, at least for now. If your organization had previously been playing “wait and see” regarding your reporting obligations, now is the time to comply with the ACA or face [Read More…]

Three Ways to Boost Your Experience at ASHHRA

Three Ways to Boost Your Experience at ASHHRA Now more than ever, HR professionals in healthcare organizations are faced with more complex compliance regulations and are being held at higher standards of accountability in meeting workforce needs. There is no better place to network, share best practices, speak to industry experts, and learn how to [Read More…]

Repeal of Affordable Care Act Derailed by Senator McCain

Background After several months on a legislative roller coaster ride, the effort by congressional Republicans to repeal and replace the Affordable Care Act (ACA), President Obama’s signature piece of healthcare legislation, has abruptly come to a halt. Early on Friday, July 28, 2017 – following a dramatic return to the Senate after receiving a diagnosis [Read More…]

More Employers Finding Lies on Resumes

According to HR Dive, a “new survey by HireRight, found that 85% of employers uncovered lies on job applicants’ resumes. More employers are finding lies than they did five years ago, when the rate was 66%, according to HireRight’s 10th annual Employment Screening Benchmark Report.”  Fortune magazine reports that lies could be due to a [Read More…]

SHRM Annual Meeting Recap – Equifax Workforce Solutions

It was a great week at the SHRM Annual Conference and Exposition for Equifax Workforce Solutions!  We had the pleasure of meeting with some existing clients, learning more about HR trends and challenges of today, and connecting with a number of attendees. Themes of the conference seemed to be around finding single point vendors, integrating [Read More…]

Senate Republicans Reveal the Better Care Reconciliation Act

Background In recent weeks, Senate Republican leaders held a series of private meetings to draft a bill they hope will repeal and replace the Affordable Care Act (ACA) through the budget reconciliation process, which allows Congress to repeal and replace key components of the ACA legislation with a simple majority vote (and with no opportunity [Read More…]

Future Compliance Obligations Hinging on the Fate of the ACA

Future Compliance Obligations Hinging on the Fate of the ACA With future compliance obligations hinging on the fate of the ACA and/or the AHCA, some employers may be tempted to hold off on making any large-scale changes to their ACA compliance strategy. However, it’s important for employers to continue adhering to the current ACA reporting and compliance [Read More…]