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…]
Government Insights
ACA Legislative Update: June 2017
June 7, 2017 by
It has been just over a month since the House of Representatives passed the American Health Care Act (AHCA) bill on May 4th. If you’ve been wondering, “What’s been going on lately? What’s next?” you’re certainly not alone. What’s happened since the May 4th AHCA bill passage? The Congressional Budget Office (CBO) released its report [Read More…]
CA & VT Send ACA Subsidy Notifications, Federal Next?
May 17, 2017 by
Recently, the Affordable Care Act (ACA) State-Based Healthcare Marketplaces in California, Covered California, and Vermont, Vermont Health Connect, sent ACA subsidy notifications for 2017 open enrollment to employers, joining the marketplaces of Connecticut, Minnesota and Washington who have also sent notifications. Equifax obtained copies of these newly-sent ACA subsidy notifications, which you may view here [Read More…]
10 Most Common ACA Challenges Employers Face in 2017
May 1, 2017 by
It’s been quite a saga for the Affordable Care Act (ACA) over the last year. It was dead, then maybe not, and now it’s here to stay (at least for now). In a recently-released audit and report completed by the Treasury Inspector General for Tax Administration (TIGTA) titled, “Affordable Care Act: Assessment of Efforts to Implement [Read More…]
New TIGTA ACA Assessment Indicates IRS Fines are on the Way
April 25, 2017 by
While employers have been working diligently to understand and comply with the Employer Shared Responsibility Provision of the Affordable Care Act (ACA), the Internal Revenue Service (IRS) has been stretched to implement processes and tools to identify non-compliant employers. We learned they were making strides in this regard with the release of Letter 5699 earlier [Read More…]
AHCA Scrapped, Obamacare Remains Law of the Land
March 28, 2017 by
The flurry of events on Capitol Hill last Friday afternoon left many Americans struggling to make sense of what all was happening at any given moment. On March 24, 2017—amidst unofficial tallies indicating the bill would not pass, and at President Trump’s request—the House of Representatives withdrew the American Health Care Act (AHCA) from consideration [Read More…]
Equifax wins Technology Excellence Award at Benefitfocus One Place
March 23, 2017 by
Pictured: Ray August, President and Chief Operating Officer at Benefitfocus; Scott Hudson, Senior Vice President, Equifax Global Consumer Services; Annmarie Fini, Senior Vice President, Customer Success at Benefitfocus; Vince Jajuga, Senior Director of Strategic Alliances, Equifax Workforce Solutions. Photograph courtesy of Benefitfocus. We’re excited to announce that the Equifax Affordable Care Act Management Solution has won a 2017 [Read More…]
ACA Filing Tips: What Does this IRS Error Mean?
March 8, 2017 by
It’s once again ACA filing season! HR and benefits professionals know that when preparing to transmit forms to the IRS – through the IRS ACA Information Return (AIR) System or through a technology vendor – it’s important to understand common IRS transmission error messages, plus what they mean to help remedy the problem. A better [Read More…]
Trending ACA Reporting Questions on our Community
February 21, 2017 by
We’re getting down to the wire! Deadlines for filing forms 1094-C and 1095-C are fast approaching, and the clients of our ACA Management Solutions have been making good use the Equifax ACA Community site to get the last minute information they’re after. Curious what the top trending ACA reporting questions are on our ACA Community [Read More…]
Prepare for Notifications with our ACA Subsidy Toolkit for Employers
February 9, 2017 by
While many HR and benefits professionals have been heads down and busy working on getting important tax forms out the door, a record-breaking open enrollment season has just ended on the Affordable Care Act (ACA) Marketplaces. So, why is this important? Employers will need to be prepared to receive ACA subsidy notices, likely in larger volumes [Read More…]
