Government Insights

AHCA Scrapped, Obamacare Remains Law of the Land

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

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?

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

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

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…]

Employers Omitted in Executive Order, ACA Legislation Unchanged

On January 20, 2017, just a few hours after being sworn in to office, President Trump signed an executive order confirming the Administration’s intent to repeal the Affordable Care Act (ACA) and directing government agencies to “ease the burden” of the ACA in the meantime. It’s important to note, however, that executive orders do not [Read More…]

ACA Penalties on the Way, IRS Letter 5699 Requests Missing Reporting

Recently, the IRS began sending Letter 5699 to request missing 2015 Affordable Care Act (ACA) reporting from Applicable Large Employers (ALEs).  A sample of this letter is available here. In the Letter 5699, titled “Request for Employer Reporting of Offers of Health Insurance Coverage (Forms 1094-C and 1095-C)”, a tax compliance officer is notifying the [Read More…]

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…]

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…]