ACA Employer Mandate Remains, Tax Bill Repeals Only Individual Mandate

On December 20, 2017, the House of Representatives held a final vote approving the Tax Cuts and Jobs Act, a tax bill that includes the repeal of the individual shared responsibility provision of the Affordable Care Act (ACA), commonly referred to as the individual mandate. The individual mandate required all United States taxpayers who did [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…]

ACA Legislative Update: June 2017

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?

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

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

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

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 Workforce Solutions Joins HRExaminer Radio to Discuss the Future of ACA

Equifax Workforce Solutions Joins HRExaminer Radio to Discuss the Future of ACA In one of his first official actions, President Trump swiftly signed an Executive Order signaling his intent to unwind the Affordable Care Act (ACA).  Although the executive order did not specifically mention employers, it did create a spark of chaos – leaving employers [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

Note: this post was updated on January 3, 2018. Just before many employers left the office for December 2017 holiday breaks,  the IRS made the important announcement that they are 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 [Read More…]