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

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…]

ACA Reporting: Top 10 Things Employers Must Know Now

Webinar: ACA Reporting: Top 10 Things Employers Must Know Now Tuesday, November 15 | 2:00 PM ET Hosted by Employee Benefit News Register With ACA reporting deadlines lurking around the corner, time is running out for employers to implement the systems and processes necessary to get forms 1094/1095 out the door. Join us as we reveal [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…]

ACA Subsidy Appeals and Employee Communication: An Employer’s Perspective

ACA Subsidy Appeals and Employee Communication: An Employer’s Perspective Complimentary Webinar On-Demand Presented by Equifax, hosted by Employee Benefit News Watch & Learn Now By now you are probably aware that the Centers for Medicare and Medicaid Services (CMS) has begun sending Marketplace subsidy notices. You may even have a good idea of how the [Read More…]