ACA Times

Special Enrollment Period Doubles Enrollees, Final Month Approaches

ACA Times

In June, the ACA’s special enrollment period garnered 1 million sign-ups through the federal health exchange, HealthCare.gov. A month later and the number of enrollees has doubled.

Data 52

IRS Begins Issuing Letter 5699 For 2019 Tax Year

ACA Times

We’ve heard from our partners and brokers that the IRS has begun issuing Letter 5699 to employers for the 2019 tax year. Officially called “Missing Information Return Form 1094/1095-C,” Letter 5699 is the precursor notice that is issued to employers before a penalty assessment.

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ACA Survives Supreme Court, Focus Shifts to More Advancements

ACA Times

Earlier this month the Supreme Court issued its decision to uphold the ACA, dismissing the challengers who asserted it was unconstitutional. So, what happens next?

Understanding ACA Forms 1094-C/1095-C

ACA Times

Employers required to comply with the ACA’s Employer Mandate must report their full-time employee’s healthcare information to the IRS annually via forms 1094-C and 1095-C, but what exactly are these forms?

Professional Development Your Employees Actually Want

Did you know? Language learning is a proven PD tool that many employees already want, whether their organization is multilingual or not. In this eBook, you’ll learn how language learning makes employees more productive, reduces turnover, and more.

ACA Upheld By SCOTUS, Remains Law of The Land

ACA Times

4 min read. On Thursday, June 17, the Supreme Court of the United States struck down the case that asserts the ACA is unconstitutional, without even ruling on the underlying argument. In a landslide 7-2 vote , the ACA survived yet another legal challenge at the highest federal court.

3 Signs The IRS is Increasing Efficiency in ACA Enforcement

ACA Times

4 min read. It is a sign of good government that agencies tasked with enforcing complex statutes increase efficiency over time.

The ACA’s Future Hangs in the Balance

ACA Times

3 min read. The Supreme Court case in which the Justices consider whether the Affordable Care Act is unconstitutional without the Individual Mandate will see a judicial decision any day now. .

IRS 4980H ACA Penalties Are Forever

ACA Times

3 min read. The IRS announced that there is no statute of limitations for ACA penalties. What does that mean exactly? Simply put, it means that the ACA non-compliance penalties for any reporting year can be issued at any time in the future.

What you Need to Know About IRS Letter 5699

ACA Times

2 minute read. With the IRS ramping up enforcement of the ACA, employers should keep their eyes peeled for the penalty warning notice, Letter 5699. Responding promptly and accurately to the notice could save your organization hundreds of thousands of dollars. What is Letter 5699?

Tools 52

A Training Company’s Guide to Selecting an eLearning Platform

Training companies have an opportunity to embrace the change and create meaningful change in their organizations by moving online. Discover the advantages of a digital-first approach, using an eLearning platform.

ACA Special Enrollment Period Garners 1 Million Signups

ACA Times

3 min read. President Biden’s special enrollment period has already generated 1 million additional signups on the federal ACA health exchange.

Get to Know the ACA’s Rule of Parity

ACA Times

3 minute read. Without the proper tools or subject matter expertise, tackling the responsibilities of the Affordable Care Act’s Employer Mandate on your own can be overwhelming. .

ACA State Reporting Deadline for California is May 31

ACA Times

3 min read. May 31 is the deadline for self-insured employers and health insurance carriers to submit applicable ACA information to the California Franchise Tax Board (FTB) for the 2020 tax year.

IRS Limited Non-Assessment Periods Help Avoid ACA Penalties

ACA Times

4 minute read. The Employer Shared Responsibility Provisions (ESRP) under the Affordable Care Act may seem straightforward, but, in reality, complying with them can be challenging and time-consuming.

Explore a Roadmap to Pay Equity for Organizations Like Yours

The national conversation around pay equity has never been so hot. As employees push for better transparency, organizations are assessing and addressing pay gaps. Explore Gallagher's whitepaper, Pay Equity: The Time Is Now, to discover key insights.

ACA Employer Penalties Are Real and The IRS Will Be Issuing More

ACA Times

3 min read. ACA reporting for the 2021 tax year may not be top of mind for employers right now, but that doesn’t mean you shouldn’t be aware of the penalties being assessed by the IRS for non-compliance with the Employer Mandate.

Your ACA State Filing Questions Answered

ACA Times

3 minute read: We recently hosted a webinar on the growing number of states requiring ACA reporting in addition to federal filing with the IRS.

American Rescue Plan Introduces New Changes to COBRA

ACA Times

3 minute read: Biden’s American Rescue Plan (ARP) has reshaped the way Americans receive and qualify for healthcare coverage, including COBRA. Before diving into the specifics of how the ARP impacts recipients of COBRA, it’s best to first define the important healthcare term. What is COBRA?

How to Handle ACA Filing Corrections With the IRS

ACA Times

3 minute read: If you found yourself in a situation where you received receipt of your ACA information returns for 2020 with a status of “Accepted with Errors,” you’re not alone and you need to make filing corrections.

Data 52

How To Create A 100% Virtual Onboarding Experience

Speaker: Workbright

Are you struggling with virtual onboarding? Whether you are making the switch to remote work or biding your time until you can get back to the office–you need a solution that works. Check out our webinar on Thursday, May 20th at 2 PM E.T. to learn more!

IRS Affordability Safe Harbors Help Avoid ACA Penalties

ACA Times

4 minute read: How exactly do employers prove to the IRS that the healthcare plans they are offering to their workforce are affordable under the Affordable Care Act ?

Biden Seeks to Make PTC Eligibility Expansion Permanent

ACA Times

3 minute read: The Biden administration is once again finding ways to bolster the Affordable Care Act. This time the advancement comes in the form of ACA subsidies and the costs of healthcare obtained through state and federal health exchanges. In the newly released $1.8

IRS Suspends Excess Repayment of APTCs for 2020 Tax Year

ACA Times

3 minute read: The latest ACA advancement to be introduced by the Biden administration comes via the American Rescue Plan and applies to the use of Advanced Payments of Premium Tax Credits (APTCs) and Premium Tax Credits (PTCs).

IRS Experiences Paper Mail Backlog, Employers Should E-file ACA Returns

ACA Times

3 minute read: The COVID-19 pandemic created hardships for everyone and everything, including the IRS. On numerous occasions, the agency announced a significant backlog in processing paper returns. As of late March, the agency had a backlog of over 12 million returns.

Does Your Company Need Help Solving These 4 Common eLearning Challenges?

If you want to know how to get ahead of the game and avoid the common mishaps in selling your eLearning courses, you’ve come to the right place! Lambda Solutions has identified the most common and costly challenges faced by eLearning providers today.

[UPDATE] What Employers Need to Know About the Employee Retention Credit

ACA Times

3 minute read: The latest IRS Notice 2021-23 provides additional rules on the Employee Retention Credit (ERC) with respect to quarter one and quarter two of the 2021 tax year. .

IRS Enforcement of the ACA is Increasing

ACA Times

3 minute read: IRS enforcement of the ACA is going to increase throughout the remainder of the year and well into 2022, as President Biden’s FY 2022 discretionary request alludes to.

What Happens if You Fail to Pay an ACA Penalty?

ACA Times

3 minute read: Have you ever wondered what would happen if your organization failed to pay penalties assessed by the IRS under the ACA? In this post, Trusaic explains what you need to know about the IRS’ enforcement powers under the ACA, namely, the powers to levy and lien. .

Classify Workers Correctly to Determine ALE Status and Avoid ACA Penalties

ACA Times

3 minute read: Classifying workers is an important step for employers determining if the requirements of the ACA’s Employer Mandate apply to them. This is due to the necessary step of calculating ALE status. . Determining ALE Status.

5 Reasons Leaders Invest in Language Training

Communication is the lifeforce of any company. Without it, productivity, employee happiness, and ultimately your business suffers. Investing in language learning better positions global business leaders to see gains in organizational effectiveness as a result.

ACA Affordability for the 2021 Tax Year

ACA Times

2 minute read: For the 2021 tax year, the ACA affordability threshold will increase to 9.83%. That means employees will likely have to contribute more towards their employer-sponsored healthcare. IRS revenue procedure notice IRS Rev Proc.

Final Rule Allows for More Flexibility with Grandfathered Health Plans

ACA Times

3 minute read: In December 2020, the Departments of Labor, Health and Human Services, and Treasury (including the IRS) issued a final rule regarding ACA grandfathered health plans. .

March 31 is the Deadline for E-Filing ACA Returns With the IRS

ACA Times

2 minute read: March 31, 2021, is the deadline for e-filing ACA returns, Forms 1094-C and 1095-C, to the IRS for the 2020 tax year as required by the ACA’s Employer Mandate.

FTB to Publish Employer California Reporting Non-Compliance Data

ACA Times

3 minute read: Employers should be aware that data concerning non-compliance with California’s Individual Mandate will be publicly reported and published annually by the California Franchise Tax Board (FTB) on its website.

Meeting Today’s Challenges for Better Organizational Success Tomorrow

According to Gallagher’s research, stress and burnout raised organizational concerns for 70% of C-suites, and 26% of employers noted a decline in emotional wellbeing. The 2021 Q2 Gallagher Better Works Insights Report: Adapting for Tomorrow explores today’s unique workforce challenges and trends.