ACA Times

MARCH 10, 2021

fiscal outlook, including the fact that higher wages would increase consumer spending and bring in more taxes for federal programs like Medicare and Social Security” according to a post by CNBC. With ACA reporting for the 2020 tax year expected to be more challenging , best practices suggest incorporating an extensive ACA compliance process.

Compliance 246

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PeopleStrategy

JANUARY 17, 2024

Now also is the time to review your compliance obligations. If your health care policies include Medicare prescription drug coverage, you must notify those eligible policyholders if their prescription drug coverage is creditable and report this to the Centers for Medicare before Feb.

Payroll 130

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ACA Times

NOVEMBER 4, 2021

According to a news release from the Centers of Medicare and Medicaid Services (CMS) , there will be 213 participating insurers offering coverage for the 2022 plan year. Under the ARP, Americans with income up to 150% of the Federal Poverty Level (FPL) can receive silver quality health coverage for $0 monthly premiums. .

Planning Tools 130

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ACA Times

MAY 4, 2021

trillion American Families Plan proposal, the administration seeks to make the expansion around Premium Tax Credit (PTC) eligibility permanent. Both of these changes to PTCs and healthcare coverage were signed into law via the American Rescue Plan but are only slated to run through December 2022. . In the newly released $1.8

Compliance 130

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ACA Times

JUNE 3, 2020

2 minute read: The IRS recently issued proposed regulations on how the personal tax exemption reduction to “0” will affect qualifications for recipients of Premium Tax Credits (PTCs). The activity from these different agencies points to one thing; more premium tax credits being issued. For questions about the ACA contact us here.

Compliance 113

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HR Lineup

APRIL 23, 2024

In business operations, particularly for employers, navigating the intricacies of tax compliance is paramount. The information on Form W-2 includes total wages earned, federal and state income tax withheld, Social Security and Medicare taxes withheld, and any other deductions or contributions such as retirement plan contributions.

Compliance 85

Compliance Certification Report Retirement 85

ACA Times

FEBRUARY 2, 2022

million Americans elected to receive health coverage through one of the ACA’s insurance marketplaces during the 2022 open enrollment period. million were new signups , meaning they hadn’t previously received ACA coverage through the marketplace. These higher-income individuals can receive monthly coverage for no more than 8.5%

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ACA Times

JUNE 29, 2021

15), expanded Premium Tax Credit eligibility, suspended PTC repayments, and introduced significant changes to COBRA coverage. . An area that may also be a focus for the administration relates to the expansion of Medicare and Medicaid. of their monthly household income. million in Texas and nearly 800,000 in Florida.

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ACA Times

APRIL 8, 2021

Perhaps the biggest advancement to come from the ARP is the expansion of Premium Tax Credit (PTC) eligibility. Another advancement to expect in the near term relates to the expansion of Medicare and Medicaid. We’re committed to helping companies reduce risk, avoid penalties, and achieve 100% ACA compliance.

Planning Tools 237

Planning Tools Benchmarking Policies Compliance 237

ACA Times

FEBRUARY 19, 2020

2 minute read: The Centers for Medicare and Medicaid (CMS) has proposed a rule that would ensure that the agency doesn’t wrongfully provide health insurance subsidies, or Premium Tax Credits (PTCs) to ineligible individuals. That change would reduce the risk that ineligible enrollees receive federal subsidies,” the CMS said.

Compliance 100

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Tango Health

APRIL 30, 2021

The 2021 ACA penalty risk to employers is not just the opportunity for more Americans to sign up but the expansion of Premium Tax Credit availability. While these credits only apply in 2021 going forward, employers must pay special attention to any Full Time employee who is not offered coverage, even if it’s for a month.

Compliance 97

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ACA Times

SEPTEMBER 9, 2021

ACA navigators are responsible for helping individuals and families gain access to health coverage options through the various ACA health exchanges and Medicare/Medicaid. With increased PTC distribution, employers may face greater IRS scrutiny for ACA Employer Mandate non-compliance. For questions about the ACA contact us here.

Compliance 130

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ACA Times

MAY 6, 2021

On an annual basis, ALEs are required to offer certain health coverage under Section 4980H of the Internal Revenue Code and file information returns to the IRS regarding such health coverage under Section 6056 of the Code. Best practices suggest performing this safe harbor test for each full-time employee, every month. FPL Safe Harbor.

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ACA Times

JULY 26, 2021

On July 14, the Centers for Medicare and Medicaid Services (CMS) released new enrollment data that demonstrates more than 2 million Americans have signed up for ACA health coverage through federal and state health exchanges as a result of Biden’s special enrollment period. . million Texans are still without coverage.

Planning Tools 130

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ACA Times

FEBRUARY 11, 2021

healthcare since the enactment of Medicare and Medicaid in 1965, with far-reaching implications for both individuals and employers. The ACA requires Applicable Large Employers (ALEs) to report, using 1094-C/1095-C Forms, information about the health care coverage they offered to full-time employees. spouses/dependents).

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ACA Times

JULY 14, 2017

The IRS uses this information to administer the premium tax credit program. see IRS Still Moving Forward with ACA Compliance Enforcement for Employers). A new option to make individuals who enroll in catastrophic healthcare plans eligible for tax credits as long as they meet other eligibility requirements for tax credits.

Compliance 100

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HRWatchdog

MAY 25, 2021

The ARPA also allows a special second election opportunity for individuals who declined COBRA coverage or dropped coverage in the past and who would otherwise be eligible for COBRA as of April 1, 2021, if it were in effect. Department of Labor (DOL) issued model notices to assist with compliance. .

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ACA Times

DECEMBER 5, 2016

Tom Price (R-Georgia) to head the Department of Health and Human Services (HHS) quickly followed by his announcement of picking Seem Verma to lead the Centers for Medicare and Medicaid Services (CMS). CMS is the part of HHS that oversees Medicare, Medicaid and the Children’s Health Insurance Program (CHIP).

Compliance 100

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Tango Health

JANUARY 6, 2021

We may see an executive order to reverse the allowance of “Trumpcare” plans, which are non-ACA compliant catastrophic insurance plans that don’t offer Minimum Essential Coverage. Tango ACA Compliance & Reporting Solution We help our clients navigate the changing landscape of the ACA and achieve a higher standard of reporting accuracy.

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ACA Times

NOVEMBER 29, 2017

According to the Centers for Medicare and Medicaid , 1.5 Premiums may be up, but the offer of premium tax credits are offsetting those increases for many Americans. We’re committed to helping companies reduce risk, avoid penalties, and achieve 100% ACA compliance. million people. Now is the time to develop a response strategy.

ATS 100

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ACA Times

NOVEMBER 21, 2017

The web page has links to help businesses learn more about SHOP and whether they qualify to offer such coverage to employees. We’re committed to helping companies reduce risk, avoid penalties, and achieve 100% ACA compliance. For questions about the ACA contact us here.

Resources 100

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HRWatchdog

APRIL 13, 2021

Among the American Rescue Plan Act’s many provisions , it provides for 100 percent premium subsidies for health insurance continuation under the federal Consolidated Omnibus Budget Reconciliation Act (COBRA) for certain individuals who elect COBRA continuation coverage between April 1, 2021, and September 30, 2021.

Payroll 53

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Zenefits

SEPTEMBER 29, 2021

To help you stay on track during all of October, here’s our easy-to-use calendar with compliance reminders, social media events, and other dates to know. Register The post Free Small Business and HR Compliance Calendar: October 2021 appeared first on Workest. Use this link to download a printable PDF version of this calendar.

Compliance 69

Compliance Report 69

ACA Times

DECEMBER 11, 2019

The Center on Budget and Policy Priorities stated in a post that “more than 250,000 adults would lose coverage through the Affordable Care Act’s (ACA) Medicaid expansion, and some very low-income parents covered through Medicaid in states that haven’t adopted the expansion would lose coverage as well.”

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ACA Times

JULY 11, 2018

Recent data from the Centers for Medicare and Medicaid say otherwise. million Americans had selected a plan, paid their first month’s premium, if applicable, and had coverage in place in February 2018. million Americans had selected a plan, paid their first month’s premium, if applicable, and had coverage in place in February 2018.

Compliance 100

Compliance Policies Data Meeting 100

ACA Times

OCTOBER 31, 2016

In a report of “Estimates of Eligibility for ACA Coverage among the Uninsured in 2016,” numbers prove that many uninsured Americans are eligible for some financial assistance under the Affordable Care Act, yet aren’t taking advantage of it. We’re committed to helping companies reduce risk, avoid penalties, and achieve 100% ACA compliance.

Study 100

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Zenefits

MAY 20, 2022

Depending on your background, compliance can be one of those words that sends shivers of terror down your spine. Below you’ll find a glossary of several HR-related terms that are used when anyone is talking about HR compliance. Compliance posters. Consumer Credit Protection Act (CCPA). We understand. Copeland Act.

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ACA Times

FEBRUARY 23, 2017

This includes the repeal of any taxes imposed by the ACA (the excise tax, Medicare tax, the medical device tax, the NII tax), as well as penalties and shared responsibility payments. In terms of ACA replacement details, among other proposals, the outline proposes Health Savings Accounts (HSAs) , along with monthly tax credits.

Compliance 100

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Zenefits

JUNE 28, 2022

Annual changes to the federal health insurance marketplace, coupled with Affordable Care Act (ACA) requirements, are meant to help both employees and employers get more fair coverage. Affordable Care Act coverage requirements for employers. Does your healthcare coverage comply with ACA requirements? Compliance reviews.

Compliance 41

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ACA Times

DECEMBER 1, 2015

in 2014, and overall health spending grew by 5.3%, according to the Centers for Medicare & Medicaid Services (CMS) , a slower rates of growth than most years prior to passage of the Affordable Care Act. growth in 2013, reflecting the increased number of individuals with health coverage, according to CMS. for Medicare.

Report 100

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Zenefits

FEBRUARY 24, 2020

The Zenefits’ 2020 Compliance Calendar can help you get organized, meet all regulatory needs, and make it easier to manage your benefits plan responsibilities. Organizations that offer group health coverage for staff members are subject to a variety of compliance requirements throughout the year. Plan-Specific Deadlines.

Compliance 45

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ACA Times

SEPTEMBER 10, 2015

The Internal Revenue Service has issued proposed regulations that will require employer-sponsored health care plans to include “substantial coverage” for in-patient hospitalization and physician services. We’re committed to helping companies reduce risk, avoid penalties, and achieve 100% ACA compliance.

Compliance 100

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UKG

JUNE 3, 2021

In this blog, we’ll complete that analysis, and offer some practical tips on ensuring that employers remain in compliance with this massive, albeit temporary, change in COBRA rules. The guidance offers the example of two consecutive bi-weekly COBRA coverage periods running from March 28 through April 10, and April 11 through April 24, 2021.

Planning Tools 52

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Zenefits

SEPTEMBER 23, 2022

Make sure your October is as smooth as possible with our our easy-to-use calendar — filled with compliance reminders, social media events, and other dates to know. The post Free Small Business and HR Compliance Calendar: October 2022 appeared first on Workest. DayOfTheGirl. October 15. October 16. Username or Email Address.

Compliance 36

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ACA Times

APRIL 21, 2016

The report also discusses Medicaid, which provides a substantial amount of coverage for those under 65. This includes exclusion of premiums from federal income and payroll taxes through employer-obtained coverage, the federal government’s part in Medicaid funding (around two-thirds), tax credits, and coverage via Medicare and Disability.

Payroll 100

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Zenefits

SEPTEMBER 30, 2020

Between tax deadlines, compliance requirements, and keeping track of whatever hashtag you’re supposed to use to #promote your business, it can get overwhelming. Notice of Creditable/Non-Creditable Coverage. Running a small business is hard work. We’ve created this easy-to-use calendar to help you stay organized.

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Zenefits

JUNE 7, 2022

Year-over-year inflation adjustments that affect penalties for benefits non-compliance are based on the Consumer Price Index for All Urban Consumers (CPI–U). History of benefits compliance. And the Granite Cutters Union is credited with forming the first national sick benefit program in 1877. Retirement. How ERISA works.

HIPAA 68

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