The Internal Revenue Service (IRS) recently issued a notice (Notice 2018-6) that extends the due date for furnishing required Affordable Care Act (ACA) forms to individuals and employees until March 2, 2018. Previously, the deadline to furnish individuals with their 2017 Form 1095-B (Health Coverage) and 1095-C (Employer-Provided Health Insurance Offer and Coverage) was January...Read More
Last Thursday, the United States Supreme Court voted 6-3 in favor of the defendants in the case of King v. Burwell. In that case, the petitioners argued that the words, “an exchange established by the state” in the Affordable Care Act meant that only Americans purchasing health care coverage from a State-run exchange (such as...Read More
Beginning January 1, 2015, employers with 100 or more employees that fail to offer health insurance coverage to full-time employees or that offer health insurance coverage that is not “affordable” are subject to penalties under the Affordable Care Act. Employers that fail to offer health insurance coverage are subject to a penalty of up to...Read More
Two federal appeals court issued conflicting rulings today on whether the government could offer subsidies in the form of tax credits on health insurance premiums for people in approximately 36 states who purchased insurance on federally-run exchanges under the Affordable Care Act. U.S. Court of Appeals for the District of Columbia Circuit: Government CANNOT Subsidize...Read More
The I.R.S. has recently issued additional guidance on the consequences of employers failing to provide health insurance coverage to employees. Generally, an employer may reimburse employees’ for substantiated premiums paid by an employee for non-employer-sponsored hospital and medical insurance. In such instances, the payments are excluded from the employee’s gross income. These arrangements are often referred to...Read More
On February 10, 2014, the Obama administration announced that it will delay implementation of part of the Affordable Care Act’s employer mandate for a second consecutive year. The Treasury Department stated it will delay the mandate’s penalty for small businesses who employ between 50 and 99 workers for one additional year, to 2016. Employers with...Read More
