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The Affordable Care Act has had a significant impact on employers of all sizes. Small employers are no longer rated based on gender or medical conditions, which is good for some companies but bad for others. Larger companies are required to offer qualified, affordable health insurance to their employees or face a tax penalty. And companies large and small are having to spend more time than ever on paperwork and employee communications.

Below are some updates to help employers develop strategies to keep premiums under control, understand how the employer mandate applies to them, and satisfy their employer reporting requirements.

Small employers can keep transitional plans for a few more months

  • March 7, 2016

On February 29, the Centers for Medicare and Medicaid Services (CMS) announced that it was extending the timeframe for “grandmothered” or transitional plans that have not yet implemented all of the requirements of the Affordable Care Act (ACA). This is…

IRS delays reporting deadlines for applicable large employers

  • December 29, 2015

Earlier today, the Internal Revenue Service (IRS) announced that it would give self-insured and applicable large employers additional time to comply with the 6055 and 6056 reporting requirements for 2015. In Notice 2016-4, the IRS said that "additional time to adapt…

Cadillac tax postponed by two years

  • December 24, 2015

A few days ago, President Obama signed legislation delaying the Affordable Care Act’s “Cadillac tax” for two years. The tax on high cost health plans is now scheduled to go into effect in 2020. The provision delaying the excise tax…

What is a Medical Emergency?

  • November 10, 2015

The Affordable Care Act requires insurance companies to pay for emergency services as an in-network benefit even if you receive care from a non-network provider, but what's the definition of a medical emergency? Well, it may differ slightly from one…

Employer Reporting under the ACA

  • October 12, 2015

Beginning in 2015, employers are required to provide information to their employees and to the IRS about their employer-sponsored health coverage, but there’s a lot of confusion about which employers are subject to the requirement and what tax forms they’re…

Congress passes bill to retain current definition of small group

  • October 5, 2015

Employers with 51 to 100 employees have been understandably worried for the past few months. That’s because, starting with their renewal date in 2016, the Affordable Care Act would re-define them as small employers, making them subject to the modified…

New IRS Resource helps Employers Understand the Health Care Law

  • September 28, 2015

The new ACA Information Center for Applicable Large Employers page on IRS.gov features information and resources for employers of all sizes on how the health care law may affect them if they fit the definition of an applicable large employer.…

Fact Sheet on the Cadillac Tax

  • September 21, 2015

The Affordable Care act creates Section 4980(I) of the tax code, often referred to as the Cadillac Tax. Scheduled to go into effect in 2018, the Cadillac Tax is a 40% excise tax on high valued health plans, those with…

Calculating the Employer Mandate Penalty for 2015

  • September 14, 2015

We’ll keep this short and simple, but calculating the employer mandate penalty can get very complicated very quickly. In general, the Affordable Care Act requires employers with 50 or more employees, including full-time equivalents, to offer affordable coverage providing minimum…