The ACA Times

Brought to you by TRUSAIC

  • The ACA’s Future Hangs in the Balance

    The ACA’s Future Hangs in the Balance

    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 The post...

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  • IRS 4980H ACA Penalties Are Forever

    IRS 4980H ACA Penalties Are Forever

    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 The post IRS 4980H...

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  • What you Need to Know About IRS Letter 5699

    What you Need to Know About IRS Letter 5699

    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 post...

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  • ACA Special Enrollment Period Garners 1 Million Signups

    ACA Special Enrollment Period Garners 1 Million Signups

    3 min read President Biden’s special enrollment period has already generated 1 million additional signups on the federal ACA health exchange. New Health and Human Services (HHS) Secretary Xavier...

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  • Get to Know the ACA’s Rule of Parity

    Get to Know the ACA’s Rule of Parity

    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.  This is...

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  • ACA State Reporting Deadline for California is May 31

    ACA State Reporting Deadline for California is May 31

    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 The post...

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  • IRS Limited Non-Assessment Periods Help Avoid ACA Penalties

    IRS Limited Non-Assessment Periods Help Avoid ACA Penalties

    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...

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

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

    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 The post ACA Employer Penalties Are Real and The...

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  • Your ACA State Filing Questions Answered

    Your ACA State Filing Questions Answered

    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. With the 2020 tax year The post Your ACA State...

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  • ACA Rule From Trump Era is Struck Down

    ACA Rule From Trump Era is Struck Down

    3 minute read: A federal court recently invalidated significant parts of a Trump administration rule affecting the Affordable Care Act (ACA). What this decision means and how it could impact The...

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  • American Rescue Plan Introduces New Changes to COBRA

    American Rescue Plan Introduces New Changes to COBRA

    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 The...

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  • How to Handle ACA Filing Corrections With the IRS

    How to Handle ACA Filing Corrections With the IRS

    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 The post How to Handle...

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  • IRS Affordability Safe Harbors Help Avoid ACA Penalties

    IRS Affordability Safe Harbors Help Avoid ACA Penalties

    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? It’s an The post IRS...

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  • Biden Seeks to Make PTC Eligibility Expansion Permanent

    Biden Seeks to Make PTC Eligibility Expansion Permanent

    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 The post Biden Seeks to...

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  • IRS Suspends Excess Repayment of APTCs for 2020 Tax Year

    IRS Suspends Excess Repayment of APTCs for 2020 Tax Year

    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 The post IRS...

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

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

    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...

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

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

    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.   The post [UPDATE]...

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  • IRS Enforcement of the ACA is Increasing

    IRS Enforcement of the ACA is Increasing

    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 The post IRS...

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  • What Happens if You Fail to Pay an ACA Penalty?

    What Happens if You Fail to Pay an ACA Penalty?

    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 The post What Happens if...

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  • Classify Workers Correctly to Determine ALE Status and Avoid ACA Penalties

    Classify Workers Correctly to Determine ALE Status and Avoid ACA Penalties

    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 The post...

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