ACA

Posted July 28th, 2017 in Producers, Employers, Individuals
Well, after several months of debate, it appears you can keep your Obamacare plan and everything else that comes along with the Affordable Care Act (ACA). 
 
On Tuesday, the Senate voted favorably on a motion to proceed with the debate over a repeal and/or replacement of the ACA. This was a significant procedural step necessary to pass a bill in the Senate. 
 
Posted July 24th, 2017 in Producers, Employers, Individuals
Senate Republicans may vote as early as Tuesday on a bill that would repeal and replace key parts of the Affordable Care Act (ACA), but there are still a couple of unknowns. 
 
Posted July 18th, 2017 in Producers, Employers, Individuals
Senate Republicans introduced the Better Care Reconciliation Act of 2017 (BCRA) last month which would repeal and replace key parts of the Affordable Care Act (ACA). It’s been amended two times since it was released and is now in its third version. The latest changes were released on July 13th and include the following updates:
 
Posted July 3rd, 2017 in Producers, Employers, Individuals
It appears crunch time is nearing for Senate Republicans who want to repeal and replace key parts of the Affordable Care Act (ACA). While there is no official deadline to pass legislation that would alter the ACA, the artificial deadline is the end of July.
 
Posted June 20th, 2017 in Producers, Employers, Individuals
President Donald Trump held a party in the White House Rose Garden to celebrate the passage of the American Health Care Act (AHCA) by the House of Representatives (House). President Trump touted the House bill as being an “incredible health care plan.” The AHCA is now under consideration by the Senate, and in a closed-door meeting held with several Republican Senators last week, President Trump allegedly said the current version of the AHCA is too “mean” and needs to be “more generous.” 
 
Just how "mean" is the AHCA, and who is it "mean" to?
Posted June 8th, 2017 in Producers, Employers, Individuals
The most important person in the healthcare debate right now isn’t President Donald Trump. It isn’t Speaker of the House Paul Ryan, and it isn’t Senate Majority Leader Mitch McConnell. Heck, it’s not even Health and Human Services Secretary Tom Price. 
 
The most important person in the healthcare debate, right now, is Elizabeth MacDonough. You’re probably not familiar with MacDonough because she likes to stay out of the spotlight, but she has a lot of power and influence in Washington. 
 
Posted May 30th, 2017 in Producers, Employers, Individuals

Unless or until the Affordable Care Act (ACA) is repealed, the Individual and Employer Mandates remain intact, and earlier this month the Internal Revenue Service (IRS) issued some regulatory guidance pertaining to the two mandates for 2018.

Posted May 16th, 2017 in Producers, Employers
The fifth installment of the Patient-Centered Outcomes Research Institute (PCORI) fees will be due on July 31, 2017. As its name suggests, PCORI is a research institute, and it was created by the Affordable Care Act (ACA) to improve clinical effectiveness. It is partially funded by fees charged to health plans.
 
The following list contains information and some reminders about the upcoming PCORI fee that is due:
 
  • The fee is paid on the average number of covered lives for the plan year ending in 2016.
Posted May 9th, 2017 in Producers, Employers, Individuals
Democrats could literally be heard singing “Na, Na, Na, Na, Hey, Hey, Goodbye” after House Republicans passed the American Health Care Act (ACA), a bill that aims to repeal and replace much of the Affordable Care Act (ACA). Why the heck would Democrats be singing this song since Republicans are one step closer to getting rid of their signature law? It turns out they were taunting House Republicans who they think won’t get reelected now that they voted to pass the AHCA.
 
Posted April 25th, 2017 in Producers, Employers

The Treasury Inspector General for Tax Administration (TIGTA) issued a report dated April 7th and entitled “Affordable Care Act: Assessment of Efforts to Implement the Employer Shared Responsibility Provision.” In other words, TIGTA issued a report about the efforts of the Internal Revenue Service (IRS) to collect Employer Mandate penalties.

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