Affordable Care Act, Large Employer

Year-End Compliance Checklist for Employee Benefit Plans

Schwabe, Williamson & Wyatt PC on 10/23/2023

As we come to the end of the year, it is a good time for employers with January 1st health plan renewals to review their plan documents and get ready for open enrollment. The following is a checklist that lists some of the...more

IRS Reduces 2024 Affordability Percentage

Williams Mullen on 9/28/2023

The Internal Revenue Service (IRS) decreased the Affordable Care Act (ACA) affordability percentage for 2024 to 8.39%. This percentage is used to assess whether an applicable large employer’s (ALE) lowest-premium health plan...more

ACA Affordability Updated: Rev. Proc. 2023-29

Jackson Lewis P.C. on 9/5/2023

Under the Affordable Care Act (ACA), applicable large employers (ALEs) — i.e., those with, on average, fifty (50) or more full-time or full-time-equivalent employees in the preceding year — must offer in the following year...more

Affordable Care Act Reporting Requirements

Bond Schoeneck & King PLLC on 3/29/2022

For several years, the IRS showed leniency to large employers (50 or more employees) who failed to file Forms 1095-C and 1094-C accurately or by the annual deadline. The IRS has signaled these forms will be reviewed with...more

Take Notice: The IRS Proposes ACA Reporting Relief and Deadline Extensions!

Groom Law Group, Chartered on 11/24/2021

On November 22, 2021, the Department of Treasury and the IRS issued proposed regulations generally intended to provide Form 1095-B and 1095-C reporting relief. Under the statutory language of the ACA, reporting entities are...more

What Employers Should Know about ACA Shared Responsibility Payments

Proskauer - Employee Benefits & Executive... on 6/22/2020

A recently released redacted report from the Treasury Inspector General for Tax Administration (TIGTA) offers some helpful insights for employers who may be assessed shared responsibility payments because the IRS thinks they...more

Health Reimbursement Arrangement Update

Williams Mullen on 9/18/2019

On this episode of Williams Mullen's Benefits Companion, Brydon DeWitt reviews the final health reimbursement regulations that go into effect on January 1, 2020....more

Extended Time to Provide ACA Statements

Holland & Hart - Employers' Lawyers on 12/14/2018

The IRS has extended the time for large employers and medical insurance carriers to provide ACA statements to employees and insureds. See link to IRS Notice 2018-94. Employers (subject to the employer shared responsibility...more

The Affordable Care Act: What's New in 2018/2019?

Ward and Smith, P.A. on 12/13/2018

Over the past several years, there has been much speculation surrounding the Patient Protection and Affordable Care Act (the "ACA"), including whether it would be repealed in full, only partially, or not at all. Despite this...more

ACA Employer Mandate Assessments Coming

Proskauer - Employee Benefits & Executive... on 11/20/2017

Within the past few weeks, IRS officials have informally indicated that the IRS would begin assessing tax penalties under the Affordable Care Act’s (ACA) employer shared responsibility. The IRS has now updated its Questions...more

Section 4980H Large Employer Penalties – IRS Signals the Health Coverage Penalties Remain in Force

Snell & Wilmer on 9/19/2017

Many employers were hopeful that the Code Section 4980H penalties would be repealed now that Republicans control Congress and Trump is in the White House. To date, that has not happened, nor has the IRS announced it will not...more

Open Enrollment Looms and ACA Changes are Uncertain – What are Employers to Do?

Snell & Wilmer on 8/3/2017

On the morning of July 28, 2017, another effort to repeal or replace the Affordable Care Act (“ACA”) failed in a 49-51 Senate vote when three Republican senators voted against the bill. Attempts to pass even a trimmed down...more

The Rise of the Group Health Insurance Captive

Mintz - Employment Viewpoints on 6/15/2017

With its “employer mandate”—i.e., the requirement that applicable large employers make an offer of group health coverage to substantially all full-time employees or face the prospect of a penalty—the Affordable Care Act (ACA)...more

American Health Care Act Pulled From House Floor: No New Legislation to Repeal and Replace ACA

Perkins Coie on 3/29/2017

The much-anticipated vote by the U.S. House of Representatives on the “American Health Care Act,” also known as “AHCA” or the “Obamacare replacement bill,” was cancelled last week, leaving many to ask “what now?” As noted in...more

The Affordable Care Act is here to stay

McAfee & Taft on 3/28/2017

In the last few weeks we have talked to hundreds of employers about the American Health Care Act (AHCA), which was proposed in the U.S. House of Representatives on March 6. Many of you have asked about the AHCA, how it might...more

The Future of the Affordable Care Act Week 8: An Employer’s Guide to the Collapse of the American Health Care Act (Spoiler...

Mintz - Employment Viewpoints on 3/28/2017

The stunning failure of the U.S. House of Representatives to pass the American Health Care Act (AHCA) (which we previously reported on here) has political and policy implications that we cannot forecast. Nor it is it clear to...more

2015 Form 1095-C Penalty Letters: Have You Got Mail?

Balch & Bingham LLP on 2/10/2017

Since late December, 2016, many Applicable Large Employer Members have received IRS Letter 5699 from a Tax Compliance Officer at an address in Florence, Kentucky. The “Dear Taxpayer” letter is headed: “Request for Employer...more

ACA Reporting (Forms 1095-C and 1094-C) – Round Two

Poyner Spruill LLP on 11/8/2016

One of the greatest things about year-end is the hope and excitement of a brighter new year around the corner. In the midst of this holiday season — and no doubt as a present to us all — the Internal Revenue Service has...more

2016 Draft Forms 1094-C and 1095-C and Instructions: What’s New, Page-by-Page

Balch & Bingham LLP on 8/9/2016

In the ACA realm, change is the only constant, so don’t take this to the bank. We’re telling you what we see for the first time, on a first reading of the draft 2016 Forms and Instructions that the IRS has released since...more

How to Respond to a Notice From the Health Insurance Marketplace That Your Employee Has Qualified for an Advance Premium Tax...

BakerHostetler on 6/20/2016

Starting in 2016, the Federal Health Insurance Marketplace (the “Marketplace”) will send notices to applicable large employers whose employees received advance premium tax credits and cost-sharing reductions, if those...more

Refresher Course on Affordable Care Act Individual and Employer Penalties For Not Having Health Insurance

Dickinson Wright on 5/23/2016

Even though penalties for failure to comply with Affordable Care Act (ACA) coverage requirements have been in force since January 1, 2014 for employers with 100 or more full-time equivalent employees and January 1, 2015 for...more

Can the ACA Employer Health-Insurance Mandate Be Avoided by Reducing Employees’ Hours? McGuireWoods Healthcare Reform Guide:...

McGuireWoods LLP on 4/22/2016

This is the 56th in a series of WorkCite articles concerning the Patient Protection and Affordable Care Act and its companion statute, the Health Care and Education Reconciliation Act of 2010 (referred to collectively as the...more

Patient Protection and Affordable Care Act (PPACA) › Large Employer