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Straight From The Source Blog


Republican ACA repeal effort dead for now

July 28 , 2017

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Senator John McCain (R-Arizona) cast the dramatic and decisive “no” vote early Friday, July 28 that upended the Republican effort to repeal the Affordable Care Act.

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Tags: Compliance


ACA employer mandate and paid family leave guidance

June 30 , 2017

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What happens if the ACA employer mandate is repealed?

The Affordable Care Act (ACA) requires applicable large employers (ALEs) to offer affordable, minimum value health coverage to their full-time employees in order to avoid possible penalties. Because this employer mandate has been criticized as burdensome for employers and an impediment to business growth, its repeal has been a central part of Republican plans to repeal and replace the ACA.

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Tags: Compliance


Senate releases ACA "repeal and replace" bill

June 22 , 2017

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On Thursday morning, members of the Senate revealed their version of the American Health Care Act (AHCA), titled the Better Care Reconciliation Act of 2017 (BCRA), to repeal and replace the Affordable Care Act (ACA). Like the AHCA, the majority of the BCRA deals with individual markets and Medicare. Of particular note, the BCRA places the eligibility for tax credits to purchase individual coverage back on income, instead of on age as the AHCA does.

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Tags: Compliance


PCORI fees due by July 31

June 15 , 2017

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With summer in full swing, July 31 will be here before you know it. On or before that date, some employers will need to file an IRS Form 720 and submit the applicable payment for their Patient Centered Outcomes Research Institute (PCORI) fees. Employers with self-funded health plans and those with HRAs are generally responsible for filing and paying the fee. Employers with fully-insured health plans are generally not responsible for the filing or paying, unless they also sponsor an HRA.

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Tags: Compliance


House passes American Health Care Act

May 04 , 2017

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On Thursday afternoon, members of the House took first steps toward repealing and replacing the Affordable Care Act (ACA) by passing the American Health Care Act (AHCA). While the majority of the AHCA deals with individual markets and Medicare, there are provisions that will affect employers if the bill becomes law. In particular, the AHCA would reduce the penalties imposed under the Individual and Employer Mandates to zero beginning in 2016, effectively repealing both (although they would technically still exist).

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Tags: Compliance


Republicans abandon vote on ACA replacement

March 24 , 2017

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On Friday afternoon, House Republicans abandoned a vote on their health care replacement plan, called the American Health Care Act of 2017, after it became apparent that the Republicans did not have the votes they needed to pass the bill. This comes a day after the President threatened to walk away from health care reform if the House did not vote on the matter. Therefore, it appears at this time that Congress and the President will be “moving on” from health care to tackle other items such as tax reform. This means the current effort to repeal is in all likelihood over, at least for now.

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Tags: Compliance


GOP unveils bills repealing and replacing ACA

March 08 , 2017

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Tags: Compliance


ACA and Medicare reports due soon

February 16 , 2017

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ACA Reporting

This is a last reminder (until next year) of the due dates for IRS reporting under the ACA. Filing the 2016 Forms 1094-B, 1095-B, 1094-C and 1095-C with the IRS must be completed no later than February 28, if not filing electronically, and March 31 if filing electronically. Further, employee statements required under the ACA are due no later than March 2.

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Tags: Compliance


Trump signs executive order on the ACA

January 23 , 2017

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On Jan. 20, 2017 as his first act as president, Donald Trump signed an executive order addressing the Affordable Care Act (ACA). The order states that it is intended “to minimize the unwarranted economic and regulatory burdens” of the ACA until the law can be repealed and eventually replaced. The executive order is very broad, and it does not include detailed guidance for how it should be carried out. Instead, it gives federal agencies authority to eliminate or fail to enforce any number of ACA requirements, as permitted by law. As a result, until the new heads of federal agencies are in place, it is difficult to know how the ACA will be specifically impacted.

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Tags: Compliance


FLSA overtime rule blocked by federal judge

November 23 , 2016

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A federal district court in Texas granted a preliminary injunction against the new FLSA overtime rule set to go into effect on December 1. Therefore, the rule is halted and will not go into effect on December 1, giving you a reprieve until the matter can be litigated.

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Tags: Compliance


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