by Audrey Dodgen | Oct 21, 2022 | Affordable Care Act
Under longstanding ACA policy, people who seek to purchase their medical coverage on the Marketplace are provided tax subsidies to help with the cost if they meet certain criteria. Eligibility for those tax subsidies has been expanded with the release of Internal...
by Audrey Dodgen | Aug 9, 2022 | Affordable Care Act, Featured
For medical plan years beginning in 2023, the Internal Revenue Service (IRS) recently announced a significant decrease in the affordability percentage to 9.12%, from the previous level of 9.61%. This could trigger penalties for large employers who fail to adjust to...
by Audrey Dodgen | Jun 17, 2022 | Affordable Care Act, Featured
The IRS[1] has increased the amount of the annual PCORI[2] fee you may be required to pay as part of your ACA[3] compliance. This fee is due Aug. 1, 2022. For plan years that ended on or after Oct. 1, 2021, and before Oct. 1, 2022 (including calendar year plans), the...
by Audrey Dodgen | May 20, 2022 | Affordable Care Act, Featured
Every year, more and more employers find themselves facing stiff penalties from the IRS for their failure to comply with the reporting requirements of the Affordable Care Act, penalties they thought they could avoid by hiding behind the shield of the “good faith...
by Audrey Dodgen | May 3, 2022 | Affordable Care Act, Featured
Under current ACA policy, people who seek to purchase their medical coverage on the Marketplace are provided tax subsidies to help with the cost if they meet certain criteria. One of those criteria is that they do not have access to affordable minimum essential...
