Look Back Method and COVID-19

The Affordable Care Act (ACA) requires applicable large employers (ALEs) to offer affordable, minimum value health coverage to their full-time employees or possibly pay a penalty. The evolving coronavirus crisis has raised questions on how employers should determine what a full-time employee is during periods of layoff, furlough, and COVID-19 …

ACA Reporting Deadlines Are Approaching

Affordable Care Act (ACA) reporting deadlines are approaching soon under Section 6055 and Section 6056 for the 2019 calendar year. Reporting entities must: File returns with the Internal Revenue System (IRS) by February 28, 2020 if filing on paper (or March 31, 2020 if filing electronically); and Furnish 2019 Forms …

House Votes to Repeal Cadillac Tax

On July 17, 2019, the House passed a bill that would repeal the currently inactive Cadillac tax. The tax is an unpopular provision of the ACA, which is scheduled to take effect in 2022. The Middle Class Health Benefits Tax Repeal Act of 2019 would repeal the Cadillac tax before …