4980H Penalties — What We Know Now

4980H Penalties – What We Know Now We mentioned in early November that the IRS had announced plans to start collecting 4980H employer penalties soon. The 226J Assessment Letters are the subject of a “Communication for Employers” that provides a good background on this subject and can be found on our Resources Page (IRS Letter 226J Read more about 4980H Penalties — What We Know Now[…]

Tax Bill with Benefit Changes Getting Closer

It’s not over yet, but it looks as if we could see significant tax legislation that includes benefit changes before the year ends. Before getting into substance, it’s useful to know a little about process. Both the House and the Senate have passed different tax bills. The differences must be resolved in a Conference Committee, which Read more about Tax Bill with Benefit Changes Getting Closer[…]

IRS Will Start Collecting §4980H Employer Penalties Very Soon

Mama Told Me There Would Be Days Like This Applicable Large Employers (ALEs) have been hoping that Congress, or the Trump administration, would make the ACA employer requirements go away. However, I have been warning our clients that we need to be prepared for the IRS to begin collecting employer payments for violation of the Read more about IRS Will Start Collecting §4980H Employer Penalties Very Soon[…]

Trump’s “Association Plan” Executive Order

President Trump signed an executive order today instructing regulatory agencies to draft rules permitting the creation of “association” health plans, and possibly expanding HRA rules. First of all, it is important to note that the executive order only instructs the regulatory agencies to develop rules—so nothing changes immediately. The process may take months, but don’t Read more about Trump’s “Association Plan” Executive Order[…]

All Done?

It looks like “Repeal and Replace” is not going to happen — at least not in the near term. On Tuesday of last week, Senate Republicans announced they would not hold a vote on the Graham-Cassidy bill, described in our September 21 post. This news came after Senator Susan Collins (R-Maine) announced her opposition to the bill. The deadline Read more about All Done?[…]

One Last Attempt to “Repeal and Replace”

The appropriate clichés are so numerous it’s hard to know which ones to pick. “Like a phoenix rising from the ashes,” “A Hail Mary pass,” “The reports of my death are greatly exaggerated,” “It’s not over until…” Well, you get the point. On September 13, 2017, Senate Republicans introduced a bill (referred to as the Read more about One Last Attempt to “Repeal and Replace”[…]

Senate HELP Committee Considers Changes

The Senate Health Education Labor & Pensions (HELP) Committee got back to work last week to consider next steps for health care. Senator Lamar Alexander (R-Tenn.), who chairs the HELP Committee, has indicated that he would like to craft a stabilization bill soon. Whether he can accomplish this remains to be seen. Last week’s hearings were Read more about Senate HELP Committee Considers Changes[…]

What Now?

What cliché’ should we use today? How about “Back to the Future”? Republican efforts to pass a broad ACA repeal bill appear to be dead for this year. After defections by two more Senators this week, Senate leadership admitted they do not have the votes to move forward. For employers, it’s back to concentrating on Read more about What Now?[…]