By the narrowest of margins, House Republicans approved an amended version of the American Health Care Act (AHCA) on May 4 (the bill needed 216 votes to pass; it won 217). Although the measure now faces long odds – if not a major overhaul – to get through the Senate, employers and invested HR/benefits professionals should know six things about AHCA as it gets one step closer to the president’s desk.
Recent news in the last several weeks had been focused on the questions surrounding the American Healthcare Act (AHCA): Will it get enough votes to pass? Is it a sufficient departure from ACA? How will it be funded? What is the burden to employers in reporting and cost requirements? However, the White House and House Speaker Paul Ryan (R-Wis.) decided to withdraw AHCA from going to a House floor vote. With that, employers can go back to giving ACA their full compliance attention for the time being. So, here are two important facts employers need now:
Last week – just as we were packing our bags for Vision San Francisco – House Republicans released their plans to repeal/replace the Affordable Care Act (ACA). The proposed legislation, announced March 6, doesn’t technically repeal or replace ACA in its entirety, but instead uses a congressional process called budget reconciliation to roll back ACA’s major taxes, penalties, and funding streams. These separate measures are on parallel tracks through two large House committees under the umbrella name of the American Health Care Act (AHCA). Progress is moving quickly; House Speaker Paul Ryan (R-Wis.) says he wants to have bills ready for the president’s signature before lawmakers head home for the Easter recess in April.
It’s not often you can say “good news” and “IRS” in the same breath, so I’m thrilled to take the rare opportunity to do just that: Please join me in celebrating the good news that Angel Hower, our ACA Product Lead, has been named to the IRS Tax Payer Advocacy Panel (TAP).
Since President Trump took office, there has been a lot of conversation about the possible repeal of the Affordable Care Act (ACA). The president’s executive order on January 20, which directed the Secretary of Health and Human Services to lessen the law’s economic burden, sent the dialogue into overdrive.
It has been an eventful week for our country as we said goodbye to the Obama family and welcomed President Trump into office. With the transition to a new administration comes apprehension of what changes are on the horizon. This is especially true for HR and benefits professionals who will be directly affected by any actions related to the Affordable Care Act (ACA).
Our recent webinar, “Compliance Countdown: 5 ACA Tips So You Don’t Drop the Ball in 2017,” featured three expert speakers offering key strategies to help employers hit ACA compliance deadlines with confidence – and with their sanity still intact!
“It ain’t time to worry yet.” This famous line from one of my favorite books, To Kill a Mockingbird, is relevant to so many situations in life and applies to where we benefits professionals find ourselves in the aftermath of the presidential election. After seeing the election results, many – myself included – wondered breathlessly, “What happens to ACA?!”
It’s not often that you hear “good news” in the same sentence as the Affordable Care Act, but lo and behold, recent news from the IRS made this a reality for those experiencing TIN (Tax Identification Number) validation failures when transmitting 1095-C data.
National Small Business Appreciation Week (NSBAW) is an opportunity for us to celebrate and salute the contributions of small businesses across the country. This week is particularly meaningful to me because Businessolver started nearly two decades ago as a small business.