IRS Significantly Decreases 2024 ACA Affordability to 8.39%
The Internal Revenue Service (IRS) recently released Revenue Procedure 2023-29, reducing the...
Pay or Play Affordability Percentage Will Decrease for 2024
On Aug. 23, 2023, the IRS issued Revenue Procedure 2023-29 to index the contribution percentage...
ACA Information Reporting Penalties Increased for Returns Filed in 2024
IRS Revenue Procedure 2022-38 includes updated penalty amounts that may apply to reporting...
Draft Forms for 2023 ACA Reporting Released
The IRS has released draft 2023 forms for reporting under Internal Revenue Code Sections 6055 and...
New FAQs on ACA’s Cost-sharing Limit and No Surprises Act
On July 7, 2023, the Departments of Labor, Health and Human Services, and the Treasury...
ACA Reporting: Most Employers Must File Electronically Beginning in 2024
The Affordable Care Act (ACA) created reporting requirements under Internal Revenue Code (Code)...
New FAQs Provide Guidance on Preventive Care Following Braidwood Decision
On April 13, 2023, the Departments of Labor, Health and Human Services, and the Treasury...
Federal Judge in Texas Strikes Down Key ACA Provision Regarding Preventive Care Services
On March 30, 2023, the U.S. District Court in the Northern District of Texas (Court) issued a...
ACA Pay or Play Penalties Will Increase for 2024
On March 9, 2023, the IRS released updated penalty amounts for 2024 related to the employer...
IRS Grants Permanent 30-Day Extension to Providing Individual ACA Statements
‘Tis the season for applicable large employers (ALEs) to scramble to meet their Affordable...
Submission Grace Period Issued for Prescription Drug Reporting
The transparency provisions of the No Surprises Act require group health plans and health...
