Politics and Policy
The U.S. House of Representatives passed an amended version of the Restoring Americans’ Healthcare Freedom Reconciliation Act (H.R. 3762) Jan. 6, which would repeal several, job-killing provisions in the Affordable Care Act. The same version of the bill passed the Senate 52-47 in Dec. 2015.
Effective Jan. 1, 2016, under the employer mandate provisions of the Affordable Care Act (ACA), employers with 50-99 full-time employees and full-time equivalent employees (applicable large employers) must offer full-time employees (and dependents) minimum essential coverage that is affordable and provides minimum value or be subject to heavy penalties. Note: effective for the 2015 calendar year, such employers are subject to reporting requirements (refer to Reporting Requirements section below).
Are you in compliance with the Affordable Care Act (ACA) reporting requirements? To learn about the reporting requirements and important upcoming deadlines, a webinar presented by ABC’s general counsel, Littler Mendelson is available for ABC members to view, which can be found. A login is required to view the webinar titled “Compliance Alert—Learn About the Affordable Care Act’s New Reporting Requirements for 2015” and a PowerPoint is also available.
President Obama Nov. 2 signed into law the Bipartisan Budget Act of 2015 (H.R. 1314), which suspended the application of the debt limit until March 2017 and ensured that the United States would meet its financial obligations. The deal was approved by a bi-partisan group of legislators the Unites States Senate Oct. 30 and the House of Representatives on Oct. 28.
President Obama signed into law an ABC-supported, bipartisan change to the Affordable Care Act (ACA) the evening of Oct. 7. The bill signed into law, the Protecting Affordable Coverage for Employees (PACE) Act (H.R. 1624/ S. 1099), will remove the ACA requirement that mandates states to expand the small group definition. As a member of the 50-100 Coalition, ABC urged Congress to pass the PACE Act in letters to the leadership of the U.S. House of Representatives and U.S. Senate as well as to individual members of Congress.
In conjunction with 17 other employer organizations, ABC sent a letter to the Department of Health and Human Services (HHS) urging them to issue a two-year delay until 2018 of the expansion of the small group market definition in the Affordable Care Act (ACA). Under the ACA, the small group market definition is expanded to include employers with 51-100 employees, which is effective in 2016.
On Feb. 13, Rep. Charles Boustany (R-La.) and Rep. Kyrsten Sinema (D-Ariz.) introduced the Jobs and Premium Protection Act (H.R. 928), which would fully repeal the health insurance tax (HIT) provision in the Affordable Care Act (ACA). The ABC-supported coalition, Stop the HIT, sent a letter commending Boustany and Sinema for coming together to repeal the burdensome tax.
Important Affordable Care Act (ACA) implementation and enforcement deadlines—such as for the employer mandate ("pay or play") and information reporting requirements—are approaching quickly. Make sure you are prepared by taking advantage of the resources ABC is offering, including a recent webinar on how these complex ACA requirements could impact your company in 2015.
On March 10, the Department of Treasury and the Internal Revenue Service (IRS) issued final rules on information reporting by applicable large employers on health insurance coverage offered under employer-sponsored plans and information reporting of minimum essential coverage. The final regulations relate to the Affordable Care Act’s (ACA) employer and insurer information reporting requirements under Internal Revenue Code sections 6055 and 6056.
The Department of Treasury (Treasury) and the Internal Revenue Service (IRS) Feb. 10 issued a final rule implementing the employer mandate provisions included in the Affordable Care Act (ACA). The final rule makes some changes to the proposed rule issued in December 2012, including phasing in provisions for businesses with 50 to 99 full-time employees and those that offer coverage to most but not yet all of their full-time workers. Generally, ACA mandates that employers with 50 or more full-time equivalent employees offer a certain level of health coverage or be subject to new taxes. A fact sheet issued by the Treasury provides an overview of the phase-in included in the fi