ACA Times

IRS Backlog Expected to Clear By End of 2022

ACA Times

The IRS has made significant progress in the historic backlog it’s still facing, but it still has a long way to go. Chief IRS Commissioner Charles Rettig anticipates clearing the backlog by the end of this year.

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ACA Penalties Are Increasing in 2022

ACA Times

The IRS penalty amounts for non-compliance of the ACA’s Employer Mandate are again increasing in 2022. . Below is a rundown of the new penalty amounts and how the IRS will assess them. . 4980H(a) Penalty. For the 2022 tax year, the 4980H(a) penalty amount is $229.17

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New PTC Data is Cause For Concern For Employers

ACA Times

Employers should review their ACA compliance processes carefully in light of new data issued by the Kaiser Family Foundation (KFF). Below we’ve identified why. Key PTC findings. Health exchange enrollees claimed an estimated total of 9.7

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ACA PCORI Fees Increasing in 2022

ACA Times

Earlier this month the IRS issued a notice indicating that the fees associated with Patient-Centered Outcomes Research Institute (PCORI) are increasing this year. For plans that end on or after October 1, 2021, and before October 1, 2022, the PCORI rate per covered individual is $2.79.

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How to Optimize Your Modern Patient Engagement

Speaker: Prof. Dina Ziadlou, Ph.D., Chair of Digital Transformation Leadership at International Society for Telemedicine and e-Health

As our healthcare ecosystem is a patient-centric system toward achieving quality care domains, it is essential to reshape our client empowerment and engagement strategies based on digital transformation to maximize the effectiveness of healthcare outcomes.

ACA Signups for Open Enrollment Hit Record Highs

ACA Times

Open enrollment for the 2022 plan year ends later this week but ACA signups are already hitting record new highs. Kaiser Health News cites a record-breaking 13.6 million Americans already signed up for 2022 coverage through an ACA marketplace exchange. The closest number of total signups was 12.7

Remember, No Good Faith Transition Relief This Year

ACA Times

With the New Year just a few short weeks out, employers should remember that 2020 was the final year for Good Faith Transition Relief. That means filing late or inaccurate ACA information this year could cost you an IRS penalty — no exceptions.

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2022 ACA Deadlines To Avoid IRS Penalties

ACA Times

Employers preparing for a smooth 2021 filing season should keep in mind the important ACA deadlines to avoid IRS penalties. Every year, Applicable Large Employers (ALES) must file and furnish their ACA information to the IRS as required by the ACA’s Employer Mandate.

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IRS Proposed Ruling Could Change ACA Affordability

ACA Times

Last month the IRS published a proposed regulation that would amend the existing rule regarding employer-sponsored Minimum Essential Coverage (MEC) for family members of an employee. .

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How Build Back Back Better Would Reshape U.S. Healthcare

ACA Times

With the Infrastructure Bill now officially signed into law, Congress will now shift its focus onto the $1.75 trillion Build Back Better proposal. In its current version, the plan could reshape U.S. healthcare and the ACA.

2022 Guide to Improved Patient Outcomes: AI-Powered Remote Monitoring and Increasing Revenue for Your Practice

Speaker: Mintu Turakhia M.D. M.A.S., Consulting Head of Medical, 100Plus | Mike Wurm, Director of Product and Strategy, 100Plus | Daniel Gasparini, Director of Sales | Nadia Ziyadeh-Hammad, LVN, RPM Coordinator, Greenville Healthcare Associates

2022 brings new healthcare challenges. With the rising need for remote patient monitoring (RPM) and new COVID-19 variants increasing that need, 100Plus continues to reduce patient, clinician, and health care system barriers to RPM use.

Have a Handle on ACA Compliance? Let ACA Vitals Decide

ACA Times

ACA reporting is heading into its seventh year, yet, many organizations still face significant obstacles to meeting the requirements of the ACA’s Employer Mandate.

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ACA Enrollment Reaches 35 Million Signups

ACA Times

Following the 2021 tax year, the ACA has garnered the highest number of enrollments it has ever seen. Over 35 million Americans have obtained health coverage because of the ACA, according to a report issued by the Department of Health and Human Services (HHS).

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ACA Looks Strong Heading into 2022 Open Enrollment

ACA Times

The ACA is receiving some of the highest approval ratings since it was first signed into law in 2010. According to a June poll from the Kaiser Family Foundation (KFF) , 53% of American adults are in favor of the ACA and only 35% find the law unfavorable.

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ACA Penalty Letter 226J on The Rise

ACA Times

The last several years have been difficult for the IRS, but now that the historic backlog has an end date , the agency is making significant progress on a long list of to-do items, including issuing ACA penalties.

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Remote Patient Monitoring Powered by AI Leads to Improved Health Metrics for Senior Patients

Remote Patient Monitoring provides measurable improvements in patient health outcomes across treated conditions, including hypertension, obesity, and diabetes. These quantitative patient outcomes provide credible data on patient progression and practitioner performance.

IRS Releases Further Guidance on COBRA Continuation Coverage

ACA Times

The IRS recently issued a notice that further clarifies the usage of Consolidated Omnibus Budget Reconciliation Act (COBRA) coverage as amended via the American Rescue Plan (ARP).

Health Carriers Are Benefiting From The ACA

ACA Times

Several health carriers are experiencing growth because of the recent Affordable Care Act advancements. Most notably is CVS Health Corp. and its affiliated health insurance business, Aetna.

CMS Proposed Rule to Provide Greater Access to ACA Coverage

ACA Times

The Biden administration is yet again making strides to bolster the Affordable Care Act. This time, it’s through a proposed rule that aims to strengthen the ACA’s federal and state health exchanges.

IRS Affordability Safe Harbors Help Avoid ACA Penalties

ACA Times

4 minute read: How exactly do employers prove to the IRS that the healthcare plans they are offering to their workforce are affordable under the Affordable Care Act ?

Playbook: Critical & Time-Sensitive Pharmaceutical Cold Chain Shipments Best Practices

In this playbook, we look at the role accurate, real-time data plays in extending your visibility, best practices for increasing your visibility.

5 Common ACA Compliance Mistakes Restaurants Make

ACA Times

Over 10 years after the ACA was first signed into law, the reporting requirements under the ACA’s Employer Mandate have proven challenging and time-consuming for most. But quick-service restaurants have it harder than others.

Get to Know the ACA’s Rule of Parity

ACA Times

3 minute read. Without the proper tools or subject matter expertise, tackling the responsibilities of the Affordable Care Act’s Employer Mandate on your own can be overwhelming. .

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IRS Limited Non-Assessment Periods Help Avoid ACA Penalties

ACA Times

4 minute read. The Employer Shared Responsibility Provisions (ESRP) under the Affordable Care Act may seem straightforward, but, in reality, complying with them can be challenging and time-consuming.

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How to Handle ACA Filing Corrections With the IRS

ACA Times

3 minute read: If you found yourself in a situation where you received receipt of your ACA information returns for 2020 with a status of “Accepted with Errors,” you’re not alone and you need to make filing corrections.

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How Real-Time Tracking of Shipments Supports the Distribution of Pharmaceuticals

This guide explores critical concepts that supply chain professionals need to know when it comes to tracking and analyzing cold chain shipments.

[UPDATE] What Employers Need to Know About the Employee Retention Credit

ACA Times

3 minute read: The latest IRS Notice 2021-23 provides additional rules on the Employee Retention Credit (ERC) with respect to quarter one and quarter two of the 2021 tax year. .

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ACA Affordability for the 2022 Tax Year

ACA Times

With the 2021 ACA reporting season coming to an end later this month, employers should turn their attention to ACA compliance for the 2022 tax year. A key component of that requires calculating ACA affordability. The ACA affordability threshold for the 2022 tax year is 9.61%.

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ACA Special Enrollment Period Garners 1 Million Signups

ACA Times

3 min read. President Biden’s special enrollment period has already generated 1 million additional signups on the federal ACA health exchange.

IRS Increasing Staff to Clear Backlog and Support Current Tax Season

ACA Times

On March 10, the Treasury issued a statement announcing that the IRS will be hiring more than 10,000 positions to assist with its current backlog and the 2021 filing season.

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5 Critical Challenges Facing Pharmaceutical Supply Chains

In this article, produced in partnership with Connected Health Pulse, we explore five critical challenges in pharmaceutical supply chains caused by a lack of visibility.

How The Raise the Wage Act Could Impact ACA Compliance

ACA Times

3 minute read: The Congressional Budget Office (CBO) issued a report last month that outlines the budgetary effects on American employment if the Raise the Wage Act of 2021 is enacted.

The ACA’s Future Hangs in the Balance

ACA Times

3 min read. The Supreme Court case in which the Justices consider whether the Affordable Care Act is unconstitutional without the Individual Mandate will see a judicial decision any day now. .

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ACA Open Enrollment Reaches Record-Breaking 14.5 Million

ACA Times

Over 14.5 million Americans elected to receive health coverage through one of the ACA’s insurance marketplaces during the 2022 open enrollment period. The record-breaking participation is 21% higher than the signups for the 2021 open enrollment. Of the 14.5 million, 5.8

Taxpayers (Including Employers) Have the Right to the Challenge IRS

ACA Times

3 minute read: The IRS has a Taxpayer Bill of Rights, which includes a section stating every taxpayer’s “right to challenge the IRS’s position and be heard.” These fundamental rights apply to all taxpayers, including employers, even during the COVID-19 pandemic. .

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The Digital Logistics Provider: Delivering a New Level of Service in the Age of IoT

In response to the growing complexity of the modern global supply chain, logistics service providers are embracing digital supply chain solutions powered by new IoT tracking technologies and data analytics.

California Individual Mandate Final Regulations Have Been Updated

ACA Times

3 minute read: The California Franchise Tax Board (FTB) has released detailed information pertaining to the state’s Individual Mandate as the furnishing deadline for self-insured employers draws near. The details apply to special rules regarding dependents, penalty exemptions, and gaps in coverage.

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Don’t Forget The New 1095-C Codes Specific to The 2020 Tax Year

ACA Times

2 minute read: Every year Applicable Large Employers (“ALEs”) must file Forms 1094-C and 1095-C with the IRS and furnish Forms 1095-C to employees considered full-time under the Affordable Care Act (“ACA”).

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ACA Improvements to Expect from the Biden Administration

ACA Times

3 minute read: The inauguration welcoming president-elect Joe Biden to the White House is imminent and with the recent shift in majority control of the Senate, we can expect a number of advancements to the Affordable Care Act to follow.

ACA Paper Filing Deadline Is Next Week

ACA Times

This coming Monday, February 28, is the deadline for paper filing ACA Forms 1094-C and 1095-C to the IRS for the 2021 tax year. As a reminder, Applicable Large Employers (ALEs) with fewer than 250 1095-C forms can opt for the paper filing option for satisfying their ACA reporting requirements.

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Real-Time Trackers: A Welcome Labor Solution for Logistics

This playbook explains how the right information, accessed at the right time, can help businesses across the industry work smarter (rather than harder), all while overcoming labor challenges.