IRS confirms ACA Mandate Penalties Still Effective

IRS confirms ACA Mandate Penalties Still Effective

The IRS Office of Chief Counsel has recently issued several information letters regarding the Affordable Care Act’s individual and employer mandate penalties. These letters clarify that:

Employer shared responsibility penalties continue to apply for applicable large employers (ALEs) that fail to offer acceptable health coverage to their full-time employees (and dependents); and
Individual mandate penalties continue to apply for individuals that do not obtain acceptable health coverage (if they do not qualify for an exemption).

These letters were issued in response to confusion over President Donald Trump’s executive order directing federal agencies to provide relief from the burdens of the ACA.

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Senate Rejects Efforts To Repeal The ACA

Senate Rejects Efforts To Repeal The ACA

In the early morning hours of July 28, 2017, members of the U.S. Senate voted 49-51 to reject a “skinny” version of a bill to repeal and replace the Affordable Care Act (ACA), called the Health Care Freedom Act (HCFA).
This was the final vote of the Senate’s 20-hour debate period, and effectively ends the Republicans’ current efforts to repeal and replace the ACA. However, the skinny repeal bill may be reintroduced at some point in the future.

 

IMPACT ON EMPLOYERS

Because the Senate was unable to pass any ACA repeal or replacement bill, the ACA remains current law, and employers must continue […] Read more