ACA

  • ACA Refresher for Employers: Affordable Coverage vs. Minimum Value Coverage

    Generally, employer provisions of the Affordable Care Act say that an Applicable Large Employer (or ALE) has to offer affordable minimum essential coverage that provides minimum value to full-time employees and their dependents, or potentially face a penalty payment to the Internal Revenue Service.

  • Supreme Court Upholds Federal Subsidies For The ACA

    By a vote of 6-3, the United States Supreme Court (SCOTUS) upheld the Patient Privacy and Affordable Care Act (ACA), ruling that the intent of the law was to ensure nationwide health care coverage.  In doing so, the Court rejected the legal challenge to the law based on the wording of one section related to…

  • ACA Basics – The Alternative Marriage Calculation for Newlyweds

    Newlyweds in 2014 who received advance premium tax credit payments should take note of the Alternative Marriage Calculation on Form 8962 – Premium Tax Credit.  The alternative calculation could allow the newly married couple to reduce any excess advance premium tax credit (APTC) repayments.  The Alternative Marriage Calculation may be available to taxpayers who:  are…

  • ACA Basics – The Health Insurance Marketplace

    The Health Insurance Marketplace – also known as the Health Insurance Exchange – is the place where people without health care insurance can find information about health insurance options and also purchase health care insurance. Information can also be found regarding eligibility for help with paying premiums and reducing out-of-pocket costs. In addition to the…

  • IRS Releases Final Rule on Net Investment Income Tax Under the ACA

    The IRS has released final regulations under section 1411 of the Internal Revenue Code to provide guidance on the general application of the Net Investment Income Tax and the computation of Net Investment Income. The regulations affect individuals, estates, and trusts whose incomes meet certain income thresholds.  The tax does not apply to a nonresident…

  • Report: IRS Develops ACA Health Care Premium Tax Credit System

    The Internal Revenue Service (IRS) has completed development and testing of software to calculate the Advanced Premium Tax Credit and the Remainder Benchmark Household Contribution (RBHC) which is the household’s contribution towards the monthly insurance premium.  In a report on the system, the Treasury Inspector General for Tax Administration (TIGTA) concludes that the IRS now…