Special Post: ACA Penalty Letters –What to do?

Read your ACA Penalty Letter Carefully and Respond Immediately The Internal Revenue Service (IRS) has announced that it will begin mailing employers letters informing them of their potential liability (Employer Shared Responsibility Payment) for a “pay or play” penalty for the 2015 calendar year in late 2017.  Before any penalty is assessed and payment demanded, … Read more

The Affordable Care Act: What Employers Need To Know For 2018

ACA, ALEs, and MEC – Oh My! We’ve officially been in 2017’s fourth quarter for some time now. Besides all the end of year work that needs to be done, it’s time to start thinking about 2018 and what that means from a health insurance perspective. Jaime Zuder of Journey Employer Solutions presents Journey’s position … Read more

American Health Care Act of 2017

On May 4th, the House passed a bill that would replace the Affordable Care Act. The bill would eliminate the need for employers to calculate whether they had 50 or more full-time equivalent employees in a year and repeal most taxes under the law. Under this new bill, known as the American Health Care Act … Read more

Executive Order Allows Reduction of ACA Burdens

An executive order signed January 20th by President Donald Trump gave wide latitude to federal agencies and states by allowing them to minimize the economic and regulatory burdens of the Affordable Care Act. Under the order, agencies and states were allowed to waive, defer, offer exemptions or delay “the implementation of any provision or requirement … Read more

ACA Deadlines Pushed Back

The IRS has announced that the due dates for certain information reporting requirements for 2016 imposed by the Patient Protection and Affordable Care Act (ACA) are pushed back. This notice by the IRS specifically extends the due date for furnishing to individuals the 2016 Form 1095-B, Health Coverage, and Form 1095-C, Employer-Provided Health Insurance Offer … Read more

IRS Releases Final ACA Reporting Forms

You may feel like you’re just finishing up filing for 2015 but IRS reporting is just around the corner. If you would like TLC to track, report, and file all of the necessary ACA (Affordable Care Act) forms for your business, please email your payroll manager or admin@mytlcteam.com.   What You Need to Know The … Read more

Important ACA Update

Three days ago, on Dec. 28th, the IRS announced that they have extended the due dates for new health care information reporting forms in 2016. Insurers, self-insuring employers, other coverage providers, and applicable large employers now have additional time to provide health coverage information for 2015 to individual taxpayers and the IRS. Providers and certain … Read more

The Affordable Care Act Requirements

You’ve read over 50 articles about ACA. We hope this is your last one. The IRS has issued the 2015 forms and instructions that will be used to comply with the Affordable Care Act (ACA) reporting requirements. There are significant responsibilities and penalties and therefore TLC Employer Services (TLC) urges you to be fully prepared. … Read more

Reminders of ACA Changes Coming Up in 2016

Changes brought by the Affordable Care Act (ACA) continue to roll in. For affected employers, these changes could mean higher expenses and will add filing responsibilities with the IRS. Background: The ACA has a language of its own, with many new terms employers must learn. For example, “applicable large employer,” or ALE, is defined as … Read more

Ensure Your Departments Are in Sync to Comply with the ACA

Except for in very small companies, payroll, human resources and employee benefits are generally handled by separate offices. However, compliance with the Affordable Care Act (ACA) and the need to file certain forms may make it necessary for the three functions to cross over, to some degree. “Regardless of which department is ultimately tasked with … Read more