ACA Tag

Post Summary for the Week of July 18th - July 24th | Human Resources DOL Releases More Q&As On Workplace Laws And Coronavirus NLRB Changes Rules For Abusive Conduct By Employees States Update Employee Leave Requirements For Coronavirus HR Toolkit – Recruiting And Retaining Generation Z | Employee Benefits Court Upholds Rule Expanding Short-Term, Limited Duration...

On July 21, 2020, the IRS issued Revenue Procedure 2020-36 to index the contribution percentages in 2021 for determining affordability of an employer’s plan under the Affordable Care Act (ACA).

For plan years beginning in 2021, employer-sponsored coverage will be considered affordable if the employee’s required contribution for self-only coverage does not exceed:
  • 9.83% of the employee’s household income for the year, for purposes of both the pay or play rules and premium tax credit eligibility; and
  • 8.27% of the employee’s household income for the year, for purposes of an individual mandate exemption (adjusted under separate guidance). Although this penalty was reduced to zero in 2019, some individuals may need to claim an exemption for other purposes.

Post Summary for the Week of July 11th - July 17th | Human Resources 5 Ways COVID-19 Is Reshaping HR Remote Onboarding Checklist The Heart And Mind Connection DOL Issues RFI On Paid Family And Medical Leave DOL Seeks Public Input On FMLA Regulations | Employee Benefits Some Draft Forms For 2020 ACA Reporting Released | Risk Management FMCSA Notice:...

On July 13, 2020, the Internal Revenue Service (IRS) released draft 2020 forms for reporting under Internal Revenue Code (Code) Section 6056.

2020 draft Forms 1094-C and 1095-C are draft versions of forms that will be used by applicable large employers (ALEs) to report under Section 6056, as well as for combined Section 6055 and 6056 reporting by ALEs who sponsor self-insured plans. Draft instructions for Forms 1094-C and 1095-C have not yet been released.

News Brief headerLate on June 25, 2020, President Donald Trump’s administration asked the Supreme Court to strike down the Affordable Care Act (ACA). If successful, such action would eliminate health coverage for up to 23 million Americans.

The administration’s argument hinges on Congress’ decision in 2017 to remove the individual mandate, the tax penalty for not purchasing insurance.

Post Summary for the Week of March 28th - April 3rd.   Human Resources Department of Labor updates DOL Issues Regulations For FFCRA Paid Leave FFCRA - Families First Coronavirus Response Act FFCRA Information And Multiple Resources Managing your business and staff Answers For Employers On COVID-19 Small Business Guidance & Loan Resources –...

The Affordable Care Act (ACA) requires applicable large employers (ALEs) to offer affordable, minimum value health coverage to their full-time employees or possibly pay a penalty. This employer mandate is also known as the “employer shared responsibility” or “pay or play” rules.   ALEs can use one...