Category: Health News

Get to Know the Health Care Law’s Employer Shared Responsibility Payment

Under the Affordable Care Act, applicable large employers – those with 50 or more full-time employees, including full-time equivalent employees – are required to take some new actions. To prepare for 2016, if your organization is an ALE, you need to track information each month in 2015, including: • Whether you offered full-time employees and […]

The Health Care Law and Employers: The ACA Basics for Applicable Large Employers

Some of the provisions of the Affordable Care Act only affect your organization if it’s an applicable large employer. An applicable large employer is generally one with 50 or more full-time employees, including full-time equivalent employees. • Applicable large employers have annual reporting responsibilities; you will need to provide the IRS and employees information returns […]

Health Care Law and Taxes – More Time to File

Most taxpayers will simply check a box on their return to indicate that everyone listed on the front of the return has qualifying health care coverage for the entire year and may not need more time to file. However, people who haven’t finished filling out their return can get an automatic six-month extension. The fastest […]

Find Out More About Health Coverage Exemption Based on Income

The individual shared responsibility provision requires you and each member of your family to have basic health insurance coverage, qualify for an exemption, or make an individual shared responsibility payment when you file your federal income tax return. If you are not required to file a federal income tax return for a year because your […]

What Kind of Health Insurance Qualifies as Minimum Essential Coverage?

The individual shared responsibility provision requires you and each member of your family to have basic health insurance coverage – also known as minimum essential coverage – qualify for an exemption, or make an individual shared responsibility payment when you file your federal income tax return. Many people already have minimum essential coverage and do […]

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