HHS Secretary: Upcoming Enrollment Efforts Are Pivotal for Affordable Care Act

Rate hikes are likely on the way for plans offered on online insurance exchanges, or marketplaces, created by the Patient Protection and Affordable Care Act (PACA), according to a report from Kaiser Health News (KHN). Consumers’ out-of-pocket costs are expected to climb, and some major insurers have already pulled out.

In a statement to the press, Health and Human Services Secretary Sylvia Burwell acknowledged that the PPACA’s fourth enrollment season, scheduled to begin on November 1 and run until January 31, is a pivotal time for President Obama’s signature domestic policy achievement.

Read more at Managed Care Magazine….

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source https://healthcare-compliance-inc.com/hhs-secretary-upcoming-enrollment-efforts-pivotal-affordable-care-act/

FINAL FORMS FOR ACA REPORTING RELEASED

The Internal Revenue Service (IRS) has released final 2016 forms for reporting under Internal Revenue Code (Code) Sections 6055 and 6056.

– Forms 1094-B and 1095-B are used by entities reporting under Section 6055, including self-insured plan sponsors that are not applicable large employers (ALEs). Final 2016 versions of these forms and final instructions were released on Sept. 26, 2016.

– Forms 1094-C and 1095-C are used by ALEs to report under Section 6056, as well as for combined Section 6055 and 6056 reporting by ALEs who sponsor self-insured plans. Final 2016 versions of these forms and final instructions were released on Sept. 30, 2016.

Minor changes were made to the forms, including the addition of two new “Offer of Coverage” codes for use on Form 1095-C.  The instructions also included some clarifications.

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The post FINAL FORMS FOR ACA REPORTING RELEASED appeared first on ACA Reporting Service | Obamacare Compliance | Health Care Compliance Inc..

source https://healthcare-compliance-inc.com/final-forms-aca-reporting-released/