Healthcare Compliance Inc: November 2016

Monday, 21 November 2016

Due Date for Furnishing ACA Statements Extended to March 2, 2017

On Nov. 18, 2016, the Internal Revenue Service issued Notice 2016-70, which provides certain extensions related to Affordable Care Act reporting for 2016. Specifically, this notice:

• Extends the due date for furnishing forms to individuals under Sections 6055 and 6056 from Jan. 31, 2017, to March 2, 2017
• Extends good-faith transition relief from penalties related to 2016 information reporting under Sections 6055 and 6056

The due dates for filing forms with the IRS for 2016 are not affected by this guidance. The due date for filing with the IRS under Sections 6055 and 6056 remains Feb. 28, 2017 (March 31, 2017, if filing electronically).

Despite the delay, employers and other coverage providers are encouraged to furnish 2016 statements to individuals as soon as they are able.

Broker Briefcase users see our document “2016 Furnishing Deadline for ACA Reporting Delayed.”

The post Due Date for Furnishing ACA Statements Extended to March 2, 2017 appeared first on ACA Reporting Service | Obamacare Compliance | Health Care Compliance Inc..

source https://healthcare-compliance-inc.com/due-date-furnishing-aca-statements-extended-march-2-2017/

Friday, 18 November 2016

Covered California and the future of Obamacare

Whether or not the Affordable Care Act can live up to its name is a bit of an open question.

The worst-case scenario is clear: On the campaign trail, Trump promised to repeal and replace the Affordable Care Act, President Barack Obama’s signature health care law that has insured 20 million Americans who had lacked health coverage.

Trump back-pedaled a bit last week, saying he would keep two key provisions of the law: allowing children to remain on their parents’ health care plans until age 26, and preventing insurers from denying coverage to Americans with pre-existing conditions.

Discussion of the Affordable Care Act often incites fear, confusion, and anger in people both for and against its passage.

Wednesday, 9 November 2016

White House forges on with ObamaCare signup

The Affordable Care Act is working to make health care more affordable, accessible and of a higher quality, for families, seniors, businesses, and taxpayers alike.

The White House is urging people to sign up for coverage through ObamaCare, hours after the Republican electoral sweep that likely dooms the healthcare law’s future.

Spokesman Josh Earnest said Wednesday the Obama administration remains committed to its enrollment drive, which opened Nov. 1.

In every community across the country, the Affordable Care Act is working to increase access to affordable, quality health care.