Healthcare Compliance Inc

Friday, 20 October 2017

ACA Large Group Compliance | HCI Introduces New ACA Compliance Software

Healthcare Compliance Inc. Introduces Our New and Improved ACA Compliance Software

New Clients Receive $500 off 2017 IRS Forms 1094 & 1095 (click here for details)

Standard Compliance Services for Large Group Health Plans

> 2017 IRS Forms 1094 & 1095 Full Service Package ($500 Off)
> Eligibility & Reporting Services – MONTHLY requirement of the ACA
> 2017 IRS Forms 1094 & 1095 – ANNUAL requirement of the ACA
> ACA & ERISA Documentation & Forms – REQUIRED by LAW
> IRS/DOL Audit Prevention Services – IRS now targeting companies for Audits

Call HCI 800-325-1333

The post ACA Large Group Compliance | HCI Introduces New ACA Compliance Software appeared first on ACA Reporting Service | Obamacare Compliance | Health Care Compliance Inc..

source https://healthcare-compliance-inc.com/aca-large-group-compliance-hci-introduces-new-aca-compliance-software/

Tuesday, 19 September 2017

IRS Continues to Enforce the Affordable Care Act

In the wake of Congress being unable to pass ACA repeal and replace legislation, a bipartisan effort seems to be growing around improving the ACA. Indeed, a majority of Americans want to see Congress take a bipartisan approach to addressing healthcare issues.

Among those Americans is a bipartisan group of liberal and conservative leaders in health policy are supporting the continued payment of all the federal subsidies provided under the ACA and to help Americans enroll in coverage. President Trump recently authorized the U.S. Department of Health and Human Services to make the next round of subsidy payments to the insurance companies providing health insurance through government exchanges.

Hearings are expected to be held by the U.S. Senate’s Health, Education, Labor and Pensions Committee in September to discuss bipartisan legislation for a one-year extension of the federal payments to insurers.

Tuesday, 29 August 2017

GOP leaders Make Another Attempt to Fix Obamacare

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

When Congress returns next month, some Senate Republicans plan to turn from yet another effort to repeal and replace the Affordable Care Act, nicknamed Obamacare, and make a bipartisan effort to fix some of the current system’s most pressing problems.

But the recent antagonistic exchanges between Majority Leader Mitch McConnell and President Donald Trump raise questions whether any such effort can succeed. Even if it gets the 60 votes needed to pass the Senate, it would need support from the more repeal-friendly House and the president’s signature.

Unfortunately, despite some bipartisan stirrings in the House, Speaker Paul Ryan so far opposes action and the crowded congressional calendar complicates matters further. But some action is necessary.

Employer reactions to the Affordable Care Act often result in less than favorable outcomes for employees.

Wednesday, 23 August 2017

IRS CONFIRMS ACA MANDATE PENALTIES STILL EFFECTIVE

The Internal Revenue Service (IRS) Office of Chief Counsel has recently issued several information letters regarding the Affordable Care Act’s (ACA) individual and employer mandate penalties.

These letters clarify that:
– Employer shared responsibility penalties continue to apply for applicable large employers (ALEs) that fail to offer acceptable health coverage to their full-time employees (and dependents); and

– Individual mandate penalties continue to apply for individuals that do not obtain acceptable health coverage (if they do not qualify for an exemption).

These letters were issued in response to confusion over President Donald Trump’s executive order directing federal agencies to provide relief from the burdens of the ACA.

Download the full report

Obamacare Becoming Popular with Voters During Trump’s Presidency

The post IRS CONFIRMS ACA MANDATE PENALTIES STILL EFFECTIVE appeared first on ACA Reporting Service | Obamacare Compliance | Health Care Compliance Inc..

source https://healthcare-compliance-inc.com/irs-confirms-aca-mandate-penalties-still-effective/

Wednesday, 22 February 2017

Obamacare Becoming Popular with Voters During Trump’s Presidency

Understanding every aspect of ObamaCare can be daunting, but getting the gist isnt hard.

Obamacare is getting more popular with voters even as President Donald Trump moves to get rid of the landmark health-care law.

A total of 45 percent of registered voters say they approve of Obamacare, compared to 45 percent who oppose the law, a new Politico/Morning Consult poll finds.

Since early January — weeks before Trump moved into the White House — there has been a drop of seven percentage points among voters opposed to Obamacare.

Trump and fellow Republicans who hold control of Congress have said they want to repeal the ACA and replace it with new health-care legislation. The GOP says that Obamacare is a failed program that has led to increasing premiums and onerous out-of-pocket charges to many Americans.

ObamaCare can help decrease your deductible if you qualify for Cost Sharing Reduction subsidies on the Marketplace.

Tuesday, 21 February 2017

A Solution for the Affordable Care Act

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

Despite the political challenges, it’s very clear that the new administration and Congress are moving forward on their promise to repeal and replace the Affordable Care Act (ACA). This gives them a chance to fix the ACA’s weaknesses, while preserving and building on what it got right.

Guiding their reform should be the principles that healthcare should be accessible to every American, be high quality, and be affordable. Upholding all three principles means, first and foremost, enacting policies that better harness market competition. In countless industries from manufacturing to services to retail, market competition works, delivering more value to more people. But in healthcare, structural shortfalls of the market stifle choice and competition and drive up cost.

Policymakers should retain and improve the ACA’s existing health care exchanges as one option for access to health care plans. To foster competition and choice, they should open the exchanges to all individuals served in the “natural” healthcare market which could reach beyond state lines — not just the ACA’s strict state boundaries. As a result, many healthcare consumers would benefit from pricing unique to their respective area (consider the cost of doing business in New York City versus the state’s rural areas). This reform would change the status quo “cookie cutter” policy, in which only one exchange must serve an entire state but not exceed its boundaries, even into contiguous metropolitan areas.

Have questions regarding the Affordable Care Act often called ObamaCare?

Monday, 20 February 2017

Could California fund the Medi-Cal Expansion on its Own ?

Covered California is the only place where you can use new tax credits to help pay insurance premiums.

A repeal of the Affordable Care Act could jeopardize up to $140 million per year in federal funding that pays for the Medi-Cal expansion in Santa Barbara and San Luis Obispo counties, said Bob Freeman, who administers the program as the CEO of CenCal Health. Nearly one in three Santa Barbara County residents – and more than one in three statewide – are now enrolled in Medi-Cal, getting free or low-cost care.

Santa Barbara County has seen a 68 percent increase in all Medi-Cal enrollment over pre-reform levels, wildly exceeding expectations, said Maria Gardner, a deputy director of the county Department of Social Services.

Covered California, the marketplace for private insurance under the law, has some very high deductibles, and that is hard for patients, Ransohoff said. But, he said, it would be devastating to return to the days when people went bankrupt to pay their medical bills and faced ruined lives.

Covered California often requests document proofs from you to verify evidences like your income or citizenship.