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Navigating the Complexities of the Affordable Care Act

Navigating the Complexities of the Affordable Care Act

On Tuesday, our senior legal counsel, Michelle Barki, laid out some tough situations related to the Affordable Care Act (ACA). We understand there is a lot of confusion around the ACA, and we’re here to help! Below we’ve listed a few situations each followed by guidance from our senior legal counsel.

Your clients are using the Federal Poverty Safe Harbor and have never had to pay a 4980H(b) penalty, but they pay a lot in premiums. Now, they want to go to the W-2 Method and pass more of the cost of...

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New IRS Guidance on ACA Reporting

New IRS Guidance on ACA Reporting

Earlier this week, Medcom hosted a webinar with our Senior Legal Counsel, Michelle Barki. During the presentation, Michelle discussed a couple of things that signal major potential changes ahead for Affordable Care Act reporting. If you'd like to view the recording, register using this link. But we are also here to share a summary of Michelle's main points.

Safe Harbors - Little Faith in ALE Coding

As some of us know, Applicable Large Employers (companies with 50 or more team members) have two tax obligations under the IRS rules for the ACA. If ALEs...

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ACA: Testing Your Knowledge

ACA: Testing Your Knowledge

Did you know the Affordable Care Act was signed into law in 2010!? That’s right, ACA legislation has been in effect for 12 years. However, most of the significant provisions came later in 2014, prompting the establishment of Medcom’s ACA Solutions department in 2015.

A lot has happened since 2010, but certain areas still confuse employers and brokers. For example, ACA employee tracking, compiling data, offering affordable coverage, and filing with the IRS have many of us scratching our heads each year.

Our Senior Legal Counsel, Michelle Barki, put together a brief quiz to help test...

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ACA Filing & Furnishing: Avoiding a Disaster

ACA Filing & Furnishing: Avoiding a Disaster

The IRS' Mission Statement states, "Provide America's taxpayers top-quality service by helping them understand and meet their tax responsibilities and enforce the law with integrity and fairness to all."

Sounds pretty business-like and unwavering to us. Ultimately, the IRS's role is to help compliant taxpayers with tax law and ensure those who are unwilling to comply pay their fair share. This responsibility doesn't only apply to individuals but to businesses and corporations as well. Applicable Large Employers (ALEs) have an obligation under tax law, and if they fail to meet the requirements, they will...

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