Medcom Blog

ACA: Testing Your Knowledge Part III

ACA: Testing Your Knowledge Part III

ACA Testing your knowledge is back, and we have several tough scenarios to dissect. Last week, Michelle Barki presented the latest ACA Testing Your Knowledge webinar and posed several questions that left viewers, and Medcom team members, scratching our heads.

Scenario #1: New Payroll Vendor & No Reporting Solution

A new client calls and states they do not have a reporting solution in place for 2022 reporting on the 2021 tax year. They recently changed payroll vendors and realized their new vendor does not offer ACA reporting.

What is the solution?

All employers should know the...

Read More
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...

Read More
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...

Read More
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...

Read More

Stay Connected