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Archive for the “News Updates” Category

IMPORTANT DATES
April 14, 2017
The IRS issued letters clarifying the executive order’s impact on the ACA’s employer mandate.
June 20, 2017
The IRS issued a letter clarifying the executive order’s impact on the ACA’s individual mandate.

 
OVERVIEW
The Internal Revenue Service (IRS) Office of Chief Counsel has recently issued several …

IMPORTANT DATES

January 31, 2018
Individual statements for 2017 must be furnished by Jan. 31, 2018.
February 28, 2018
IRS returns for 2017 must be filed by Feb. 28, 2018 (April 2, 2018, if filed electronically, since March 31, 2018, is a Sunday).

On July 28, 2017, the Internal Revenue Service (IRS) released …

IMPORTANT DATES: ACA REPEAL
July 25, 2017
Senate Republicans voted to open up ACA repeal legislation for debate and amendments.
July 28, 2017
The Senate rejected a skinny repeal bill, effectively ending the debate.

OVERVIEW
In the early morning hours of July 28, 2017, members of the U.S. Senate voted 49-51 to reject …

IMPORTANT DATES
May 4, 2017

House Republicans passed the AHCA
July 25, 2017
Senate Republicans voted to open up the AHCA for debate and amendments
August 11, 2017
The Senate will remain in session through Aug. 11, 2017

OVERVIEW
On July 25, 2017, members of the U.S. Senate voted 50-50 to open up …

IMPORTANT DATES
June 22, 2017
Senate Republicans issued the BCRA.
July 13, 2017
Senate Republicans released an amended version of the BCRA.
July 18, 2017
Senate Republicans put off a vote on the BCRA in favor of a new approach.

OVERVIEW
Republicans in the U.S. Senate announced on July 18, 2017, that they are …

 Highlights

Senate Republicans released their ACA replacement legislation, called the Better Care Reconciliation Act. The Senate bill closely mirrors the House proposal—the American Health Care Act—including by:

Enhancing HSAs;
Repealing the employer and
individual mandates; and
Preserving some ACA protections.

OVERVIEW
On June 22, 2017, Republicans in the U.S. Senate …

ACA Reforms Highlights

Even if the ACA’s employer mandate is repealed, the following ACA reforms will likely continue to impact plan eligibility rules:

Restrictions on waiting periods;
Dependent coverage to age 26; and
Prohibition on rescissions of coverage.

Overview
The Affordable Care Act (ACA) requires applicable large employers (ALEs) to offer …

IMPORTANT DATES
May 2, 2017
The House of Representatives approved H.R. 1180 and sent it to the Senate for review.

OVERVIEW
On May 2, 2017, the House of Representatives passed the Working Families Flexibility Act (also known as H.R. 1180). If approved, H.R. 1180 would authorize private employers to offer compensatory time instead …

IMPORTANT DATES

January 1, 2018
The new contribution limits for HSAs become effective.
2018 Plan Years
The HDHP cost-sharing limits for 2018 apply for plan years beginning on or after Jan. 1, 2018.

OVERVIEW
On May 5, 2017, the Internal Revenue Service (IRS) released Revenue Procedure 2017-37 to announce the inflation-adjusted limits for …

IMPORTANT DATES
March 23, 2017
A House vote was scheduled to take place, but House Republicans canceled the vote and pulled the legislation.
May 4, 2017
House Republicans passed the AHCA on a party-line vote.

OVERVIEW
On May 4, 2017, members of the U.S. House of Representatives voted 217-213 to pass the American Health …

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