Purchased Coverage through the Health Insurance Marketplace?

New 1095-A Tax Form for Individuals Who Purchased Coverage through the Health Insurance Marketplace Under the Affordable Care Act (ACA), most U.S. citizens and legal non-citizens will be required to report on their 2014 federal income tax return whether members of their household had qualifying health insurance coverage (called “minimum […] Read more »

Employers: Three Health Care / ACA Compliance Q&A

Here are 3 great Q&A’s for ACA compliance We reimburse our management employees for their individual health insurance premiums via their paychecks. We add it on to their net payroll. Should we be taxing them on this amount or do we need to report it and they pay taxes on it […] Read more »

Affordable Care Act Questions? Open Enrollment 11-15-14

IRS Health Care Marketplace Subsidy Reconciliation The Affordable Care Act (ACA) … created health insurance subsidies in the form of premium tax credits and cost-sharing reductions to help eligible individuals and families purchase health insurance through the government-sponsored Health Insurance Marketplace (Marketplace). By reducing a taxpayer’s out-of-pocket premium costs, the […] Read more »