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ACA Affordability Percentage Decreased Significantly for 2023

Compliance Now

One of the most well-known components of the Affordable Care Act (ACA) is that it requires applicable large employers (ALEs) to either offer affordable, minimum value medical benefits to their full-time employees or pay tax penalties. The ACA defined a plan as being affordable if the lowest-cost, employee-only option costs less than 9.5%

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ACA benchmark premiums rise 3.4% for 2023 as rate of new insurers slowed: study

Fierce Healthcare

ACA benchmark premiums rise 3.4% for 2023 as rate of new insurers slowed: study rking Mon, 04/03/2023 - 15:26

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UnitedHealthcare latest payer to expand ACA reach with 4 new states for 2023

Healthcare Dive

The payer has been steadily ratcheting up its presence on the Affordable Care Act exchanges after dramatically reducing its footprint in 2017.

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ACA Affordability Percentage Drops to a New Low for 2024

Compliance Now

By: David Mordo, Senior Compliance Consultant, MZQ Consulting The IRS recently released Revenue Procedure 2023-29 , which declared that the Affordable Care Act (ACA) benchmark for determining the affordability of employer-sponsored health coverage will significantly decrease to 8.39% of an employee’s household income for the 2024 plan year.

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ACA marketplace premiums poised to jump

Healthcare Dive

Health insurers' preliminary filings with state regulators point to a 10% median bump in rates for enrollees in 2023, according to the Kaiser Family Foundation.

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Electronic Filing Threshold Reduced in Draft 2023 Form 1094 and 1095 Instructions

Compliance Now

By Megan Diehl, director of compliance consulting, MZQ Consulting The Internal Revenue Service (IRS) recently released draft instructions for preparing, distributing, and filing 2023 Forms 1094-B/C and 1095-B/C. This year, employers could mail their Forms 1094 and 1095 to the IRS if their submission included fewer than 250 forms.

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Judge blocks feds from enforcing ACA's preventive care coverage mandates

Fierce Healthcare

Judge blocks feds from enforcing ACA's preventive care coverage mandates pminemyer Thu, 03/30/2023 - 13:49

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