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IRS Grants Extension for 6055 and 6056 Reporting

by Eriksen Insurance | Jan 26, 2016 | Individual Health Insurance, Open Enrollment

According to United Healthcare, Broker Connection Special Edition: “On Dec. 28, 2015, the IRS announced that it is granting an automatic extension for the 2015 information returns required of insurers, employers and certain other providers of Minimum Essential...

Humana to Record 2016 Obamacare Shortfall, Membership Drops

by Eriksen Insurance | Jan 26, 2016 | Affordable Care Act, Health Insurance News, Individual Health Insurance

According to Bloomberg Business: “Humana Inc. is the latest insurer to run into trouble in Obamacare’s individual health-insurance markets. The health insurer said that it probably won’t collect enough money to cover costs for some customers who bought...

IRS Issues New Instructions for Obamacare

by Eriksen Insurance | Oct 3, 2014 | Insurance Reform

Health Insurance Exchange reports: “The Internal Revenue Service has issued new draft instructions, notices and a publication to help taxpayers and tax practitioners deal with the Affordable Care Act. The draft instructions were released last week for Form 8962,...

IRS Gears up for Impact of Health Care Reform on Tax Season

by Eriksen Insurance | Oct 3, 2014 | Insurance Reform

Accounting Today reports: “Internal Revenue Service commissioner John Koskinen told a congressional subcommittee about the IRS’s progress on the Affordable Care Act and the impact that tax subsidies will have next tax season. In a hearing before the House Ways...

Questions and Answers on the Individual Shared Responsibility Provision

by Eriksen Insurance | Sep 3, 2013 | Insurance Reform

The IRS reports: “Basic Information 1. What is the individual shared responsibility provision? Under the Affordable Care Act, the federal government, state governments, insurers, employers and individuals are given shared responsibility to reform and improve the...
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