Insured, but Not Covered

by Eriksen Insurance | Feb 10, 2015 | Affordable Care Act, Health Care .gov

The New York Times reports: “WHEN Karen Pineman of Manhattan received notice that her longtime health insurance policy didn’t comply with the Affordable Care Act’s requirements, she gamely set about shopping for a new policy through the public marketplace. After...

How To Report to the IRS About Health Coverage Under Obamacare

by Eriksen Insurance | Jan 13, 2015 | Health Insurance News, Insurance Reform, Requirements

Small Business Trends reports: “This year as you complete your federal income tax return, you’ll need to provide extra information, due to Obamacare. The Affordable Care Act will require one of three things for the 2014 tax year: If you had health coverage for...

What a GOP Senate could mean for PPACA

by Eriksen Insurance | Nov 4, 2014 | Affordable Care Act, Insurance Reform

Benefits Pro reports: “Midterm elections will be here next week, and the Patient Protection and Affordable Care Act is still on the minds of voters and candidates. According to Kaiser Family Foundation, Democrats and Republicans are using PPACA to tell their...

Section 6055 Reporting of Health Plan “Minimum Essential Coverage” for Small and Large Employers

by Eriksen Insurance | Nov 3, 2014 | Insurance Reform

JD Supra reports: “Starting in 2016, Section 6055 of the Internal Revenue Code, which was added by the Health Care Reform Act, requires all entities providing “minimum essential coverage” (MEC) to submit information to the IRS concerning each covered individual,...

Employer Shared Responsibility Payments and Reporting Requirements Under the Affordable Care Act: Code Sections 6055 and 6056

by Eriksen Insurance | Oct 3, 2014 | Health Insurance Cost

The National Law Review reports: “There are two types of employer shared responsibility payments, also known as pay or play penalties, under the Affordable Care Act (ACA).  The first penalty under Internal Revenue Code (Code) Section 4980H(a) is the penalty for...