Tag Archives: IRS

ACA Round-Up: Medicare Trustees Report Does Not Trigger IPAB, And More

All eyes yesterday were focused on the Senate, which released significant new amendments to the Better Care Reconciliation Act. But the Senate was not the only game in town.

July 14, 2017

Reports Address Costs Of ACA, IRS Record In Processing Premium Tax Credits

CBO Director Hall stated that in 2017 the gross cost of the ACA’s insurance coverage provisions was projected to be $214 billion in 2019, but that they are now projected to cost $148 billion. In addition, the Treasury Inspector General reported on IRS processing of premium tax credits.

March 8, 2017

Report: IRS Doing Well On Shared Responsibility Payments, Tax Credit Overpayments

A number of government reports have criticized federal agency ACA implementation and management efforts, sometimes resulting in congressional criticism or hearings. It is noteworthy, therefore, when an investigative report finds that in fact an ACA-implementing agency is doing its job well.

October 6, 2016

IRS Taxpayer Watchdog On Agency’s Implementation Of ACA: ‘Commendable,’ But Work Remains

A National Taxpayer Advocate Service report states, “The IRS has done a commendable job of implementing the various stages of the” ACA, but it also offers recommendations for improvement.”

July 11, 2016

Navigating The ACA Tax Alphabet: Resolving Conflicts Between The 1095-A, 1095-B, And 1095-C

Taxpayers are receiving 1095-Bs and 1095-Cs, as well as 1095-As, for 2015 and are facing questions about how to deal with inconsistent information on these coverage-related forms. The IRS has released a guidance for tax preparers on how to handle these inconsistencies.

March 14, 2016

Health Policy Brief: Nonprofit Hospitals’ Community Benefit

A new policy brief from Health Affairs and the Robert Wood Johnson Foundation (RWJF) looks at new community benefit provisions in the Affordable Care Act, which apply to some 78 percent of this country's community hospitals.

February 25, 2016

Expanding The Meaning Of Community Health Improvement Under Tax-Exempt Hospital Policy

The requirement that nonprofit hospitals earn their tax-exempt status by benefiting their communities is enshrined in U.S. tax policy. In the context of ACA reforms, there is increased interest among hospitals in how they might expand the traditional community benefit concept into a newer and...

January 8, 2016

IRS Again Delays Minimum Essential Coverage Reporting Requirement, And Other ACA Developments (Updated)

ACA minimum essential coverage reporting requirements, already delayed for a year by the IRS, have been delayed once again, although this time only for a couple of months. This post discusses this delay and other ACA developments.

December 29, 2015

Instructions For Reconciling Tax Credits, Basic Health Plan Funding Methodology Released

The IRS has released draft instructions for 2015 tax form 8962, which taxpayers use to reconcile over- and underpayment of advance premium tax credits. CMS also released its Basic Health Plan Funding Methodology for 2017 and 2018.

October 21, 2015

How To Qualify For Advance Premium Tax Credits For 2016

Implementing Health Reform. In order to qualify for advance premium tax credits (APTC) for 2016, enrollees who received APTC during 2014 must file income taxes for 2014 and reconcile the APTC they received in 2014 with the premium tax credits to which they were actually entitled given their...

October 9, 2015