Colorado ranks sixth-best in the country

A report released by The Commonwealth Fund, found that Colorado’s health care system ranks sixth-best in the country. Colorado jumped five spots in the organization’s Scorecard on State Health System Performance from before the Affordable Care Act to the present. That was the fifth-largest jump among all states. The Scorecard ranks states on more than 40 measures of health system …

American Health Care Act

On March 9, 2017 the House approved the American Health Care Act—to replace tax elements of the Affordable Care Act (ACA)—by a vote of 23-16. The Act suggests various amendments to the current Affordable Care Act in place including: reducing employer mandate penalty, reducing individual mandate penalty, creating a continuous coverage requirement surcharge, delaying excise tax, repealing health insurance tax, …

4 Changes to the Affordable Care Act

The Affordable Care Act (ACA) is seeing a handful of changes this year. Some areas, like the automatic enrollment policy, were simplified for employers. Other line items will be tied to increased penalties. The good news is that there are fewer changes compared to previous years, so it’s easier to keep up with these shifts. Here are the top four …

Has Employer Health Insurance Coverage Sky-Rocketed?

Are you concerned about sky-rocketing health insurance costs? A new poll reveals some findings that may quell your fears.   Health Insurance Coverage Study Overview In August 2015, Harris Poll conducted a survey for Transamerica Center for Health Studies on 1,500 business executives across the United States. The study found that after the Patient Protection and Affordable Care Act, coverage is …

Two Provisions of Health Care Reform Recently Repealed

Over the last couple of weeks two separate provisions of the Health Care Reform Act (PPACA) have been repealed.  On April 14, 2011, the first provision of the PPACA to be repealed was the onerous expansion of 1099 reporting. This provision would have made it mandatory for businesses to significantly expand their reporting of 1099s to any vendor they pay …

IRS Releases Rules on W-2 Health Insurance Reporting

The Internal Revenue Service has recently issued a notice providing interim guidance on how businesses should report to employees their employer-sponsored group health plan coverage amounts as required under Section 6051(a)(14), enacted as part of the Affordable Care Act.  Notice 2011-28 is valid for all employers who sponsor a group health insurance plan offered to their employees. In general, employers are required …

IRS Announces Relief for Employers from W-2 Reporting of Health Plan Costs

The IRS announced today, October 12, 2010, that it will defer the health insurance reporting requirement for employers, making reporting by employers optional for 2011. The Affordable Care Act requires that the aggregate cost of employer-sponsored health coverage must be reported on a Form W-2.  For this purpose, the aggregate cost is to be determined under rules similar to the …