15 Nov Mid-Term Elections: ACA Compliance Unchanged; 1095-C Forms Still Due
Many of you may have stayed up late to see the election results and wondered what they meant to the state of compliance and the Affordable Care Act. Maybe even, you wondered, “do I still have to worry about these 1095-C forms that are due in 90 days?” The short answer is yes!
The Notice below is from a national association that advocates for health insurance solutions on behalf insurance brokers, employers and individuals. The takeaway from this mid-term election with regard to the Affordable Care Act is that it is here to stay for the foreseeable future. ETC recommends that you stay the course, and we are ready to serve your company.
Also, the IRS recently started sending 226J penalty letters for the 2016 tax year as it continues its efforts to enforce the employer mandate. These penalty notifications seem to be coming faster for this tax year than previous years. They should not be ignored! If you have any questions, let the ETC team know. Through our relationship with attorneys who specialize in handling these penalty letters, we can connect you to a solution that ensures you are in the best position to defend yourself against these employer penalties.
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Statement by the National Association of Health Underwriters
Nov. 7, 2018
Voters from across the country turned out in record numbers yesterday to cast their ballots in this year’s Midterm elections. As a result, more than 80 new representatives and senators and 18 new governors will be sworn in this coming January who will play a crucial role in shaping the debate on the future of healthcare policy at the federal and state levels. NAHU looks forward to working with policymakers from both sides of the aisle in the coming months, forging strong relationships and advocating on behalf of you and your clients. We remain committed to the private health insurance market, the employer-based healthcare system and the critical role of our members in the healthcare system, and we oppose any legislative efforts that could threaten the health insurance options that Americans depend upon.
The issue of healthcare was the top priority cited among voters this year and one of the clearest takeaways is that, despite the press attention to Medicare-for-All proposals, voters have demonstrated that they want pragmatic, bipartisan solutions to the challenges that we face in our healthcare system. In the most competitive races in both the House and Senate, candidates almost universally rejected any form of single-payer. And as Democrats take control the House, it virtually ensures that the ACA will remain the law of the land for the foreseeable future as they prevent further repeal efforts. They are expected to focus their healthcare agenda on the much-needed fixes to the ACA and prescription drug reform rather than any fundamental changes that would face steep hurdles in the Republican-controlled Senate and a certain veto by President Trump. It is also clear that there remains a strong need for valued guidance by health insurance agents, brokers and consultants to work through the challenges in the healthcare system.