Changes Are Coming For ACA In 2021 

Changes Are Coming For ACA In 2021

Feb 12, 2021

Aatrix Feb 2021 Changes Are Coming For ACA In 2021.png

What Changes Are Coming For ACA In 2021:Proposed Changes Announced By The New Administration

The new administration has announced its intention to pursue a number of changes to the Affordable Care Act (ACA). It’s not clear how these changes will be implemented via legislation or executive order. It’s also not clear how these changes will affect employers payroll reporting at both the state and federal level.

Changes to the Affordable Care Act

With the growing concern that as many as 30 million American’s may have lost their coverage due to the pandemic and the open enrollment deadline of December 15th behind us, there is still hope to enroll in coverage for 2021. A special open enrollment period for 2021 was passed to allow those without coverage to enroll from February 15th to May 15th. The expanded enrollment period will allow individuals to purchase coverage through the ACA Marketplace. 

While the order applies only to the federal HealthCare.gov site, the order also encouraged the 14 states that manage their marketplace to follow suit and open enrollment for the same period. So far, California, Colorado, New Jersey, Pennsylvania, and Washington have announced their intention to reopen enrollment, and it is anticipated that other states will likely reopen.

While the enrollment period for American’s to obtain coverage has changed, the deadlines for businesses to file their Form 1095-C and Form 1095-B with the IRS remain the same: February 28th, if filing by paper, and March 31st, if filing electronically.

The Individual Mandate

Intentions to bring back the penalty for not having health insurance coverage is also being considered. The individual mandate was eliminated in 2017. The individual mandate requires individuals to have medical insurance either through employers, private insurance, or through the federal marketplace. 

Currently, several states have implemented an individual mandate which requires employer reporting to state agencies. It is not certain how restoring the federal mandate will affect state compliance and reporting.

Other Proposed Changes To ACA In 2021

The new plan would lower the spending threshold for medical insurance to 8.5% of an individual’s income. Currently, the spending limit is 9.83%.

Under the proposed plan, Medicare would be able to negotiate prescription prices, limit prices “for all brand, biotech and abusively priced generic drugs”, and set prices for drugs with no competition.

Finally, the plan would allow undocumented immigrants to buy into the federal marketplace, but it would not be subsidized.

Summary

It’s clear that there will be many changes coming, and they will likely impact employers reporting requirements at both the federal and state levels. Aatrix will continue to monitor all changes and will keep our customers informed and ensure compliance with any reporting changes that occur.

 





Category List


Tag List

Families First Coronavirus Response Act (1)
Federal (1)
IRS Form 941 Changes (1)
1094-C (2)
1099-G (1)
e-File (1)
Reports (1)
Top 50 (1)
Staff (1)
IRS Form 7200 (1)
Social Security Number Verification (1)
IRS Form W-2 (5)
Innovation (2)
Filing (1)
ACA Reporting (3)
Aatrix eFile (8)
SMBs (1)
Mac (1)
Sage (1)
Year-End Deadlines (1)
Compliance (5)
Solutions (2)
Payroll Tax Forms (2)
ACA eFiling (3)
IRS 7200 Form (1)
The Families First Coronavirus Response Act (1)
2020 IRS Form W-2 (2)
Payroll Compliance (3)
Coronavirus (2)
Secure eFiling (1)
Security (4)
IRS Form 941 (2)
Sage 300 CRE (1)
New Logo (1)
Cloud (1)
Technology Companies (2)
Sick Leave (1)
Growth (1)
Small Business (1)
Tax (2)
ACA e-filing (3)
Employee Retention Credit (1)
State (1)
ACA Compliance (3)
IRS 941 Form (1)
Forms (1)
Ultimate Payroll (1)
Sage Solutions (1)
Aatrix Software (9)
TUG (1)
IRS Form 941 & 940 changes (1)
Top 100 (2)
Windows (3)
IRS Tax Forms (1)
1099 G (1)
Future (1)
IRS Notice 931 (1)
Company Of The Year (1)
Payroll Software (6)
CV Technology Innovator Awards (1)
Web Forms (1)
Payroll Tax Relief (1)
COVID-19 (2)
Payroll Tax Reporting (4)
IRS Form W-3C (1)
Technology (3)
Safe eFiling (1)
Sage Summit (2)
eFile (3)
IRS 7200 Tax Form (1)
Payments (1)
Review (2)
Sage Solutions Provider (1)
Economic Security Act (1)
e-Filing (1)
HR (1)
Payroll Reporting (12)
Initiatives (1)
Reporting (1)
1095-C (2)
1095-B (2)
Payroll Solution (6)
Federal Payroll Reports (1)
Solution (3)
CIO (3)
CV Magazine (1)
Infrastructure (1)
Aatrix (6)
Sage Summit 2014 (1)
ACA (4)
SOC3 (2)
ACA 1095 C&B requirements (2)
1099 NEC (2)
IRS Form 1099 NEC (3)
Accounting Solutions (2)
Medical Leave (1)
State Payroll Reports (1)
SOC2 (4)
Top Software (1)
Enterprise (2)
Awards (1)
Accounting Solutions Provider (2)
Affordable Care Act (3)
payroll reporting changes (2)
IRS 1099 NEC Form (2)
eFiling (2)
1094-B (2)
Form 941 (1)
Payroll (14)
Aatrix Software, Inc. (5)
Payroll Reports (8)
Accountant Shortage (1)
Assessment (4)
Sage Summit 2015 (1)
Improvements (1)
OEM Payroll (1)
Sponsorship (1)
Human Resource (1)
Top 10 (3)
HIPAA (4)
Rebranding (1)
Payroll Tax (3)
IRS Form 1099 (3)
CIO Review (3)
Coronavirus Aid (1)

Tag Cloud

Mac1094-BCIO ReviewWeb FormsACA ComplianceACA e-filingFilingIRS Form 7200Payroll ComplianceSOC2Economic Security ActIRS Tax FormsSage Summit 2015COVID-19ACA 1095 C&B requirementsFamilies First Coronavirus Response ActSage Solutions ProviderTaxAatrix SoftwareACA eFiling1095-CPayroll Reports1095-BAatrixCV MagazineTUGYear-End DeadlinesSage SolutionsState1099 GHRACA ReportingTechnology CompaniesCompany Of The Year2020 IRS Form W-2Human ResourceAatrix Software, Inc.Top 501099 NECSMBsIRS Form 1099IRS Notice 931IRS Form 941ACAAwardsInnovationIRS Form 941 Changes1099-GPaymentsForm 941Top 100CloudTop 10GrowthCoronavirus AidReviewPayroll Tax ReportingSagePayrollSocial Security Number VerificationSolutionPayroll ReportingSage Summit 2014e-FilingAatrix eFileEmployee Retention CreditCV Technology Innovator AwardsTechnologyAccounting Solutions ProviderUltimate PayrollSecure eFilingIRS Form 1099 NECThe Families First Coronavirus Response ActSick LeaveInfrastructureReportsComplianceStaffPayroll TaxHIPAAEnterpriseAccounting SolutionsFormseFilingInitiativesIRS 7200 FormIRS 941 FormIRS Form W-2WindowsMedical LeaveCIOPayroll SolutionSOC3CoronavirusNew LogoSmall BusinessSage 300 CREAccountant ShortageeFileIRS Form W-3CIRS Form 941 & 940 changesSage SummitPayroll Tax ReliefImprovementse-File1094-CTop SoftwareAffordable Care ActSponsorshipRebrandingReportingAssessmentPayroll Tax FormsIRS 7200 Tax FormSecurityFederal Payroll ReportsFuturePayroll SoftwareSafe eFilingSolutionsState Payroll ReportsOEM PayrollIRS 1099 NEC FormFederalpayroll reporting changes


Archive