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What is the Premium Tax Credit (PTC) and What is Tax Form 8962?
The premium tax credit took effect beginning in the 2014 tax year, and provides tax savings to offset the cost of health insurance, for those who qualify. Read more…

The Most Important Tax Forms for ALEs (Applicable Large Employers)
The Employer Shared Responsibility provisions affect companies with 50 or more full-time employees or an equivalent of part-time or seasonal workers. These companies are called Applicable Large Employers, or ALEs. 2015 was considered a transition year as everyone got used to the new normal for workplace health plans. Read more…

How to Determine if You Have Minimum Essential Coverage (MEC)
The Affordable Care Act, also known as Obamacare or ACA, requires most Americans to have health insurance that meets a government standard known as "minimum essential coverage," or MEC. Whether your insurance qualifies as MEC depends not on the plan itself, but on how you obtained your coverage. Read more…

Affordable Care Act (Obamacare) Survival Guide For ALEs
A key feature of the Affordable Care Act (also known as Obamacare) is the way in which responsibility for affordable health care coverage is shared between stakeholders. Companies that employ 50 or more people may be considered "applicable large employers" or ALEs under the Affordable Care Act (ACA). Read more…

Are You Exempt From Health Care Coverage?
The Affordable Care Act, or Obamacare, is an individual mandate that requires all eligible Americans to have some form of basic health coverage. For tax years prior to 2019, those without insurance will receive a penalty when they file their tax returns - that is, unless they have an exemption. Read more…


More ACA Articles

Does Your Company Need to File Form 1095-B? Essential Tax Forms for the Affordable Care Act (ACA) How Does IRS Form 1095-B Affect Small Businesses? Know the Key Dates for Health Care Reform Video: The Affordable Care Act Tax Penalty Explained (Obamacare) Video: Who Qualifies for an Affordable Care Act Exemption (Obamacare)? Video: Affordable Health Care Act Explained—Obamacare Facts Video: What is the Affordable Care Act Individual Mandate? What Is the Individual Shared Responsibility Provision? How Health Care Reform Has Changed the Way You Pay Taxes Understand and Avoid Health Care Reform Tax Penalties What is Form 1095-C: Employer-Provided Health Insurance Offer and Coverage Are Out-of-Pocket Medical Expenses Covered by ACA? 5 Steps to Navigate the Health Care Marketplaces Finding Your Health Care Marketplace What is Employer Sponsored Coverage? Video: How to Claim the Affordable Care Act Premium Tax Credit (Obamacare) Health Care and Your Taxes: What's the Connection? What the Affordable Care Act Means for Vets Does Medicare Count as Minimum Essential Coverage (MEC) Do VA Benefits Count as Medical Insurance Coverage Under Obamacare? What is the Difference Between Forms 1094-C and 1095-C? Will Medicare/Medicaid be Impacted by ACA? What is the Shared Responsibility Payment? What is an ALE (Applicable Large Employer) for Health Care Reform? Employer Sponsored Health Coverage Explained What is Form 1095-A: Health Insurance Marketplace Statement What is Form 1094-B: Transmittal of Health Coverage Information Returns? What Is the Individual Mandate for Health Care Reform? What are 1095 Tax Forms for Health Care? What Are the Tax Penalties for Smokers? What is Code Section 6056 for Health Care Reform? Affordable Care Act Decoded What is Form 1095-B: Health Coverage

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