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Essential Tax Forms for the Affordable Care Act (ACA)
The Affordable Care Act (ACA), also referred to as Obamacare, affects how millions of Americans will prepare their taxes in the new year. The Internal Revenue Service (IRS) has introduced a number of essential tax forms to accommodate the ACA: Form 1095-A, Form 1095-B, Form 1095-C, and Form 8962. Read more…
What Is the Individual Shared Responsibility Provision?
The individual shared responsibility provision lies at the heart of the Affordable Care Act—the 2010 health care law sometimes referred to as Obamacare. This is the provision that requires Americans to have health insurance coverage and that imposes a tax penalty on those who choose to go uninsured. Read more…
Video: What is the Affordable Care Act Individual Mandate?
The Affordable Care Act individual mandate (Obamacare) requires most Americans to have health insurance or pay a tax penalty, unless you qualify for an exemption. Learn more about the ACA individual mandate, plans that qualify as minimum essential coverage, who qualifies for an exemption and how the individual mandate may affect your taxes with this helpful guide from TurboTax. 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…
Does Your Company Need to File Form 1095-B?
A company is responsible for filing IRS Form 1095-B only if two conditions apply: It offers health coverage to its employees, and it is "self-insured." This means that the company itself pays its employees' medical bills, rather than an insurance company. A company that doesn't meet both conditions won't have to deal with Form 1095-B. Its employees might still receive a 1095-B, but from their insurer, not the employer. Read more…
More ACA Articles
How to Determine if You Have Minimum Essential Coverage (MEC)
Will Medicare/Medicaid be Impacted by ACA?
What is Form 1095-B: Health Coverage
Video: How to Claim the Affordable Care Act Premium Tax Credit (Obamacare)
Affordable Care Act Decoded
Are Out-of-Pocket Medical Expenses Covered by ACA?
Employer Sponsored Health Coverage Explained
5 Steps to Navigate the Health Care Marketplaces
What is Code Section 6056 for Health Care Reform?
Does Medicare Count as Minimum Essential Coverage (MEC)
The Most Important Tax Forms for ALEs (Applicable Large Employers)
How Does IRS Form 1095-B Affect Small Businesses?
What are 1095 Tax Forms for Health Care?
What the Affordable Care Act Means for Vets
Video: Who Qualifies for an Affordable Care Act Exemption (Obamacare)?
How Health Care Reform Has Changed the Way You Pay Taxes
Health Care and Your Taxes: What's the Connection?
Do VA Benefits Count as Medical Insurance Coverage Under Obamacare?
What is an ALE (Applicable Large Employer) for Health Care Reform?
What is the Shared Responsibility Payment?
Finding Your Health Care Marketplace
Video: The Affordable Care Act Tax Penalty Explained (Obamacare)
What is the Premium Tax Credit?
What is Form 1094-B: Transmittal of Health Coverage Information Returns?
What is the Difference Between Forms 1094-C and 1095-C?
Understand and Avoid Health Care Reform Tax Penalties
What Is the Individual Mandate for Health Care Reform?
Know the Key Dates for Health Care Reform
What is Form 1095-C: Employer-Provided Health Insurance Offer and Coverage
What is Form 1095-A: Health Insurance Marketplace Statement
What is Employer Sponsored Coverage?
Are You Exempt From Health Care Coverage?
What Are the Tax Penalties for Smokers?
Video: Affordable Health Care Act Explained—Obamacare Facts
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