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What Is the Individual Mandate for Health Care Reform?
The health care reform legislation that became law in 2010 - known officially as the Affordable Care Act and also as Obamacare - requires most Americans to have a basic level of health insurance coverage. This requirement is commonly referred to as the law's "individual mandate." The law imposes a tax penalty through 2018 on those who fail to have the required coverage. Read more…

Know the Key Dates for Health Care Reform
"Open enrollment periods for the health insurance marketplace under the Affordable Care Act are limited" says Mac Schneider, a retired certified public accountant from Albion, Michigan. "Avoiding tax penalties requires awareness of important dates that may vary year-to-year." As well as key dates, there are time cycles and coverage gap allowances important to health insurance coverage under provisions of health care reform. Read more…

Employer Sponsored Health Coverage Explained
The Affordable Care Act, also known as Obamacare, is simpler than some people may give it credit for. The basic rule to remember is that everyone must carry Minimum Essential Coverage (MEC). Employers with 50 full-time employees or more are obligated to sponsor plans for their workers to help them meet this requirement. Read more…

How Does IRS Form 1095-B Affect Small Businesses?
IRS Form 1095-B provides information about health insurance coverage. The Affordable Care Act (ACA), also known as Obamacare, requires that insurance providers send this form to those whose coverage meets the minimal standards of the law. Read more…

What are 1095 Tax Forms for Health Care?
The Affordable Health Care Act introduced three new tax forms relevant to individuals, employers and health insurance providers. They are forms 1095-A, 1095-B and 1095-C. These forms help determine if you the required health insurance under the Act. For individuals who bought insurance through the health care marketplace, this information will help to determine whether you are able to receive an additional premium tax credit or have to pay some back. Read more…


More ACA Articles

What the Affordable Care Act Means for Vets Essential Tax Forms for the Affordable Care Act (ACA) 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) Are Out-of-Pocket Medical Expenses Covered by ACA? What is the Premium Tax Credit? 5 Steps to Navigate the Health Care Marketplaces What is the Difference Between Forms 1094-C and 1095-C? What Is the Individual Shared Responsibility Provision? Affordable Care Act (Obamacare) Survival Guide For ALEs What is Code Section 6056 for Health Care Reform? Does Your Company Need to File Form 1095-B? Video: How to Claim the Affordable Care Act Premium Tax Credit (Obamacare) What is Form 1095-B: Health Coverage Does Medicare Count as Minimum Essential Coverage (MEC) What is Form 1095-A: Health Insurance Marketplace Statement What is Employer Sponsored Coverage? Are You Exempt From Health Care Coverage? The Most Important Tax Forms for ALEs (Applicable Large Employers) Affordable Care Act Decoded How to Determine if You Have Minimum Essential Coverage (MEC) Will Medicare/Medicaid be Impacted by ACA? What Are the Tax Penalties for Smokers? What is Form 1095-C: Employer-Provided Health Insurance Offer and Coverage Video: Affordable Health Care Act Explained—Obamacare Facts Video: What is the Affordable Care Act Individual Mandate? Video: Who Qualifies for an Affordable Care Act Exemption (Obamacare)? What is Form 1094-B: Transmittal of Health Coverage Information Returns? Understand and Avoid Health Care Reform Tax Penalties

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