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    Trump's Spending Resolution Affects ACA Taxes

    Posted by Soules Insurance on Tue, Feb 6, 2018

    On Jan. 22, 2018, President Donald Trump signed into law a short-term continuing spending resolution to end the government shutdown and continue funding through Feb. 8, 2018. The continuing resolution impacts three taxes and fees under the Affordable Care Act (ACA).

    Continue reading for more information on the changes taking effect.

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    Tags: Affordable Care Act, ACA, New Legislation, Spending Resolution, Taxes and Fees, Health Coverage, Taxes, ACA Compliance

    IRS Issues Pay or Play Enforcement Guidance

    Posted by Soules Insurance on Tue, Nov 28, 2017

    On Nov. 2, 2017, the Internal Revenue Service (IRS) updated its Questions and Answers (Q&As) on the employer shared responsibility rules under the Affordable Care Act (ACA) to include information on enforcement. Specifically, these Q&As include guidance on:

    - How an employer will know that it owes an employer shared responsibility penalty
    - Appealing a penalty assessment
    - Procedures for paying any penalties owed.

    The IRS also maintains a website on understanding Letter 226-J, as well as a sample letter, which will be used to inform employers of their potential penalty liability.

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    Tags: Affordable Care Act, ACA, IRS, Letter 226-J, Internal Revenue Service, Pay or Play Enforcement

    President Trump Signs Executive Order Affecting the ACA

    Posted by Soules Insurance on Tue, Oct 17, 2017

    On Oct. 12, 2017, President Donald Trump signed an executive order intended to change certain rules under the Affordable Care Act (ACA). The order would relax regulations on association health plans. This change could allow individuals and small businesses to purchase health insurance policies across state lines and avoid certain ACA requirements.

    The executive order also directs the Departments of Labor, Health and Human Services, and the Treasury (Departments) to consider expanding the availability of low-cost short-term, limited-duration insurance and health reimbursement arrangements (HRAs).


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    Tags: Affordable Care Act, ACA, Consumer Healthcare, President Trump, Executive Order, Health Care Bulletin, U.S. Health Care System, Consumer Health Care

    What Lies Ahead for Obamacare in Trump's Administration

    Posted by Soules Insurance on Fri, Dec 2, 2016


    President-elect Donald Trump has promised over and over in recent months that he will repeal and replace the Affordable Care Act, also called Obamacare, when he reaches the White House.

    "Obamacare is a disaster. You know it. We all know it," Trump said at a debate last month. "We have to repeal it and replace it with something absolutely much less expensive."

    Now that Trump will move into the Oval Office in January, the question is whether he'll be able to completely repeal the six-year-old law that has had an impact on every aspect of the U.S. health care system.

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    Tags: Obamacare, Health Care Law Repeal, Affordable Care Act, Congress, Donald Trump