Bipartisan Support Is A Win For Small Business

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One of the first big changes to the Affordable Care Act (ACA) was voted on last week and passed. The bill was approved in both the House and the Senate eliminating a provision in the law that would have imposed costly requirements on businesses with 51 to 100 employees. The bill was signed into law by the President yesterday. This is great news for the bill that had bipartisan support and is a win for small businesses. The ACA has already made it hard on small businesses and if the definition of a small business had been redefined to include those […]

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Colorado Health Op In Jeopardy

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Just a few days after it looked like Colorado Health Op was in the clear and moving ahead with a bright future news broke that stated the opposite. The problem with this potential closing isn’t due to the cooperative being managed wrong. This is due entirely to the Affordable Care Act (ACA) not upholding their end of the law. When the healthcare cooperatives were created there were three plans that gave the cooperative money to help them on their feet and make their way into a very competitive healthcare market. One of those plans is called the “risk corridor” and

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File Your Tax Forms Correctly

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Did you file your tax forms correctly this year or were you part of the 1.8 million households that might not receive a tax subsidy for health insurance next year because you didn’t? Each year there are different tax laws and stipulations that make a tax accountants job difficult to say the least. This year tax accountants found themselves faced with having to help millions of Americans submit their forms to verify they had health insurance so they did not incur a penalty. The problem is if the filings were not correct or if their were no filings and the

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Small-Businesses March on Capitol Hill

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At the end of July, “about 150 small-business owners, organized by the National Federation of Independent Business (NFIB), will head to Capitol Hill to make the case to members from their states on legislation…,” says a recent article by The Hill. The issue being brought forth is a ruling from 2013 by the IRS that imposes steep penalties on employers who offer tax-free reimbursement to their employees to help them purchase individual health insurance plans.  What small-business owners are confused over is the need for a penalty when all they are doing is trying to help their employees to afford

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The ACA is Under a Magnifying Glass

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The Affordable Care Act is being looked at by government officials and agencies this week. When the law was implemented a large amount of tax funds were allocated to different programs. Subsidies were given, co-ops were started, and state based exchanges went into operation. Now the ACAs use of funds is being looked at with a fine tooth comb. The Government Accountability Office (GAO) created fictitious enrollments to see how well the system works in providing subsidies to Americans. The problem was eleven out of twelve of those accounts were approved for subsidies with fake documentation, which means the system failed

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What Does the SCOTUS Healthcare Decision Mean?

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In an article Avik Roy states, “that if the challengers had won, not one word of the law called the “Affordable Care Act” would have been changed.” He said the real change will be if the vote in the upcoming 2016 election puts a republican candidate in office. Then it won’t be SCOTUS calling the shots, but rather elected officials. With the ACA, the law was meant to help those below the poverty line, but it is still unobtainable with the huge premium spikes. The subsidies do help, but the premiums will continue to increase going into 2016. Obamacare is becoming unobtainable for the

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