On December 20, 2019, the House and Senate, with the final signature from President Trump, passed a bipartisan legislative package of spending bills to avoid a government shutdown. This package of bills is collectively referred to as the Further Consolidated Appropriations Act, 2020 (the “Act”). The Act includes a permanent repeal of three Affordable Care… Continue reading Spending Bill Repeals Three Major ACA Taxes and Extends PCORI
Just in time for the holidays, the Internal Revenue Service (IRS) released final 2019 forms and instructions for reporting under Internal Revenue Code (Code) Sections 6055 and 6056. 2019 Forms 1094-C and 1095-C (and instructions) 2019 Forms 1094-B and 1095-B (and instructions) The 2019 forms and instructions are substantially similar to the 2018 versions. However,… Continue reading Final 2019 ACA Reporting Forms Released
Proposed Rules Would Require Hospitals to Publish Retail Prices for Health Care Services The Centers for Medicare and Medicaid (CMS) proposed rules that would require all Medicare-participating hospitals to post their negotiated prices for standard health care services. The Outpatient Prospective Payment System (OPPS) & Ambulatory Surgical Center (ASC) proposed rule is intended to increase… Continue reading Is Price Transparency Coming for Health Care?
The Internal Revenue Service (IRS) has released Notice 2019-63, which extends the deadline for furnishing 2019 Forms 1095-B and 1095-C to individuals from January 31, 2020 to March 2, 2020. The Notice alsoprovides penalty relief for good-faith reporting errors and suspends the requirement to issue Form 1095-B to individuals, under certain conditions. The due date… Continue reading IRS Extends Deadline for Furnishing Form 1095-C, Extends Good-Faith Transition Relief