The new Trump administration is hard at work to repeal the Affordable Care Act, informally known as Obamacare. Both the House and the Senate have proposed healthcare replacements which feature drastic budget cuts to Medicaid, enabling tax relief for most of America’s citizens. The Affordable Care Act mandates that all citizens have health insurance or pay a tax penalty; it also mandates that large employers offer affordable insurance to employees or they may be subject to penalties. In certain cases, the newly proposed insurance policies eliminate the individual and employer tax penalty. Overall, the GOP’s plans drastically scale back the requirements imposed on both insurance companies and the federal government’s involvement in its citizens’ healthcare.

What does this mean for ACA Employer Reporting?
At this point, nothing. Neither the Senate nor the House have proposed bills which repeal the ACA Employer Reporting requirements.
If the bills on the table do become law, it is expected that the reporting will eventually be eliminated. However, as it stands, it remains unknown whether or not these bills will indeed become law and if/when the reporting requirement will be eliminated.
As always, Brand’s is monitoring the subject and any legislative proposals and passage. We will keep you updated if any requirements change.

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