The Affordable Care Act Survival Guide: Supplemental Articles
President Obama signed the Affordable Care Act into law in March 2010 following a contentious partisan battle. Comprehending the full meaning of this act will take time, as federal agencies and the courts provide clarification. The following is a series of articles created by Richard Hammar to provide an overview the provisions that involve taxation, have the greatest relevance to churches and church staff, and affect tax reporting in 2014 or future years.
This pack is a supplement to the Affordable Care Act: Church Administrators Survival Guide
and includes:Increase in Uninsured Penalty
Individuals must maintain minimal care coverage.Consumer Insurance Protections
Note these important benefits.Affordable Care Act Benefits
Improving quality and lowering costs.Increased Access to Care
The Medicaid expansion.Small Business Health Insurance Credits
Companies with fewer than 25 full-time equivalent employees may benefit from providing health insurance.The Postponed "Play or Pay"
Starting in 2015, some large employers will have to pay penalties for not providing health insurance to employees.Are you a large employer?Filing the 6056 Return
The rulings regarding the Affordable Care Act are constantly changing. As of March 20, 2015, this is the most accurate and complete information available. Updates related to the Affordable Care Act are made on ChurchLawAndTax.com