The due date for furnishing the 2016 Form 1095-B, Health Coverage, and the 2016 Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, is March 2, 2017. The IRS issued a notice late last year granting an extension of the 1095-B and 1095-C reporting from January 31, 2017, to March 2, 2017.
President Trump’s Affordable Care Act (ACA) executive order may not affect your health benefits in the short term, but his promise to repeal and replace the ACA makes it likely that major changes are on their way.
Once the Trump administration assembles its team, the new republican Congress can use a majority vote to unilaterally pass budget reconciliation legislation, effectively crippling the existing system by repealing the employer and individual mandates, individual subsidies at the health insurance exchanges, the expansion of Medicaid and ACA-related taxes.
During President Donald Trump’s first 100 days in office, Western Growers President and CEO Tom Nassif will be providing an in-depth analysis on how proposed federal policies will affect agriculture. Nassif will offer regular updates through Nassif Notes, detailing how issues such as healthcare, tax reform, immigration and trade will impact ag and ag-related businesses.
The blog series kicks off today with an analysis on what Trump’s executive order concerning the Affordable Care Act (ACA) means for farmers.
On January 20, President Trump signed an executive order regarding the Affordable Care Act (ACA), creating a broad policy statement about how the leaders of ACA-related agencies are to conduct themselves.
While executive orders may not be used to modify laws or regulations, Trump’s order did include directions to: