Health insurance helps provide coverage for preventative care, treatment, pharmacy, and other medical services. Health insurance protects you from paying the full cost of medical services when you’re injured, sick, or have other medical costs. Also, in most cases,...
Cadillac Tax and Other Key ACA Taxes Repealed The federal spending bill signed into law at the end of 2019 repealed three taxes and fees under the Affordable Care Act (ACA):• The Cadillac tax• The medical devices excise tax• The health insurance providers fee The...
HIGHLIGHTS The IRS clarified that both the individual and employer mandates continue to apply. President Trump’s executive order does not change the law. Taxpayers are still required to follow the ACA, including paying any applicable penalties. Changes to ACA...