The Supreme Court has upheld the law in the case of King v Burwell, making the Affordable Care Act subsidies valid in all 50 states. The ruling comes after much anticipation as noted in our blog post earlier this week. In a 6-3 decision, premium tax subsidies in both the state and federal marketplaces will continue to be available. This ruling is the second time the Supreme Court has ruled in favor of Obamacare, saving a major piece of the ACA.
Going forward businesses should also make sure they are in compliance with the ACA reporting requirements which will be due January 31st and February 28th of next year.
The ACA continues to be ever-changing. Keep up to date by subscribing to our blog. For further questions regarding the ACA, please contact Steve Dunavant at email@example.com or (901) 685.5575.