The outcome will undoubtedly have major implications for the 20 million consumers covered under the ACA, the insurers as well as the hospitals. The fight over the ACA is coming to a head at a time where the Coronavirus pandemic has brought healthcare to the forefront. It remains to be seen whether the Supreme Court will finally uphold the ACA, consolidating all the gains that our health care system has made under the law.
Should the states win, and the law is struck down, experts believe that companies will not need to file their 2020 1094/1095 filing with the IRS, however, these findings are not true. These filings are due by January 31, 2021. However, as the court will not be giving their final ruling until the spring of 2021 all filings will be due and all fines will be held up should a company not file in a timely manner. Will the Affordable Care Act (ACA)’s the unrelenting legal battle end in termination?
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