ACA Compliance & Reporting Services
Give your coverage a checkup.
Are your employees covered?
Despite fevered debate and numerous legislative efforts, the Affordable Care Act (ACA) is still in effect. So if you’re an employer with 50 or more full-time employees, you could face penalties if you don’t provide your workers with adequate health insurance.
You might initially think that you must provide full-scale health insurance policies to your full time employees to maintain ACA compliance. However, there may be better options to provide quality coverage for your staff.
Through our ACA compliance services, you can make sense of this complex legislation and track any changes that could be on the horizon. Our team can assess the impact of the employer-shared responsibility rules and suggest a variety of solutions for employer-provided health benefits. We can help you determine whether you fall under ACA requirements, review staffing structure to see how it impacts qualification, evaluate affordable coverage options, and assist you with ACA compliance.
Is Your Company ACA-Ready?
Contact us today to see where you stand.
Tackling ACA Requirements
To remain within ACA compliance employers must:
- Track hours of service
- Determine whether they are a large employer subject to the law
- Identify which full-time employees can trigger a penalty
- Understand the consequences of not offering basic coverage to full-time employees
- Consider whether to offer affordable, minimum value coverage
- Determine whether to “pay or play”
- Report required information to the IRS
Do you have the experienced personnel to perform these steps and establish an ACA strategy? If you’re not sure, then you need a multi-disciplinary team that can guide you through the process.
We can help!
Our Health Care Implementation Team can assess the impact of the employer shared responsibility (“pay or play”) rules. We’ll also model multiple scenarios for employer-provided health benefits to find one that works best for your company. With this service, we’ll help you:
- Determine your number of full-time employees and whether you are an “applicable large employer” subject to employer-shared responsibility requirements
- Determine the impact of the employer-shared responsibility (“pay or play”) requirements over multiple years
- Assess the impact of adding or dropping employees
- Assess the impact of increasing or decreasing employee contributions to the cost of coverage
- Assess the impact of converting employees from full-time to part-time status
- Create a strategy for defining measurement, administrative and stability periods within the requirements of the ACA for the purposes of ongoing ACA compliance and reporting
- Evaluate the affordability of health care coverage for your company
- Help you understand the relevant requirements of the ACA, remain compliant and minimize taxes and penalties.
Latest Articles
Need more information? Check out our articles on ACA, tax and other matters that concern you.
Common Mistakes in Completing Forms 1094-C and 1095-C
By now, most applicable large employers (ALEs) are very familiar with the reporting requirements under the ACA. Yet we often see the same mistakes when these employers complete Forms [...]
Introducing the ICHRA—Healthcare Flexibility for Employers and Employees
Individual coverage health reimbursement arrangements (ICHRAs) are one of the newest ways to provide a valuable healthcare benefit to [...]
Yes, employers. You still need to file ACA Forms 1094/1095.
Following a judge’s ruling in Texas that the individual mandate is unconstitutional, some employers are under the mistaken impression [...]
ESRP Notice? Don’t Panic! You Might Be Able to Reduce Your ACA Penalty
Imagine a typical day at your business. You’re leafing through your mail and find the usual bills, industry publications… [...]
The IRS Relaxes Enforcement of ACA Mandate Penalties
As the new administration plans drastic changes to the Patient Protection and Affordable Care Act (ACA), the Internal Revenue [...]
Get to know the ACA Consulting Team
