Free Toolkit: 5-Step Guide on How to Comply with the ACA in 2016
The transition period is over and the Affordable Care Act (ACA) employer mandate is in full effect. Now employers with as few as 50 employees may have to comply with the ACA’s annual health care reporting requirements. These reporting requirements promote transparency regarding health plan coverage and costs. They also provide the IRS with the information needed to enforce the employer and individual mandates and determine eligibility for premium tax credits for individuals purchasing coverage through the health insurance marketplace.
The ACA-required reports on health care coverage provided in 2015 are due within the first half of 2016. Yet despite these looming deadlines, many employers are still not prepared. It is time for employers to get serious about their reporting obligations for failure to comply can result in steep penalties.
Start now by downloading this 5-step guide to:
- Take a look at what happened in 2015
- Understand what’s in store for 2016
- Determine applicable large employer (ALE) status
- Understand affordability and minimum value requirements