Although its status has been questionable at times, the Affordable Care Act (ACA) remains law and employers must continue to meet its challenging requirements or face substantial penalties. Complying with ACA rules is no easy task and can be very difficult for employers.
Outsourcing ACA administration reduces an employer’s workload and can help ensure that an employer accurately manages their ACA program while protecting them from potential penalties.
We’ve designed our services to be as simple and efficient as possible so employers can focus on their core business. Employers send us their data and then we perform the appropriate calculations and determinations as well as handle all of the ACA reporting requirements.
Several states are now requiring residents to have insurance just like the federal ACA program. And just like the federal program, employers and health plans are required to report Form 1095 information to the states. We can do it for you.
Choosing how to handle ACA compliance is an important decision that could potentially cost you big in the long run. Before you make a decision, make sure you're asking all the right questions.
Download our list of critical questions you should ask when considering your options.
In late 2017, the IRS started issuing Letter 226-J to applicable large employers (ALEs) who the IRS has determined are liable for an Employer Shared Responsibility Payment (ESRP). For many employers, the ESRP penalty is in the millions of dollars.
If you have received a Letter 226-J, we can help.