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The Affordable Care Act (ACA) requires covered employers to provide the IRS with month-by-month accountings of all employees – eligible and ineligible, enrolled and not enrolled. For those enrolled, the level of benefits by family status must also be reported. This same information must be shared with each employee. The IRS will compare these rosters to enrollment in the State Exchanges. By 2015, employers not able to do this face penalties and other liabilities.
Compliance requires employers to combine facts from payroll files with facts from plan enrollment rosters. This sounds simple but is not. Health Decisions has been combining payroll and enrollment rosters for 15+ years. We have yet to find any that match easily or without effort.
This webinar explores the problems employers can expect and what they must do to meet their biggest challenge of ACA compliance. We also explain how, if done correctly, meeting these requirements can lead to savings that can make the effort worthwhile.
To download the slides from the presentation, click here. To view the presentation via slideshare, click here. To download a full recording of the webinar, click here.