Affordable Care Act - page 2
Affordable Care Act
ACA Affordability Percentage and Calculations for 2020
For plan years starting in 2020, the affordability percentage is 9.78%
May 18, 2020 ・5 mins read
Affordable Care Act
When it Comes to the Affordable Care Act, "6056" is a Four Letter Word
Most Applicable Large Employers (ALEs) didn’t anticipate the extent of the challenges they would face while completing the ACA Section 6056 Forms 1094-C and 1095-C for the first time this year. So what can you do to avoid 6056 headaches and frustration next year?
January 24, 2019 ・4 mins read
Affordable Care Act
Mental Health Parity: What Employers Need to Know
Mental health parity describes the equal treatment of mental health conditions and substance use disorders in insurance plans. It is important for business owners to be aware of laws around mental health parity to avoid contracting with an insurance carrier whose plan design does not meet the standard. True mental health parity may be a work in progress but as an employer, you can take steps to minimize the impact of mental health issues in the work environment.
January 24, 2019 ・4 mins read
Affordable Care Act
It’s Tax Season! Here is What Employers Need to Know About the IRS’s Affordable Care Act Reporting Requirements (with Deadlines)
In February 2015, the IRS issued final forms and instructions related to the Affordable Care Act (ACA). Back in December, 2015, the IRS issued a deadline extension for the new ACA reporting requirements. For tax year 2015, employers and insurance carriers are required to report medical coverage data under Internal Revenue Code sections 6056 and 6055.
Below is what you need to know to decide what you need to report and what form to use. The chart above is a handy reminder of the deadlines to file this paperwork.
Start by figuring out if your company is considered an applicable large employer (ALE)
An ALE is a company that employed 50 or more full-time employees, including full-time equivalent employees (FTEs), on average during the previous calendar year. Generally, a full-time employee is someone who works 30 or more hours a week, on average. Internal Revenue Code section 6056 applies to companies that meet the definition of an ALE, including companies that did not offer group medical coverage in 2015.
January 24, 2019 ・6 mins read
Affordable Care Act
Five HR Topics Businesses Should be Aware Of
Here are some of the most notable topics and issues we think your business should know about and our guidance on preparing for the effects they’ll have on your business.
June 7, 2018 ・11 mins read
Affordable Care Act
Struggling With HR? Here Are the Most Important HR Topics You Need to Juggle Right Now!
Most business owners realize, from the moment they hire their first employee, that human resources (HR) can be a tedious and time-consuming process. And the more employees you add to your team, the more work HR becomes. HR rules and regulations can differ tremendously by state or jurisdiction and, to make matters more complicated, these rules and regulations are constantly changing
September 26, 2017 ・5 mins read
Affordable Care Act
SMBs in the Healthcare Industry: There is a New Affordable Care Act Requirement for Your Business
Companies that are primarily engaged in providing or administering health care services or coverage have one more Affordable Care Act (ACA) notice requirement to worry about. Effective October 16, 2016, healthcare companies must post a notice stating that they do not engage in discrimination that is prohibited by ACA Section 1557.
November 15, 2016 ・4 mins read
Affordable Care Act
Check Your Mailbox: ACA Subsidy Notices Are Coming Soon!
One provision of the Affordable Care Act (ACA) is employer shared responsibility, also known as “pay or play” penalties. Under this provision, if an applicable large employer (ALE) does not offer affordable health coverage providing minimum benefits to full-time employees and their dependents, the employer could be subject to a penalty. This penalty helps to offset the cost of the premium tax credit or any subsidies that employees who have coverage through the health insurance marketplace may have received.
July 15, 2016 ・5 mins read
Affordable Care Act
How Many Hours Can Seasonal Employees Work Before Needing Insurance Coverage?
Benefits advisor Bud Bowlin advises on the max hours seasonal employees can work before employers are legally required to offer insurance under the ACA.
May 13, 2016 ・3 mins read
Affordable Care Act
SBA, ACA, IRS: What Qualifies as a Small Business?
Here are some of the most popular organizations’ definitions of “small business"
May 4, 2020 ・5 mins read
Affordable Care Act
The Path to Maintaining HR Compliance
Starting a business can be difficult. Growing one is even harder. Whether your company is big or small, a startup or mature, maintaining compliance in HR is critical to success.
November 14, 2019 ・7 mins read
Affordable Care Act
ACA Fact Sheet: Considerations for Small Employers
Because small employers are generally not subject to the ACA’s employer shared responsibility provisions and the associated tax penalties, many small companies do not think the ACA will impact them. However, ACA regulations broadly impact companies of all sizes and affect if and how they will offer minimum essential coverage to their employees.
January 25, 2019 ・6 mins read
Affordable Care Act
TriNet Makes the Affordable Care Act Easier to Swallow with Complimentary Food, Drinks and Expert Guidance!
For more than a year, Affordable Care Act (ACA) experts from TriNet have been traveling to cities across the country to bring vital information on the ACA to the businesses that need it. Dozens of business owners and managers attend these wildly popular two-hour events, which take place either over complimentary lunch or refreshments in every major market where TriNet operates. But what are these ACA Over Lunch and ACA Over Drinks events and why are they so important to business success?
January 24, 2019 ・4 mins read
Affordable Care Act
Do You Owe an ACA Penalty? Here's How to Tell
The U.S. Department of Health and Human Services has already started sending subsidy notices to employers’ mailboxes. Now is a good time to ask yourself some simple questions to determine whether your company owes a penalty.
January 24, 2019 ・3 mins read
Affordable Care Act
ACA Fines Are on the Way. Here’s How You Can Prepare for Reporting Season
The IRS has released details regarding how penalties for noncompliance with the employer shared responsibility provisions of the Affordable Care Act (ACA) will be communicated. Although no penalties have been assessed to date, the fact that the IRS has now formalized this process is a tell-tale sign that penalty collection is on the way.
December 5, 2017 ・4 mins read
Affordable Care Act
Does my company need to offer dental coverage under the Affordable Care Act (ACA)?
January 9, 2017 ・2 mins read
Affordable Care Act
How Businesses Can Survive and Thrive as the Regulatory Environment Becomes more Complex
America’s small businesses are bearing over 36 percent more of the financial burden of regulatory compliance than their large counterparts. The regulatory environment that modern businesses face stymies both small business success and the economy.
September 11, 2016 ・4 mins read
Affordable Care Act
What Employers Can Learn from Dave & Buster’s About Affordable Care Act Compliance
With all the rules and potential penalties within the Affordable Care Act (ACA), it may be tempting to make some changes to business structure to avoid headaches or increased cost. Be aware that doing so may have greater consequences than intended. Keep reading for an example of a company’s attempts to navigate the regulations on their own.
June 13, 2016 ・5 mins read
Affordable Care Act
ACA Affordability Percentage and Calculations for 2020
For plan years starting in 2020, the affordability percentage is 9.78%
May 18, 2020 ・5 mins read
Affordable Care Act
SBA, ACA, IRS: What Qualifies as a Small Business?
Here are some of the most popular organizations’ definitions of “small business"
May 4, 2020 ・5 mins read
Affordable Care Act
The Path to Maintaining HR Compliance
Starting a business can be difficult. Growing one is even harder. Whether your company is big or small, a startup or mature, maintaining compliance in HR is critical to success.
November 14, 2019 ・7 mins read
Affordable Care Act
ACA Fact Sheet: Considerations for Small Employers
Because small employers are generally not subject to the ACA’s employer shared responsibility provisions and the associated tax penalties, many small companies do not think the ACA will impact them. However, ACA regulations broadly impact companies of all sizes and affect if and how they will offer minimum essential coverage to their employees.
January 25, 2019 ・6 mins read
Affordable Care Act
When it Comes to the Affordable Care Act, "6056" is a Four Letter Word
Most Applicable Large Employers (ALEs) didn’t anticipate the extent of the challenges they would face while completing the ACA Section 6056 Forms 1094-C and 1095-C for the first time this year. So what can you do to avoid 6056 headaches and frustration next year?
January 24, 2019 ・4 mins read
Affordable Care Act
Mental Health Parity: What Employers Need to Know
Mental health parity describes the equal treatment of mental health conditions and substance use disorders in insurance plans. It is important for business owners to be aware of laws around mental health parity to avoid contracting with an insurance carrier whose plan design does not meet the standard. True mental health parity may be a work in progress but as an employer, you can take steps to minimize the impact of mental health issues in the work environment.
January 24, 2019 ・4 mins read
Affordable Care Act
TriNet Makes the Affordable Care Act Easier to Swallow with Complimentary Food, Drinks and Expert Guidance!
For more than a year, Affordable Care Act (ACA) experts from TriNet have been traveling to cities across the country to bring vital information on the ACA to the businesses that need it. Dozens of business owners and managers attend these wildly popular two-hour events, which take place either over complimentary lunch or refreshments in every major market where TriNet operates. But what are these ACA Over Lunch and ACA Over Drinks events and why are they so important to business success?
January 24, 2019 ・4 mins read
Affordable Care Act
It’s Tax Season! Here is What Employers Need to Know About the IRS’s Affordable Care Act Reporting Requirements (with Deadlines)
In February 2015, the IRS issued final forms and instructions related to the Affordable Care Act (ACA). Back in December, 2015, the IRS issued a deadline extension for the new ACA reporting requirements. For tax year 2015, employers and insurance carriers are required to report medical coverage data under Internal Revenue Code sections 6056 and 6055.
Below is what you need to know to decide what you need to report and what form to use. The chart above is a handy reminder of the deadlines to file this paperwork.
Start by figuring out if your company is considered an applicable large employer (ALE)
An ALE is a company that employed 50 or more full-time employees, including full-time equivalent employees (FTEs), on average during the previous calendar year. Generally, a full-time employee is someone who works 30 or more hours a week, on average. Internal Revenue Code section 6056 applies to companies that meet the definition of an ALE, including companies that did not offer group medical coverage in 2015.
January 24, 2019 ・6 mins read
Affordable Care Act
Do You Owe an ACA Penalty? Here's How to Tell
The U.S. Department of Health and Human Services has already started sending subsidy notices to employers’ mailboxes. Now is a good time to ask yourself some simple questions to determine whether your company owes a penalty.
January 24, 2019 ・3 mins read
Affordable Care Act
Five HR Topics Businesses Should be Aware Of
Here are some of the most notable topics and issues we think your business should know about and our guidance on preparing for the effects they’ll have on your business.
June 7, 2018 ・11 mins read
Affordable Care Act
ACA Fines Are on the Way. Here’s How You Can Prepare for Reporting Season
The IRS has released details regarding how penalties for noncompliance with the employer shared responsibility provisions of the Affordable Care Act (ACA) will be communicated. Although no penalties have been assessed to date, the fact that the IRS has now formalized this process is a tell-tale sign that penalty collection is on the way.
December 5, 2017 ・4 mins read
Affordable Care Act
Struggling With HR? Here Are the Most Important HR Topics You Need to Juggle Right Now!
Most business owners realize, from the moment they hire their first employee, that human resources (HR) can be a tedious and time-consuming process. And the more employees you add to your team, the more work HR becomes. HR rules and regulations can differ tremendously by state or jurisdiction and, to make matters more complicated, these rules and regulations are constantly changing
September 26, 2017 ・5 mins read
Affordable Care Act
Does my company need to offer dental coverage under the Affordable Care Act (ACA)?
January 9, 2017 ・2 mins read
Affordable Care Act
SMBs in the Healthcare Industry: There is a New Affordable Care Act Requirement for Your Business
Companies that are primarily engaged in providing or administering health care services or coverage have one more Affordable Care Act (ACA) notice requirement to worry about. Effective October 16, 2016, healthcare companies must post a notice stating that they do not engage in discrimination that is prohibited by ACA Section 1557.
November 15, 2016 ・4 mins read
Affordable Care Act
How Businesses Can Survive and Thrive as the Regulatory Environment Becomes more Complex
America’s small businesses are bearing over 36 percent more of the financial burden of regulatory compliance than their large counterparts. The regulatory environment that modern businesses face stymies both small business success and the economy.
September 11, 2016 ・4 mins read
Affordable Care Act
Check Your Mailbox: ACA Subsidy Notices Are Coming Soon!
One provision of the Affordable Care Act (ACA) is employer shared responsibility, also known as “pay or play” penalties. Under this provision, if an applicable large employer (ALE) does not offer affordable health coverage providing minimum benefits to full-time employees and their dependents, the employer could be subject to a penalty. This penalty helps to offset the cost of the premium tax credit or any subsidies that employees who have coverage through the health insurance marketplace may have received.
July 15, 2016 ・5 mins read
Affordable Care Act
What Employers Can Learn from Dave & Buster’s About Affordable Care Act Compliance
With all the rules and potential penalties within the Affordable Care Act (ACA), it may be tempting to make some changes to business structure to avoid headaches or increased cost. Be aware that doing so may have greater consequences than intended. Keep reading for an example of a company’s attempts to navigate the regulations on their own.
June 13, 2016 ・5 mins read
Affordable Care Act
How Many Hours Can Seasonal Employees Work Before Needing Insurance Coverage?
Benefits advisor Bud Bowlin advises on the max hours seasonal employees can work before employers are legally required to offer insurance under the ACA.
May 13, 2016 ・3 mins read
