2016 ACA Compliance Checklist

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This is the year that the rubber really hits the road for employers with 50 or more full-time workers. The Affordable Care Act employer mandate for organizations with 50 to 99 employees takes effect this year, meaning that if you haven’t been offering your staff coverage before, you are now required to do so. There are also new reporting requirements for employers both in terms of submitting documents to the Internal Revenue Service as well as to your employees. As the New Year gets underway, read this refresher so you don’t miss a beat and expose your business to penalties….
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ACA Spurs Benefits Rethink among Employers

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Expected cost increases stemming from the Affordable Care Act are spurring employers to consider new approaches to benefits funding and administration. The increasingly complex benefits environment is also making employers rethink their benefits strategies, which may allow them to take advantage of new opportunities for benefits communication, funding and administration, according to the “Guardian Workplace Benefits Study,” released in August. Although many employers in the study emphasized the need for cost control, they also expressed a growing interest in raising their employees’ financial security and satisfaction with provided benefits. Only three in 10 workers surveyed said they felt financially secure….
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Want to Reimburse Your Staff for Health Premiums? A $36,500 per-employee Fine Lurks

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By now, most business owners know about the yearly $2,000 per-employee fine they would face for not securing health coverage for their employees under the Affordable Care Act. But there is even a larger fine that threatens under recent regulations issued by the IRS – and it’s not for failing to secure coverage. It’s for helping them secure coverage from a public exchange or open private market. And it applies to ALL employers, even those that are small enough to not be required to provide insurance for their full-time employees under the ACA’s employer mandate. The fine? Up to $36,500…
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