One year after President Trump took office vowing to repeal and replace the Affordable Care Act, the law still stands.
Yet many people assume it has been repealed, even though the requirement for an employer to offer health care coverage to full-time employees is still in effect.
While changing the health insurance system doesn’t seem to be a legislative priority this year, you still need to keep a close eye on the ACA and the challenges it faces.
Unfortunately, understanding the ACA is perhaps even more difficult now than a year ago.
Here’s what we’ve learned about how to cut through all the tweets, votes, and proposed changes and figure out what your organization is actually responsible for this year. Follow these five lessons learned as a guide for watching the next 12 months of the ACA.
Yes, ACA reporting is still on for 2017.
If you were doubting that 12 months ago, or even six months ago, we can’t blame you. This time last year, health care reform efforts in Congress seemed poised to change how employers’ reporting and compliance requirements worked. President Trump signed a number of executive orders in the following months, attempting to dismantle various provisions of the ACA.
But, as far as employers are concerned, nothing is different this year, and the deadlines are approaching.
Last year we wrote about what we learned from the 2016 ACA e-filing process, the first year employers had to report. It was tricky, error-prone, and buggy, but we got through it.
With another year gone and the ACA still intact, another round of reporting is upon us, which means many employers are once again scrambling to prepare. With more than 2 million ACA forms filed, we’ve learned a thing or two about ACA compliance.
The Affordable Care Act (ACA) is already a brain-twister. Throw in employees that work at multiple locations, and a headache isn’t just a possibility—it’s a near certainty.
Health care compliance involves a lot of moving parts: Insurance companies, the IRS, HR, benefits brokers, software compliance companies, employers themselves…. The list can seem endless.