ACA Reporting

BenefitsPRO Broker Expo 2017: The industry isn’t changing, and that’s a big deal

Earlier this month, SyncStream attended the BenefitsPRO Broker Expo, where benefits professionals discussed the state of the industry, the confusion surrounding health care, and the future of benefits technology. We didn’t hear about or see a lot of changes, but that’s actually a surprise in itself, considering the continuing push for health care reform. 

The lack of change was actually a good indicator that benefits providers should expect certain trends to continue, from opinions on health care compliance to the value of technology. Here’s what we took away from the BenefitsPRO Broker Expo.

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Receipt IDs: The golden tickets of ACA compliance

Last year’s ACA e-filing process was messy, confusing, and drawn out—and, this year may be more of the same.

While Republicans’ proposed replacement plan called into question the future of the ACA employer mandate, it never reached a vote. Until otherwise directed, you need to get your ACA filing done on time, and you need to receive your e-filing golden ticket—your receipt ID—to prove that you’ve successfully completed the process. While that sounds simple, the path there can be complicated. Last year we heard many of the same questions from employers about how the receipt ID works. To save you some confusion, we’ve compiled a list of the most common questions to help you better understand this golden ticket of e-filing.

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1095-C FAQ: What employees want to know

It’s tax season again, which means a lot of paperwork, number crunching, and confusion.

For the second year, this includes the reporting employers submit about their health care plans, beginning with the distribution of the ever-confusing 1095-C. While employers have their own set of questions regarding the 1095-C, employees may not understand what their role is when it comes to reporting.

Here are some common questions that employees may ask about handling the 1095-C and how you can answer them.

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The intelligent solution to ACA filing

The filing requirements for the Affordable Care Act (ACA) are far more convoluted than they first appear. While the simple instruction “file” doesn’t ring any immediate warning bells, the process can be long, confusing, and just shy of impossible to do correctly.

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Big business, big problems: 3 ways to ensure you’re compliance-ready

Compliance is never easy. Whether your business is small or large, the process takes time, careful consideration, and exceptional organization. Whether you’re working with the Affordable Care Act (ACA), EEO-1 reporting, or some other requirement specific to your industry, compliance can complicate your life. 

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IRS extends 1095 furnishing deadline and good faith effort standard

On Friday, Nov. 18, the IRS released Notice 2016-70, which automatically extends the deadline for 1095 employee fulfillment by 30 days, and also reinstitutes the “good faith effort” standard that applied last year. Though this announcement essentially extends the same benefits employers were granted last year, the extension is shorter and does not apply to the filing deadlines.

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