No one expects compliance to be without its hiccups, but the Affordable Care Act (ACA) tends to be sneakily difficult. Take, for example, the following idea:
“Under the Affordable Care Act, applicable large employers are required to offer affordable health insurance to their employees. An applicable large employer is a business with over 50 ACA full-time employees.”
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.
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.
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.
Under the Affordable Care Act, health care is supposed to be … well, affordable. The language sounds simple, but like most aspects of the ACA, there’s more to it beneath the surface.