The Affordable Care Act (ACA) caused a mild earthquake in the American economy, shaking up industries across the board. While insurance companies and hospitals felt the tremors, some of the largest changes brought on by this regulation hit other organizations typically behind the scenes. One of them is payroll providers.
Health care reform has been a continually changing and evolving animal since the passage of the Affordable Care Act (ACA) in 2010, and health care was set to transform yet again. Many Republicans as well as President Trump had promised to repeal and replace the ACA, but they were ultimately unsuccessful.
The ACA weathered the congressional storm, and employers must comply with the ACA for 2017.
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.
After all the ups and downs faced by the Affordable Care Act (ACA), it’s likely your health care data took a back seat to other concerns for the first eight months of the year.
Although the Affordable Care Act (ACA) streamlined some of the regulations surrounding health care in America, there are still many ways to get insurance. You can go through your employer, the individual market, an association plan, or even a union, if you belong to one.
The U.S. travel industry is a multi-billion dollar industry, and every summer hotel, restaurant, and other hospitality business owners hire thousands of seasonal workers to accommodate increased demand.
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.
In 2016, ACA reporting was brand new. Companies had little idea of how the IRS would run the e-filing process, how to complete the forms involved, and how to navigate the e-filing website.