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Trump as president-elect: What this means for ACA compliance

After a long election cycle and a seemingly longer night, the country finally has a President-elect. On Jan. 20, Donald Trump will assume the role of commander in chief, and if he holds true to his campaign promises, the Affordable Care Act will be one of the first concerns he addresses.

For those who have been waiting for the repeal of the Affordable Care Act since its inception, it’s still too early to celebrate—and definitely too early to put aside your 1095-Cs for the 2016 reporting season.

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ACA and full-time equivalency: What it really means

“Full-time employees.” The concept seems simple enough, but nothing ever is with the ACA. The forms are unclear, meticulous tracking of employee hours of service is often required, and tracking methods are complex.

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An easier way to ensure ACA compliance

“Affordable Care Act reporting and compliance” is not a fun phrase to hear. While the forms look easy, proper reporting remains a mystery to many, and a frustration for everyone else. This isn’t surprising, considering the process is only a year old, and last year the IRS granted leniency by allowing employers to simply make a ‘good faith effort.’

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Target Corporation ACA Planning

As companies around the country conduct their own impact analysis and model various scenarios, we see them continuing to define and outline their Affordable Care Act strategy and announce aspects of their plan. Target has become the most recent addition to the list but certainly not the last. 

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UPS to Cut Spousal Coverage

UPS recently sent a memo to their employees informing them that they will be cutting spousal coverage. They cite the Affordable Care Act as the impetus for change in their coverage. This is largely related to the “Play or Pay” tax of the law. Under the “Play or Pay” tax, employers are required to offer coverage to at least 95% of their full-time employees and their dependents. Detailed regulations clarify that “dependents” means children only, and does not include spouses. This means that as long as employers offer an employee-only plan and an employee plus children plan, they would be in compliance with the regulations, and thus avoid tax liability. This is one strategy that an employer can take to comply with regulations, but also cut costs. It will be interesting to see if UPS’s major competitors will follow suit. I believe that we will see trends start to break out by industry when it comes to new coverage options. This is just a sign of what’s to come, so keep your eyes open!

The SHOP Marketplace delay

Several weeks ago the Obama administration announced that they would be delaying online enrollments for the SHOP exchange, where small businesses can come and purchase coverage.

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