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4 factors that make ACA reporting a nightmare for health care organizations

Regulatory compliance costs the health care industry upwards of $200 billion annually, according to a recent report from the American Hospital Association. With most health care compliance issues related to patient safety, privacy of patient information, and billing practices, Affordable Care Act (ACA) compliance and reporting may not be top of mind. 

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Why the hospitality industry struggles with ACA compliance

If you’re in charge of a hotel, restaurant, casino, spa, or other hospitality business, congratulations! You have even more challenges, and more to lose, when it comes to Affordable Care Act (ACA) compliance.

ACA compliance can be a hair-pulling slog for applicable large employers (ALEs), a category many hospitality businesses fall under. If you’re part of this group, you already know you have to offer affordable, minimum-value coverage to full-time employees (those who work at least 30 hours per week).

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ACA penalties are real: What to do if you receive IRS Letter 226J

It may be 2018, but 2015 is still top of mind – at least in terms of Affordable Care Act (ACA) reporting.

The IRS has been sending penalty letters to applicable large employers (ALEs) that may be liable for employer shared responsibility payments (ESRPs) from 2015 under the ACA.

This is the first year the IRS is sending Letter 226-J to employers, so there are bound to be questions. We’re here to help explain what the letter means and what you can do to avoid paying expensive fines.

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What’s a 1095-C? How to answer employees’ tax season questions.

It’s that time again – tax season. For employers, the first quarter of the year brings about more reporting, filing, calculations, and more often than not, questions from employees about their tax requirements and paperwork.

While the Affordable Care Act’s (ACA) individual mandate was repealed as part of the GOP tax bill, the employer mandate is still in place. This means tax season will again require employers to report on their health care plans, starting with the distribution of the ever-confusing 1095-C to employees.

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How to ace your 2017 ACA reporting and prepare for the future

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.

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3 lessons learned about ACA compliance from filing 2M 1095-Cs

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. 

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