Companies that meet the requirements for the Affordable Care Act (ACA) must generate an ACA annual report to prove their compliance. The ACA reporting guidelines can be confusing, and many companies look for a trusted partner to help them navigate the forms and deadlines.
SyncStream has the software solutions and an expert team that is knowledgeable and experienced to identify which of our solutions fit your needs. We will guide you through your compliance process in order to meet the IRS reporting deadlines.
A penalty of $2,750 (for 2022) per full-time employee minus the first 30 will be incurred if the employer fails to offer minimum essential coverage to 95 percent of its full-time employees and their dependents, and any full-time employee obtains coverage on the exchange.
For example:
If a business with 150 employees has one full-time employee who buys tax-subsidized health insurance through the marketplace exchange, the employer's penalty in 2022 will be $330,000.
Lisa Gibson | Core Benefits Inc.
Employees Tracked
Mitigated Penalties
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