Studies have shown that small employers are the least likely to understand the ACA and their coverage options. Below are the top 10 questions and answers small employers have regarding the Affordable Care Act. What is the classification of a “small employer”? The Affordable Care Act classifies a small employer as those organizations with less…
Many businesses have hired seasonal employees to help balance out their busy summer season. Business owners need to be aware of how the seasonal help can affect their employment numbers for the Affordable Care Act (ACA). Basic Requirements of the Affordable Care Act As a refresher, an applicable large employer is defined by the ACA as…
New publications from the IRS help educate individuals and families about the Affordable Care Act. Employers, tax professionals, health care professionals, and other trusted advisors should share the following newly-released materials: Publication 5152 (Flyer) – Report changes to the Marketplace as they happen. Reporting changes in circumstances will allow the Marketplace to adjust advance credit payments.…
Workers eligible for COBRA continuation coverage when leaving a job may now choose to purchase coverage through the Affordable Care Act’s (ACA) Health Insurance Marketplace. To ensure workers are aware of these changes, the Department of Labor (DOL) has released new forms with updated language. The Department of Health and Human Services (HHS) was concerned…
Additional changes and delays in the Employer Shared Responsibility provisions under the Affordable Care Act were announced yesterday. Staying in compliance and keeping up to date on changes in payroll, taxes, and human resources has always been a challenge for small businesses. Adding new complexities like the Employer Shared Responsibility certainly make it easier for payroll…
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