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Payroll and ACA Compliance

Posted on 03/06/2015

Affordable Care Act (ACA) compliance can feel very overwhelming, between making sure all of your eligible employees are covered by the health insurance your company offers and reporting that information to the IRS. Employers who are subject to ACA requirements need a total workforce management strategy that allows them to manage all of their ACA compliance tasks.  

Your current payroll provider should be offering you reporting solutions to help with this burden.  There are several reports that in this new ACA environment are a must have as your staff approached the large employer status (over 50 full time employees)

These include: 

ACA Affordable Coverage Determination Report - Enables employer to determine whether minimum essential coverage is affordable for each full-time employee, based on the currently prescribed safe harbor methods. Failure to provide affordable coverage could result in an Assessable Payment (for example, Play or Pay penalty).

ACA Full Time Look-Back Report - Enables employer to manage full-time status of workforce in accordance with the ACA’s standard of 30 hours per week. This impacts the ACA rules on waiting periods, eligibility for minimum essential coverage and Assessable Payments (i.e., Play or Pay penalty).

ACA Large Employer Compliance Test - Enables employer to determine if it is an Applicable Large Employer under the ACA for purposes of whether the Employer Shared Responsibility rules (e.g., Play or Pay) apply.

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