5 years in, what’s ahead for Affordable Care Act compliance? — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

5 years in, what’s ahead for Affordable Care Act compliance?

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in Centerpiece,Compensation and Benefits,Human Resources

by Penny C. Wofford, Esq., Ogletree Deakins

benefitsMore than five years after its enactment, the Affordable Care Act (ACA) continues to be one of the top concerns for employers, and rightly so: The ACA is one of the most comprehensive laws impacting employee benefits since the Employee Retirement Income Security Act of 1974. 

Phased implementation of the ACA requirements has kept employers consistently busy over the past few years, but there is still more to come. Throughout the end of 2015 and into the first half of 2016, employers will continue to focus on the employer shared responsibility provisions of the ACA, tackle the new reporting requirements (not an easy feat, to say the least), and begin planning for the “Cadillac” plan tax.

Here is your “simplified” cheat sheet and some tips for what’s ahead.

Employer shared responsibility

Employers with 100 full-time equivalent employees or more are subject to employer shared responsi...(register to read more)

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{ 2 comments… read them below or add one }

Kathleen Giustino November 30, 2015 at 11:09 am

What are the employer responsibility for employee benefits for companies with less that 50 employees? What is the minimum essential coverage small companies must provide?

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LB November 30, 2015 at 5:23 pm

An employer with less than 50 full time equivalent employees is not yet required to provide benefits.

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