by Penny C. Wofford, Esq., Ogletree Deakins
More 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 impactingsince 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)