Are You Compliant with the Affordable Care Act (ACA) Rules?
Updated: Mar 17, 2021
We have reminded our clients that managing Affordable Care Act (ACA) compliance is a complex process, and the IRS penalty risks are incredibly high. Accurate identification of eligible employees who should receive health insurance under the ACA and tracking corresponding coverage are among them. We expect increased enforcement of full compliance under the law with the Biden administration as it aligns itself closely with the Obama administration that implemented ACA.
The Federal Department of Labor (DOL) released a list of the increases applied to various violations for 2021. We strongly advise diligence going forward to avoid significant financial damage to your business.
We are here to help, so please call if you feel you may not comply with your benefits programs or have questions.