What factors are involved with ACA compliance?
The Employer Shared Responsibility provisions of the Affordable Care Act (ACA) require Applicable Large Employers (those with 50 or more full-time employees during the previous calendar year) to offer healthcare coverage to eligible employees.
The Employer Shared Responsibility provisions of the Affordable Care Act (ACA) require Applicable Large Employers (those with 50 or more full-time employees during the previous calendar year) to offer healthcare coverage to eligible employees.
Relevant Factors
- Calculating the number employees
- Which employers are considered ALEs by the ACA
- Tracking the availability, affordability, benefits, and use of offered coverage
- How and when to file forms with the IRS and provide statements to employee’s
- How Zenefits helps employers stay compliant
Conclusion
Companies of 50 or more employees are likely to be required to offer a health care plan to full-time employees. Be sure to have your HR or legal team make sure that your health care plan offering is in compliance with standards set by the ACA.
