ACA compliance: Why your 2015 strategy won’t work and what to do in 2016

Out with the old 70% compliance threshold, and in with the new 95% compliance threshold. This year employers have much less room for error when it comes to calculating eligibility, offering benefits, and remaining compliant with the Affordable Care Act (ACA) regulations. Looking forward, the 95% compliance threshold is officially in effect, and many employers [Read More…]

Subsidy Notifications and Appeals: Guide for Employers

Over the last several years, the ever-evolving regulatory landscape has been like an American Ninja Warrior challenge for employers.  It has been one obstacle after another.  And the next compliance obstacle that employers face is managing subsidy notifications and appeals. Employers need to have their game-face on and be prepared to handle the flood of [Read More…]

White Paper – Managing Compliance with the ACA

Ventana Research White Paper:  Managing Compliance with the Affordable Care Act There is no doubt that the ACA was the catalyst for the change in how employers are managing regulatory compliance through technology. A new report from Ventana Research discusses how the choice of technology used to help manage ACA compliance can make a difference and [Read More…]

The Road to 95%: Mastering ACA Compliance in 2016 and Beyond

As we enter the second half of 2016, the first round of ACA reporting is finally in the rearview mirror. Looking forward, the 95% compliance threshold is officially in effect, and many employers are anxious to understand the compliance requirements and steps they can take to minimize risk and avoid penalties. Gone are the days when extensions [Read More…]

Political and Social Landscape Make Repeal of ACA Unlikely

Equifax understands that many employers are left feeling uncertain on how to best approach ACA compliance with the election around the corner and with the mention of a repeal.  So we’ve invited, Tom Dowling, Partner in the Stinson Leonard Street’s Employee Benefits Group to provide his insight into what the election could mean for employers [Read More…]

ACA Compliance in the M&A Environment

There is no shortage of ways that the Affordable Care Act (ACA) has impacted the legal landscape for employers of all sizes.  ACA compliance is riddled with possible penalties and warrants an even greater consideration for organizations involved in or that are considering a merger or an acquisition (M&A).  Why? When it comes to complying [Read More…]

What’s Next for ACA: Subsidy Notifications and Appeals

With 1095s out the door, the next Affordable Care Act (ACA) compliance hurdle employers face is managing subsidy notifications and appeals. Because subsidies, also referred to as Advanced Premium Tax Credits, are the trigger for penalties, it’s important to be prepared to handle the flood of notifications that the Exchanges are expected to send in [Read More…]

New IRS Guidance Extends ACA Reporting Deadlines

On December 28, 2015 the Internal Revenue Service (IRS) extended the due dates for the 2015 information reporting requirements for insurers, self-insuring employers, and certain providers for minimal essential coverage under section 6055 of the Internal Revenue Code and the information reporting requirements for applicable large employers under 6056 of the code. This 2-month extension [Read More…]

Resources to Help Employees Navigate the Form 1095

  Because this is the first year that many employees will receive a 1095-C as a result of the Affordable Care Act (ACA), it is important to provide education about the new tax form. Equifax has created a guide full of resources to help employers prepare employees for the 1095 and answer some of their most [Read More…]

Best Practices for Navigating ACA Reporting

ACA Webinar Series:  Best Practices for Navigating ACA Reporting Prepare.  Communicate. File. With Affordable Care Act reporting deadlines looming, many employers are not only scrambling to prepare IRS Forms 1094 and 1095, but also to educate employees about the new tax forms they’ll receive for the 2015 tax year on or before March 31. Because [Read More…]