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 notifications that the Exchanges have already started sending. Because subsidies, also referred to as Advanced Premium Tax Credits, are the trigger for penalties. If you fail to provide minimum essential coverage that meets both the affordability and minimum value requirements and just one employee receives a subsidy, you may be on the hook for a fine.
In preparation for the challenge, employers must be prepared to manage their subsidy notifications, including interacting with exchanges, determining whether or not to appeal, and meeting documentation requirements. Employers can start their training by downloading our guide to learn more about subsidies and their impact on both employees and employers. Here employers will learn the answers to some of the most common questions like:
- What is a subsidy?
- Who should or should not get one?
- How and when should I appeal a subsidy?
- How does the subsidy process work?
Download the Subsidy Guide for Employers
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