United Benefit Advisors Insight and Analysis Blog

Affordable Care Act Information Returns

Posted by: Danielle Capilla    Sep 15, 2015 8:38:15 PM

Under the Patient Protection and Affordable Care Act (ACA), individuals are required to have health insurance while applicable large employers (ALEs) are required to offer health benefits to their full-time employees. In order for the Internal Revenue Service (IRS) to verify that (1) individuals have the required minimum essential coverage, (2) individuals who request premium tax credits are entitled to them, and (3) ALEs are meeting their shared responsibility (play or pay) obligations, employers with 50 or more full-time or full-time equivalent employees and insurers will be required to report on the health coverage they offer. (If ALEs are not offering coverage, they will have to report on that, too).

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Topics: ACA, Danielle Capilla, employer-shared responsibility reporting, Affordable Care Act Information Returns, applicable large employers, ACA Section 6055, ACA Section 6056

ACA’S ALE AIR – A Case for Outsourcing

Posted by: Jennifer Stanley    Jul 28, 2015 12:00:00 PM

The Affordable Care Act's Employer-Shared Responsibility (ESR), otherwise known as Play or Pay, is here! Not only are employers struggling to apply the once-abstract-but-now-actual complex and convoluted rules and regulations, employers are facing yet another hurdle – Affordable Care Act (ACA) Information Returns (AIR).

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Topics: ACA, Jennifer Kupper, iaCONSULTING, Play or Pay, employer-shared responsibility reporting, Affordable Care Act, Affordable Care Act Information Returns

Mid-Size Employers and Transition Relief: How to Delay Offering Health Benefits until January 2016

Posted by: Danielle Capilla    Jul 2, 2015 12:00:00 PM

The employer shared responsibility (i.e., "play or pay") requirements went into effect in 2015 for large employers only (those with 100 or more full-time or full-time-equivalent employees). Even though they generally will not be liable for penalties until 2016, mid-size employers (employers with 50 to 99 full-time or full-time-equivalent employees) will need to report on the coverage they offered for 2015, so long as they meet the maintenance requirements for transition relief. To avoid penalties – beginning in 2015 for large employers, and in 2016 for eligible mid-size employers – employers must offer health benefits to employees who work an average of 30 or more hours per week, or 130 hours per month.

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Topics: PPACA Affordable Care Act, health benefits, Play or Pay, United Benefit Adivsors, Danielle Capilla, employer-shared responsibility reporting, transition relief

Employers Procrastinating?

Posted by: Peter Freska    Jun 18, 2015 12:00:00 PM

Employee Benefit News published an article titled, “Employers procrastinating on ACA recordkeeping compliance.” It is an interesting read, as it refers to a recent survey by PricewaterhouseCoopers in which “Only 10% of some 480 employers in 36 industries responding to a recent poll have implemented an in-house or outsourced solution to comply with Affordable Care Act reporting requirements.” This is an alarming number, as employers may be subject to significant penalties for non-compliance.

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Topics: PPACA, UBA Partner Firms, PPACA Affordable Care Act, PPACA reporting, employer-shared responsibility reporting, The LBL Group