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IRS Audit – Is Your Business ACA Compliant?

Henry Ford once said, “quality means doing it right when no one is looking.” The same applies for your business in matters of compliance. With the IRS beginning audits of Applicable Large Employers (ALEs), and reporting penalties in the millions, it is important to understand the facts and next steps.

Letter 226J

This letter is being sent out to ALEs that the IRS believes were not in compliance with the Affordable Care Act (ACA). It addresses penalties associated with forms filed in 2015. These penalties are also known as Employer-Shared Responsibility Payments (ESRPs) or the “pay or play” penalties. While a…

What Changes to Obamacare Could Mean for Employee Benefits

In the midst of the national debate surrounding what will happen next with the proposed replacement of the Affordable Care Act (ACA), there are some key trends that have emerged regarding the options and strategies that all employers face at benefits renewal time each year.

As the benefits industry braces itself for inevitable changes, there is certainly a feeling of uncertainty. Employers and advisors who embrace change and have strategies that incorporate these emerging trends will be prepared regardless of what happens next. Any employer offering health benefits plans should be aware of these key topics:

American Health Care Act: The…

Healthcare Reform – Where Do We Go Next?

As a benefits consultant who has worked in the health insurance industry for more than twenty years, representing dozens of companies of all sizes, the discussion about what is next for healthcare reform both frustrates and intrigues me. We have an opportunity to make meaningful, cost-effective changes that are needed for all Americans, regardless of affiliations or preferences.

Here’s what we know. Under the Affordable Care Act (ACA), Americans have struggled to afford their health care costs, access insurance that meets their needs, and see the doctor they know and like. Insurance premiums have risen 65% since 2010 and insurers…

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