by Editor | Aug 8, 2016 | ACA Reporting Services
Most industry insiders did not expect Aetna to pour cold water on Obamacare. Industry and regulatory fixes to the ACA marketplaces appear inevitable as impatience and losses escalate. Aetna soured on its ACA business after claims data showed higher use of pricey...
by Editor | Jul 20, 2016 | ACA Reporting Services
President Obama writes that the Affordable Care Act is the most important health legislation since the creation of Medicare and Medicaid in 1965. Writing as Barack Obama, J.D., in the Journal of the American Medical Association, the president lauded the health-care...
by Editor | Jul 15, 2016 | ACA Reporting Services
Following the ACA Procedures as defined in the law. The last error is the simplest to correct. Know the procedures and follow the procedures as identified in the ACA. We have heard of several situations where an employer has all of the proper procedures and policies...
by Editor | Jul 14, 2016 | ACA Reporting Services
Errors in Reporting on Forms 1094-C and Form 1095-C There are 200 potential code combinations for line 14, 15, and 16. However, of the 200 potential code combinations only 49 are theoretically possible. The Form 1094-C and Form 1095-C tell the IRS a story which will...
by Editor | Jul 13, 2016 | ACA Reporting Services
Documenting an Offer of Coverage Despite the lack of guidance from the government, the offer of coverage is one of the most important aspects of ACA compliance. A quality offer of coverage will explain the product being offered including the price of each coverage...
by Editor | Jul 12, 2016 | ACA Reporting Services
Adopting ACA Compliant Policies Perhaps the easiest ACA provision to neglect is Documentation. Utilizing available ACA provisions, requires documentation. At a minimum, an Employer should have four policies in place including a policy explaining its look back...
by Editor | Jul 11, 2016 | ACA Reporting Services
Employee Classification based on Measurement Method Perhaps the most important step for any employer who has adopted the look back measurement method is the initial step of classifying an employee. If an employer misclassifies its employees, it could lead to a penalty...
by Editor | Jun 27, 2016 | ACA Reporting Services
At the beginning of each calendar year all employers who are considered “Applicable Large Employers” (“ALE”) under the Affordable Care Act (“ACA”) Employer Mandate Regulations will be required to file with the Internal Revenue Service (“IRS”) annual information...
by Editor | Jun 27, 2016 | ACA Reporting Services
This is the first year businesses with 50 to 99 full-time employees are required to offer specifically outlined health care coverage, and poorly defined reporting requirements are leaving employers bewildered. Companies are finding it hard to gather required employee...
by Editor | Jun 21, 2016 | ACA Reporting Services
FACT: A local TPA firm, Healthcare Compliance Inc, has stated that Employers, on average, could have saved $49,000 utilizing existing ACA provisions, had they received accurate and complete ACA advice. ** The Affordable Care Act (ACA) provides many tools that can...
