ACA Compliance Challenges for Employers

October 9, 2015

ACA compliance

 

 

Discussing aspects of the Affordable Care Act (ACA) without mentioning partisan politics seems a little like talking about guacamole without bringing up avocados.  However, we’ll do our best to stay politically neutral here while focusing on matters of compliance, tracking, reporting, filing and related issues. Provisions of the ACA have been altered or delayed since the bill was signed into law in 2010, and there are ongoing challenges in Congress and federal courts, including the pending King v. Burwell Supreme Court case. Whatever the
results of these legislative actions, judicial rulings and executive decisions, individuals and employers cannot afford to wait to begin complying with the reporting and filing requirements the IRS administers and enforces.

The Supreme Court’s 2012 ruling in the National Federation of Independent Business v. Sebelius case upheld the constitutionality of the ACA’s individual mandate as an exercise of the taxing power of Congress. Thus, two vital components of the ACA—the individual and employer mandates—now require all who are not exempt to procure or provide health insurance that meets certain standards or face potential penalties called shared responsibility
payments.

Continue reading the full article on shared responsibility: ACA Compliance for Employers

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