Expert Q&A on Top ACA Compliance Issues Facing Employers in 2015

December 19, 2014

Practical Law logo newWith 2015 just around the corner, employers are facing a new wave of requirements under the Patient Protection and Affordable Care Act (PPACA), as amended by the Health Care and Education Reconciliation Act of 2010 (HCERA) (collectively, the Affordable Care Act (ACA)). These requirements include the “employer mandate” and additional reporting requirements under Sections 6055 and 6056 of the Internal Revenue Code.

Among other ACA provisions, the employer mandate and upcoming reporting requirements are raising unique challenges. The employer mandate requires applicable large employers (ALEs), which are, generally, employers with 50 or more “full-time” employees (the rules count employees of related entities and have formulas for aggregating part-time employees into full-time equivalents), to offer coverage to full-time employees and dependents (other than spouses). Failure to satisfy the employer mandate can result in penalties if a full-time employee receives government premium assistance through the marketplace (federal or state exchanges). Additionally, beginning in 2015, the ACA imposes new reporting requirements that will assist the Treasury Department in enforcing the employer and individual mandates.

Learn more from the experts at Expert Q&A on Top ACA Compliance Issues Facing Employers in 2015.