Health Efx Discusses What the Supreme Court’s Affordable Care Act Ruling Means for U.S. Employers
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Brown; whose company Health E(fx) works with large employers, third-party administrators, and HR Outsourcing organizations across the country delivering robust solutions that provide ACA compliance; goes on to say that the last week's ruling is consistent with
The ACA requirement that employers track employees and their dependents with respect to their health coverage on a monthly basis became effective earlier this year on
"Employers who have been managing the ACA's reporting requirements throughout the year are tracking and managing their employees' full-time, eligibility determination," said Brown. "Additionally, they are also handling the required data aggregation, any erroneous data clean up, meeting
As data is critical to reporting, Health E(fx) advises that employers who have not yet started or are just beginning this process to work quickly and prepare their 2015 data.
Commented Brown, "With a full year's worth of monthly data needed for accurate reporting in 2016, complacency can put an employer at significant risk for reporting penalties and underlying ACA excise taxes."
While there is sure to be continued discussion around the ACA and the high court's King vs. Burwell decision, ignoring the inevitable reporting and compliance that the act requires may be a risk for any organization. Health E(fx) provides clients with the expertise, analysis, critical tools, data, and capabilities needed for the complex ACA tracking, audit, reporting and management requirements. About Health E(fx) Solutions.Health E(fx) is a recognized leader of ACA compliance and management solutions for Employers, Third Party Administrators, and HR Solution Outsourcing. Health E(fx) manages ACA compliance and reporting for over 3.2 million employees across a variety of industries including retail, hospitality, education, staffing and temporary services, manufacturing, transportation, health services, grocery, and large food services companies. Named 'Top HR Product of 2014', by
Keywords for this news article include: Health Efx, Food Service, Health E(fx), Legal Issues, Affordable Care Act.
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