PeopleKeep

OCTOBER 25, 2022

One requirement ALEs must follow is the affordability requirement that ensures your employer-sponsored coverage is affordable to your full-time employees. In this article, we’ll review what the affordability calculation is for 2023 and what your options are if you’re found with an unaffordable plan.

Compliance Training 98

Compliance Training Groups How To 98

PeopleKeep

NOVEMBER 19, 2020

In September, PeopleKeep launched a new online tool to help employers easily compare the cost of an individual coverage HRA (ICHRA) to the cost of their current group health insurance plan (or quote).

Planning Tools 52

Planning Tools Compliance Training Tools Groups 52

Personnel Data Systems

MARCH 26, 2021

If you are considering offering your employees an Individual Coverage HRA (ICHRA) to fulfill the Affordable Care Act (ACA) employer healthcare mandate, know that Vista manages this very easily, with minimal changes to your plan setup and day-to-day operations. So, you would set up a fringe calculation for an ICHRA.

Payroll 99

Payroll Data 99

PeopleKeep

SEPTEMBER 29, 2020

This rule created a new HRA called the Individual Coverage HRA (ICHRA) and clarified proposed rules about calculating the affordability of an ICHRA allowance. In June of 2019, the federal government released a final ruling regarding the offering of HRAs in 2020.

80

80

PeopleKeep

DECEMBER 13, 2021

The Affordable Care Act’s (ACAs) employer mandate defines applicable large employers (ALEs) as companies with 50 or more full-time equivalent (FTE) employees. ALEs must offer minimum essential coverage (MEC) to at least 95% of their FTEs and ensure coverage is affordable. But just how is ACA affordability calculated?

Company 52

Company ATS Compliance 52

PeopleKeep

SEPTEMBER 26, 2019

This rule created a new HRA called the Individual Coverage HRA (ICHRA) and clarified proposed rules about calculating the affordability of an ICHRA allowance. In June of 2019, the federal government released a final ruling regarding the offering of HRAs in 2020.

40

40

PeopleKeep

OCTOBER 4, 2019

The Affordable Care Act’s employer shared responsibility provision designates employers with an average of 50 or more full-time equivalent employees during the prior calendar year as applicable large employers, or ALEs. They're also required to provide coverage that’s affordable and provides minimum value to all full-time employees.

Company 40

Company ATS Compliance 40