ACA Times

These Industries are Most at Risk for ACA Penalties From the IRS

ACA Times

The home healthcare, staffing, restaurant, and construction industries are under fire from the IRS for failing to comply with the ACA. Organizations within these industries have been shocked to receive….

Get to Know the ACA’s Rule of Parity

ACA Times

3 minute read. Without the proper tools or subject matter expertise, tackling the responsibilities of the Affordable Care Act’s Employer Mandate on your own can be overwhelming. .

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Workforce Changes Now Will Affect ACA Reporting Later

ACA Times

3 minute read: Several weeks into quarantine and social distancing, many are wondering when the country will reopen. As of April 20, 42 states had placed shelter in place orders. Roughly 316 million Americans are being affected by the orders and many of those are experiencing a varying degree of change regarding their employment status. While some states have begun to lift those restrictions, the process of rebuilding the economy will be long and arduous.

Wage Fixing Indictment Has Implications for Employers

ACA Times

3 minute read: A recent federal wage-fixing indictment against the former owner of a health care staffing company indicates that the Department of Justice’s Antitrust Division is taking a closer look at the competition in labor markets.

The HR Playbook: How to Decrease Costs & Increase Engagement

Learn how to reduce costs while simultaneously increasing employee morale.

Upcoming ACA Open Enrollment Shaping Up To Be Strongest Yet

ACA Times

ACA open enrollment for the 2023 plan year is just over a month away, and this time, individuals may have more options and a better experience than years prior. The post Upcoming ACA Open Enrollment Shaping Up To Be Strongest Yet first appeared on The ACA Times.

These Industries are Most at Risk for ACA Penalties From the IRS

ACA Times

The home healthcare, staffing, restaurant, and construction industries are under fire from the IRS for failing to comply with the Affordable Care Act. Companies within these industries have been shocked….

Workforce Management, ACA Compliance and the COVID-19 Pandemic

ACA Times

13 minute read: Compliance with the various employer provisions of the Affordable Care Act (ACA) can be complicated under normal employment conditions. As employers face the incredibly difficult business climate created by the COVID-19 Pandemic and use the various workforce management tools at their disposal to keep their businesses alive during this crisis, it is important to understand how this may affect your current and ongoing ACA compliance.

Challenges in ACA Compliance during the Covid-19 Pandemic

ACA Times

3 minute read: As businesses across the country shutter their doors, reduce their hours and move to remote working to comply with various state or local stay at home orders to combat the spread of the COVID-19 Pandemic, employers are assessing their options for workforce management. This includes considering furloughs, leave policies, terminations and more.

Returning to Work: Rehiring Employees After COVID-19 and the Impact on ACA Compliance

ACA Times

4 minute read: As states begin to relax their stay at home orders and businesses look to reopen post COVID-19 Pandemic, Employers should start thinking about how bringing back furloughed or temporarily laid off employees affects their ongoing ACA compliance obligations.

Connecting the Dots Between Your HR Systems Strategy and Strategic HR

Speaker: Stacey Harris - Chief Research Officer & Managing Partner, Sapient Insights Group

Join Stacey Harris, Chief Research Officer for Sapient Insights Group, as she shares groundbreaking research on how organizations can move the needle by 2025, reaching critical business outcomes through a strategic approach to HR processes and system strategies.

Insights in ACA Compliance during the Pandemic

ACA Times

3 minute read: As employers across the country continue to feel the impact of the COVID-19 Pandemic and work to comply with various state or local stay at home orders to combat the spread of the disease, employers have also been bombarded with information regarding the various workforce management tools at their disposal to keep their businesses alive during this crises.

HHS Proposes Rule to Bolster ACA’s Section 1557

ACA Times

Trends to eliminate discrimination in all facets of the workplace continue to take hold across the country. Health and Human Services (HHS) is the latest government agency to make this…. The post HHS Proposes Rule to Bolster ACA’s Section 1557 first appeared on The ACA Times.

What You Need to Know: ACA Rule of Parity, COVID-19 Pandemic and Temporary Layoffs

ACA Times

4 minute read: The Coronavirus (Covid-19) is putting a strain on all aspects of life in the United States right now. For businesses, they are struggling with closures, decreased demand, work from home policies, furloughs, reduced hours, temporary layoffs and more.

ACA Affordability Drops to Historic Low for 2023 Tax Year

ACA Times

Last week the IRS announced the affordability percentage for Premium Tax Credits (PTCs) and employee contributions for employer-sponsored health coverage. In IRS Rev. Proc 2022-34, the agency makes clear that….

10 Steps to HRIS Success: A Guide to Buying HR Software

10 Steps to HRIS Success is an easy-to-follow handbook to help you select the best HRIS software for your company. Download this eBook now to learn how to define your department’s needs and systematically compare those with available HRIS products.

Inflation Reduction Act to Extend Enhanced ACA Subsidies

ACA Times

Late last week news broke regarding a $300 billion bill that would extend the enhanced ACA subsidies issued via Premium Tax Credits (PTC) through 2025. It all started when Senator…. The post Inflation Reduction Act to Extend Enhanced ACA Subsidies first appeared on The ACA Times.

Millions to Lose Coverage if American Rescue Plan PTCs Expire

ACA Times

Enhanced Premium Tax Credit (PTC) subsidies introduced via the American Rescue Plan (ARP) are set to expire this December, and the consequences could be serious. Before diving into what could…. The post Millions to Lose Coverage if American Rescue Plan PTCs Expire first appeared on The ACA Times.

These Industries Are at Risk for ACA Penalties from the IRS

ACA Times

3 minute read: The home health care, staffing, restaurant and construction industries are under fire from the IRS for failing to comply with the Affordable Care Act. Companies within these industries have been shocked to receive ACA penalty notices from the IRS that they are in the millions of dollars. Of course, all types of organizations – school districts, municipal governments, non-profits, other industries – are receiving IRS penalty notices.

Receive an ACA Penalty from the IRS? Here’s What to Do

ACA Times

It’s no secret that IRS enforcement is ramping up. With an additional $80 billion in funding and 87,000 new agents, employers should accept the fact that ACA penalties could be…. The post Receive an ACA Penalty from the IRS? Here’s What to Do first appeared on The ACA Times.

Psychological Safety & Employee Wellbeing: Building a Healthy & Accountable Work Environment

Speaker: Tracie Sponenberg - Chief People Officer, The Granite Group & Melissa Doman M.A. Organizational Psychologist, Mental Health at Work Specialist, Former Clinical Mental Health Therapist

In this webinar, Tracie Sponenberg, Chief People Officer, and Melissa Doman, Organizational Psychologist & Mental Health at Work Specialist, will discuss methods for developing and maintaining employee wellness and psychological safety in your workforce!

New PTC Data is Cause For Concern For Employers

ACA Times

Employers should review their ACA compliance processes carefully in light of new data issued by the Kaiser Family Foundation (KFF). Below we’ve identified why. Key PTC findings. Health exchange enrollees claimed an estimated total of 9.7

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Employers Beware: ACA Penalties Increasing in 2023

ACA Times

The IRS recently announced that the ACA penalty assessments issued for non-compliance with the Employer Mandate are increasing for the 2023 tax year. Below we highlight the new penalty amounts…. The post Employers Beware: ACA Penalties Increasing in 2023 first appeared on The ACA Times.

The Affordable Care Act, and Why You Can’t Afford to Ignore It [UPDATE]

ACA Times

5 minute read: It’s always interesting to look back and see how the contours of a law changes in time. The Affordable Care Act (ACA) is no exception. I wrote a five-part series about the ACA for “Construction Business Owners Magazine” in 2015. I found it interesting to revisit these articles. I share this first article in that series, with some updates, to provide some perspective on the ACA for those of you who are involved with ACA compliance.

Understanding ACA Compliance And Utilizing Staffing Firms

ACA Times

By now it should come as no surprise that maintaining ACA compliance is a confusing and at times difficult task. We know the basics: Applicable Large Employers (ALEs) with 50 or more full-time (FT) employees or full-time equivalents must offer affordable minimum essential coverage to its FT staff. That much is known. However, what happens when an employer utilizes staffing firms for a considerable portion of its staff?

All You Need to Know to Retain, Engage, and Energize Your Workforce.

The Great Resignation and tight labor market make recruitment challenging and retention crucial. This eBook explains exactly how team building can improve employee onboarding and help you retain, engage, and optimize the performance of your teams.

ACA Penalties Are Increasing in 2022

ACA Times

The IRS penalty amounts for non-compliance of the ACA’s Employer Mandate are again increasing in 2022. . Below is a rundown of the new penalty amounts and how the IRS will assess them. . 4980H(a) Penalty. For the 2022 tax year, the 4980H(a) penalty amount is $229.17

Prepare for 2022 ACA Reporting With the ACA Essential Guide

ACA Times

The ACA reporting season for the 2022 tax year is fast approaching and organizations must take the proper precautions to ensure an accurate and timely filing, void of penalty risk.…. The post Prepare for 2022 ACA Reporting With the ACA Essential Guide first appeared on The ACA Times.

IRS Backlog Expected to Clear By End of 2022

ACA Times

The IRS has made significant progress in the historic backlog it’s still facing, but it still has a long way to go. Chief IRS Commissioner Charles Rettig anticipates clearing the backlog by the end of this year.

ACA PCORI Fees Increasing in 2022

ACA Times

Earlier this month the IRS issued a notice indicating that the fees associated with Patient-Centered Outcomes Research Institute (PCORI) are increasing this year. For plans that end on or after October 1, 2021, and before October 1, 2022, the PCORI rate per covered individual is $2.79.

The HR Compliance Playbook: How to Improve Speed-to-Hire

Every global growth to-do list should begin with compliance. Navigating international jurisdictions can be complex and time-consuming, but with solid, up-to-date compliance procedures, companies can maximize efficiency, speed-to-hire, and mitigate risks.

ACA Signups for Open Enrollment Hit Record Highs

ACA Times

Open enrollment for the 2022 plan year ends later this week but ACA signups are already hitting record new highs. Kaiser Health News cites a record-breaking 13.6 million Americans already signed up for 2022 coverage through an ACA marketplace exchange. The closest number of total signups was 12.7

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1095-C Codes for the 2021 Tax Year

ACA Times

It’s 2022 and time to begin preparing the annual 1095-C filings with the IRS and select state governments. Are you ready? If you need a refresher on the different 1095-C coding options for this year, we’ve got you covered. Below are all of the different coding options for Line 14 of the 1095-C Form.

How Will a New Era of Healthcare Entrepreneurs Be Impacted by the ACA?

ACA Times

At some point, the gig economy was bound to expand into industries most never imagined. With the growing rate of Americans taking on some form of a job within the gig economy , it’s become something that many employers are seeking to understand and, in the case of the federal government, regulate. The healthcare industry is no exception.

Understanding ACA Affordability for 2023 Tax Year

ACA Times

Since ACA reporting was first required by employers in 2015, the affordability component under the Employer Mandate was established each year by indexing the standard of 9.5%. This has always…. The post Understanding ACA Affordability for 2023 Tax Year first appeared on The ACA Times.

Compliance Throughout the Remote Employee Lifecycle

Compliance is a constantly evolving challenge, from the recruiting stage all the way to employee offboarding. Companies must stay compliant at all stages in the employee lifecycle. This eBook offers strategies to maintain compliance, outlines common compliance mistakes, and more.

Remember, No Good Faith Transition Relief This Year

ACA Times

With the New Year just a few short weeks out, employers should remember that 2020 was the final year for Good Faith Transition Relief. That means filing late or inaccurate ACA information this year could cost you an IRS penalty — no exceptions.

2022 ACA Deadlines To Avoid IRS Penalties

ACA Times

Employers preparing for a smooth 2021 filing season should keep in mind the important ACA deadlines to avoid IRS penalties. Every year, Applicable Large Employers (ALES) must file and furnish their ACA information to the IRS as required by the ACA’s Employer Mandate.

How Build Back Back Better Would Reshape U.S. Healthcare

ACA Times

With the Infrastructure Bill now officially signed into law, Congress will now shift its focus onto the $1.75 trillion Build Back Better proposal. In its current version, the plan could reshape U.S. healthcare and the ACA.

Have a Handle on ACA Compliance? Let ACA Vitals Decide

ACA Times

ACA reporting is heading into its seventh year, yet, many organizations still face significant obstacles to meeting the requirements of the ACA’s Employer Mandate.

The HR Biweekly Payroll Calendar Template

Paying employees accurately and on time is a must for every business. But with new compliance regulations and hiring challenges popping up everywhere, keeping track of pay dates can be tricky. To help, Paycor is providing a downloadable biweekly payroll calendar complete with 2022 pay dates.