Brian M. Kalish writes for Benefit News about the enormous penalities for which employers are on the line if they do not stay in compliance with the Affordable Care Act.
Read the full original article from Benefit News.
“Employers have been penalized nearly $31 billion in 2016 for violations of the Affordable Care Act health insurance mandates, a recent Accenture study found, providing more opportunity for brokers to provide assistance…. A recent study by Deloitte’s tax arm found that the information required to be filed can be difficult for clients to obtain. Sixty-percent of respondents to a Deloitte survey reported it has been a challenge to get answers to technical questions, as employers lack the resources to handle the compliance responsibilities of the new reporting requirements, the study found.”
Staying in compliance with the ACA and avoiding these large penalities and fees can seem like an insurmountable task, but working with the right broker can make all the difference. Start with downloading our comprehensive handbook, The Nonstop Guide to ACA Penalties for 2016:
and contact us when you're ready to learn more about how Nonstop Wellness can help employers reduce healthcare costs, provide better benefits, and - most importantly - stay in compliance with the ACA.
The information and materials herein are provided for general information purposes only and are not intended to constitute legal or other advice or opinions on any specific matters and are not intended to replace the advice of a qualified attorney, plan provider or other professional advisor. This information has been taken from sources believed to be reliable, but there is no guarantee as to its accuracy. In accordance with IRS Circular 230, this communication is not intended or written to be used, and cannot be used as or considered a ‘covered opinion’ or other written tax advice and should not be relied upon for any purpose other than its intended purpose