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Nonstop Wellness Blog

High quality benefits for nonprofits.

ACA Round-Up: June 2016

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Image: Awane

The GOP may be offering up alternatives to the ACA, but for now the universal health plan is here to stay and keeps chugging along. Below is a quick round-up of relevant ACA news that came out this month, and could help keep you on track and in compliance.

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Why and How You Should Audit Your Nonprofit’s Employee Healthcare Program

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Photo: homegymr

The healthcare industry is a rapidly changing world, with creative entrepreneurs and innovative alternatives gaining ground against the rising costs and lackluster benefits of traditional care.

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Top 10 Compliance Issues - Mercer Signal

Tracy Watts writes for Mercer Signal about the top 10 Affordable Care Act compliance issues employers face, and how they can avoid these compliance pitfalls.

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Changes to the ACA: What’s on Your Wish List? - Mercer Signal

Employers have very apparent opinions on what they want to change about the Affordable Care Act.

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Staying ACA Compliant with New Hires

Photo: Villanova.edu

When a new hire is made, there is often a litany of paperwork and to-dos that need to be completed, especially around tax and healthcare-related activities. With the ACA, it’s even more imperative to be compliant with documents and timing.

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Midsize Organizations Express Concern Over ACA Compliance in 2016

In 2015, ADP conducted a survey of executives from mid-market organizations (50-999 employees) and the challenges they are facing in today’s business climate. Not surprisingly, concerns around the ACA were high on the list, more than likely for those organizations with 50-99 employees that will be required to comply with the ACA’s “pay or play” employee mandate for the first time in 2016.

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IRS Extends ACA Filing Deadlines for Employer Mandate

The New Year brought good news for those employers required to file tax returns reflecting healthcare coverage for the first time. The IRS and the Department of Treasury have extended deadlines for the employer mandate (also known as “pay or play”) for both employee notifications and filing with the IRS.

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ACA Changes on the Horizon for 2016

Photo: Refe

The New Year is upon us and although many organizations will remain in a 2015 state-of-mind with regard to tax returns, it is imperative that planning for changes to the ACA in 2016 be happening simultaneously. Below is a brief run-down on what businesses can expect to shift for them in the next 12 months:

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Looking Ahead to 2016 – Avoiding Unintended ACA Penalties in the Coming Year


Photo: calendarswamp.blogspot.com

It may seem premature to begin thinking about 2017 tax season when we haven’t even started in on the 2016 one yet, but when it comes to the ACA earlier is always better.  Especially if your organization is – or will be  - an applicable large employer (ALE) in 2016, and required to offer 95% of employees affordable healthcare. Understanding all of the employer mandates – from dependent care, to cafeteria plans, to the shared responsibility requirement – is absolutely crucial to planning for 2016 and essential to saving potentially multiple thousands of dollars in penalties.

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Understanding the Ins-and-Outs of the Employer Mandate – and Its Penalties

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Perhaps the best-known ACA requirement for organizations is the employer shared responsibility mandate – otherwise known as the “pay or play” mandate. Put simply, under the rules of the ACA, applicable large employers (ALEs; 100+ employees in 2015) must provide affordable minimum essential coverage to at least 70% of their employees (95% in 2016). If this requirement is not met, either because 1) no coverage is offered; or 2) because coverage is determined not to be affordable and/or does not meet minimum value, then organizations will be responsible for hefty penalty fees.

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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

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