Although its status has been questionable at times, the Affordable Care Act (ACA) remains law and employers must continue to meet its challenging requirements or face substantial penalties. Complying with ACA rules is no easy task and can be very difficult for employers.
Outsourcing ACA administration reduces an employer’s workload and can help ensure that an employer accurately manages their ACA program while protecting them from potential penalties.
We’ve designed our ACA services to be as simple and efficient as possible so employers can focus on their core business. Employers send us their data and then we perform the appropriate calculations and determinations as well as handle all of the ACA reporting requirements.
In late 2017, the IRS started issuing Letter 226-J to applicable large employers (ALEs) who the IRS has determined are liable for an Employer Shared Responsibility Payment (ESRP). For many employers, the ESRP penalty is in the millions of dollars.
If you have received a Letter 226-J, we can help.