Efforts to repeal and replace the Affordable Care Act (ACA) – also known as Obamacare - have created quite a few shake-ups and discussions these past few months, culminating in the first “real” replacement legislation, named the American Health Care Act (AHCA), being pulled after Republicans were unable to agree on the details. So, for now, we all remain exactly where we have been—under obligation to remain compliant with the ACA legislation still in place.
Where are we at?
Over the last few months, politicians and political experts have indicated the quest to repeal and replace the ACA is more complicated than expected. President Trump’s executive order to alleviate burdens created by the ACA did not include employers. The proposed AHCA didn’t receive enough support and even though there is talk about reviving a modified version for a vote soon, this will not be an easy process and success is far from certain. The new administration is dealing with other important issues facing our country today and in the meantime, politicians may consider other options for the ACA.
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What are Employers to do?
Stay the course. Remain compliant. This means any company with 50 or more full-time employees, must continue to comply with the ACA Employer Mandate:
- Be timely in offering health insurance of a certain quality to full-time employees all year long.
- Prove the right offer was made to the right employee at the right time using IRS year-end reporting done through forms 1095-C and 1094-C
This latter requirement – most likely modified somewhat – seems to remain in place with the AHCA and most other replacement proposals so this reporting requirement is definitely not going away anytime soon.
We Make ACA Compliance Easy for You
Maintaining compliance with the ACA does not have to be hard. It should not take up all of your time or require a team of new hires. Integrity Data’s
For the moment, the ACA remains fully intact and in place. Should the new administration make changes to the law, Integrity Data will update the solution to ensure you remain in compliance, even as the law changes. Contact Integrity Data for guidance with navigating and remaining compliant with the ACA legislation as it stands today.
By Integrity Data,