Watch Now - ACA for Dummies | An ALE's Survival Guide
HRlogics • May 18, 2023
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On-Demand
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Pre-recorded Webinar
May 18, 2023
ACA for Dummies: An Applicable Large Employer's Survival Guide
The Affordable Care Act (ACA), can be a confusing topic for many people, especially those who work for Applicable Large Employers (ALE). However, it is important to understand the basics of the ACA to ensure compliance and avoid IRS penalties. Sean Cooper, HRlogics' ACA Corporate Trainer will provide an overview of the essential details!! Check out the webinar now!
Topics include:
- Glossary of import terms
- How to determine if you are an Applicable Large Employer
- Classification of employees
- ACA Measurement Methods
- Required data & cadence of review
- Affordability Safe Harbor comparison
- E-file change for 2024
- ACA penalties & IRS penalty letters
- ACA reminders for ALEs
- Important deadlines to remember
Have Questions or Need More Information?
Understanding Affordability under the ACA: For the 2024 reporting year (adjusted annually), a healthcare plan is considered affordable if the lowest-cost self-only coverage option available to employees does not exceed 8.39% of any one of the three safe harbors provided by the IRS. Each safe harbor has its unique advantages tailored to different business models.
In this eBook, we will provide you with a step-by-step guide to ensure that
your business remains compliant with the ACA. We will explain the
definitions of different employee types and their eligibility for coverage, the
minimum essential coverage requirements, the reporting obligations, and
the potential penalties for noncompliance
