Are You Ready For All The Policy Changes Affecting ACA Reporting and the Employer Mandate This Year?
Recent federal-level policy changes will impact compliance moving forward for applicable large employers (ALEs), Affordable Care Act’s (ACA) reporting, and the employer-shared responsibility provisions (aka “the employer mandate”). To make sure you and your clients are ready, please join our free webinar to learn about them before January 1 renewals and the winter “employer reporting season” sneak up on you!
During the webinar we will cover the following five recent policy changes, and how they will impact group health plans and ACA compliance in the years to come.
Change #1—Good faith compliance is gone!
Change #2—New rules to eliminate the ACA’s “family glitch” and corresponding Section 125 cafeteria plan rule changes mean more dependents may be leaving group coverage to get subsidized coverage through health insurance exchanges.
Change #3—The ACA “affordability” percentage for 2023 is significantly lower than any other year before!
Change #4—There will be expanded exchange subsidy eligibility through December 31, 2025
Change #5— There is an automatic extension of the Form 1095 delivery date