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Are Your Employees In(Form)ed about Annual Reporting?

Are Your Employees In(Form)ed about Annual Reporting?

By Mary Schafer Help Quell Calls and Confusion with Effective Communications Under the Affordable Care Act (ACA), Applicable Large Employers (ALEs) with 50 or more full-time, including full-time equivalent employees, are subject to the employer shared responsibility provision and related IRS reporting requirements. This includes filing Forms 1094-C and 1095-C with the IRS, and sending the Form 1095-C to their employees, to report information about the health insurance coverage offered under their employer-sponsored plans for the 2016 tax year annual reporting. So, as a large employer, you’ve likely made it through your first year of annual health care reporting and are starting the process all over again. Since this is only the second year your full-time employees will receive a Form 1095-C, a communications plan is key to your success. At a recent ADP webinar, when asked if they felt their company was ready to issue Forms1095-C to their employees by January 31, 2017, only 7-9% of respondents felt they were extremely prepared. While recently the IRS extended the...

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ACA Best Practices: Annual Reporting Accuracy & Strategic Employee Communications

ACA Best Practices: Annual Reporting Accuracy & Strategic Employee Communications

If you were an Applicable Large Employer (ALE) for tax year 2015, you’ve likely made it through your first year of annual health care reporting. Just as you were breathing a sigh of relief after filing last year’s forms, the process is starting all over again – and seems destined to continue every year from now on. There are lessons to be learned from the 2015 filings, as well as making sure that you are aware of the changes that will apply for 2016. Additionally, since this is only the second year your full-time employees will be receiving a Form 1095-C, a communications plan is the key to your success. It’s time to start thinking about how developing and delivering the right tools in conjunction with effective benefits communications and year end communications to drive awareness and engagement. Watch the webcast below and get critical insights on how you can prepare for the impact of recent ACA updates, and stay up to date with health care regulations and avoid...

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ADP Wants to Meet Employers Where They Are With Its Private Exchange

ADP Wants to Meet Employers Where They Are With Its Private Exchange

Since launching a Private Exchange solution a year ago, ADP has continued to add clients and plot its future moves, explains Will Giaconia, ADP’s vice president of healthcare strategy. Employee Benefit Adviser spoke with Giaconia to find out how the marketplace continues to develop. EBA: It has been a little over a year since launching the ADP exchange. How is it going? Giaconia: It is going well. We have a different take on these than some of the … first movers and players in the space. What we were looking to do … was to bring that kind of a solution to our broader portfolio of benefits administration and related products and services, all within the human capital market environment that we play in. From that perspective, it has been really successful. [It is] really helping our clients who are potentially interested in these things now or in the future to know that they have an option with us. … That was what we were looking to accomplish more...

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ACA Best Practices: Annual Reporting Accuracy & Strategic Employee Communications

ACA Best Practices: Annual Reporting Accuracy & Strategic Employee Communications

If you were an Applicable Large Employer (ALE) for tax year 2015, you’ve likely made it through your first year of annual health care reporting. Just as you were breathing a sigh of relief after filing last year’s forms, the process is starting all over again – and seems destined to continue every year from now on. There are lessons to be learned from the 2015 filings, as well as making sure that you are aware of the changes that will apply for 2016. Additionally, since this is only the second year your full-time employees will be receiving a Form 1095-C, a communications plan is the key to your success. It’s time to start thinking about how developing and delivering the right tools in conjunction with effective benefits communications and year end communications to drive awareness and engagement. Join our event on October 25th at either 11AM or 3PM with other HR execs like yourself and get critical insights on how you can prepare for the impact of recent...

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5 Steps that can bring you closer to ACA compliance

5 Steps that can bring you closer to ACA compliance

Regardless of who wins the presidential election, the U.S. healthcare system will surely continue to morph from both a care management and compliance perspective. The reality is that managing compliance under the ACA has become and will continue to be a part of every broker, HR and finance leader’s day-to-day agenda. It’s that simple. It’s that inevitable. It’s that crucial to your success. I know. Just as you were breathing a sigh of relief after filing last year’s forms, the process is starting all over again — and seems destined to continue every year from now on. We’ve learned a lot in the past year. ADP helped more than 25,000 clients ranging in size from 50 to 50,000 employees manage their compliance requirements. During that time, we gained a lot of insight. Read as ADP’s Vic Saliterman, Senior Vice President, Health Care Reform, shares five steps that can help advisers and organizations focus their ACA compliance efforts. To learn more, read: 5 Steps that can bring you closer to...

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