Affordable Care Act (ACA) & Department of Labor (DOL) Compliance
Are you compliant with all state and federal laws, rules and regulations?
The Affordable Care Act (ACA) and Department of Labor (DOL) are continuously creating countless rules and regulations governing employee benefit plans, many of which are complex.
Many Human Resource and Accounting Departments are starting to grasp the magnitude of the reporting requirements implemented with the passage of the Affordable Care Act. The threats of fines and penalties and the need to accurately report to various governmental bodies is putting and extraordinary amount of pressure on resource-strapped departments.
We've created some key resources and notices to make your day easier, created with you in mind. Visit our online resource library to find additional valuable information about OSHA, safety regulations, health care reform, HIPAA, FMLA and much more, get answers to common questions and have access to a variety of forms, notices and disclosures.
Learn More About Reporting Requirements for Employers and Health Plans
The Affordable Care Act (ACA) created a number of federal reporting requirements for employers and health plans. The additional reporting is intended to promote transparency with respect to health plan coverage and costs. It will also provide the government with information to administer other ACA mandates, such as the large employer shared responsibility penalty and the individual mandate.
ACA Reporting Requirements for Employers and Health Plans
- Form W-2 reporting
- Applicable large employer health coverage reporting (Code § 6056)
- Reporting of health coverage by health insurance issuers and sponsors of self-insured plans (Code § 6055)
- Transparency in coverage reporting and cost-sharing disclosures
- Quality of care reporting