You're likely experiencing the complexity and administrative burden of the Patient Protection and Affordable Care Act. Understanding how the ACA impacts your business is incredibly important. Knowing whether you're an Applicable Large Employer or part of a larger controlled group at anytime throughout the year is a good first step. Understanding how utilizing certain measurement periods impacts your compliance requirements should be your next move. Ultimately, you'll decide if it's better to offer affordable health insurance coverage for all full-time employees or knowingly elect not to provide insurance and send employees to an exchange while paying defined penalties. Sound complicated? It is. The journey to making an informed decision requires input and insight.
Eide Bailly has taken a lead role in working with employers on their questions related to the ACA. Our team has the experience and knowledge to help you every step of the way. We have spent considerable time reading, reviewing and learning the intricacies of how health care reform impacts businesses. We can help you identify measurement periods, review your penalty risk, understand reporting requirements and file required forms.
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