While news reports talk of changing or eliminating the Affordable Care Act (ACA), employers must still comply with this law. The Internal Revenue Service (IRS) has identified 49,259 employers that are potentially liable for almost $4.5 billion in penalties for 2015 alone. The IRS started sending out employer shared responsibility penalty letters for 2016 in October 2018, and notices for 2017 ACA filings are projected to be sent out in the spring of 2019.
This means that ACA compliance is essential for employers and not getting it right can be extremely expensive.
ADP’s recent ACA survey reveals there is significant confusion about what the ACA requires, how to comply with the law's eligibility and affordability provisions, and what reports to send when. For example, almost 90 percent of respondents did not know how long employers have to respond to an IRS penalty notification, specifically IRS Letter 226J.
Download ACA Compliance: Confidence, Confusion, and Change for the key survey insights and find out how organizations like yours approach ACA compliance, how they deal with errors and penalties, and how they plan to approach ongoing compliance.