Tag: Affordable Care Act

Affordable Care Act (ACA) Reporting Year-end Guidance

Last Updated on January 19, 2024 As we approach year’s end, employers must be diligent in ensuring compliance with the Affordable Care Act (ACA) reporting requirements. The ACA demands meticulous record-keeping and reporting, leaving no room for error. Failure to do so can lead to significant penalties and fines: The following are tasks designed to […]

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IRS Sets 2024 ACA Affordability Guidelines

Last Updated on October 15, 2023 As 2024 open enrollment approaches, employers need to note a crucial update in the Affordable Care Act (ACA) affordability guidelines, as outlined in the recently published IRS Revenue Procedure 2023-29. The ACA affordability threshold is being reduced to 8.39% for 2024, down from 9.12% in 2023. This adjustment means […]

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PCORI Fees: Who, What, When and How?

Last Updated on June 26, 2023 The Patient-Centered Outcomes Research Institute (PCORI) fee is an essential component of the Affordable Care Act (ACA) compliance structure. Understanding what PCORI fees are, who needs to file, when it needs to be filed, the rate at which it needs to be paid, and the form on which it […]

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