Employer Solutions / HRMS Newsletter – October 2016
Keeping You Up-To-Date With Information About Employer Solutions / HRMS
Affordable Care Act (ACA) – Compliance Issues for 2016
By: Net at Work Team
Employee – Subsidy Notifications
Employers may be facing a second round of concerns with respect to the Affordable Care Act (ACA) compliance.
They may have sent 1095s to employees for the 2015 tax year, but they are still facing the flood of subsidy notifications that the ACA Exchanges are expected to issue anytime now. Once these notices are sent, employers will only have 90 days to appeal the Exchange’s decision to grant the employee a subsidy.
It is important to be aware that a notification from HHS that an employee is determined to be eligible for subsidized Exchange coverage is different from a notification from the IRS that an employer is liable for penalties for not offering coverage or not offering affordable, minimum value coverage to employers as part of the Employer Mandate.
What ACA Employee Subsidy notifications mean to you: