As we countdown to the Affordable Care Act (ACA) and the implementation of its employers mandate. Now is the best time to prepare and understand that your company and your staffing partner are compliant. The deadline for businesses with over 1000 employees is January 1, 2015. Businesses with over 50 employees needs to be ready by January 1, 2016.
We have provided the following checklist to ensure that you have the answers to be best prepared and compliant.
Ο Know the penalties for not offering insurance?
Ο Know the potential penalties if your staffing company is not compliant?
Ο Know your ACA Liability under staffing arrangements?
Ο Know the report filing required by ACA by January 1, 2015?
Ο Determined if you are a large employer? Know how to “look back 12 months”?
Ο Decided to Pay or Play?
Ο Received a letter from your staffing firm stating that they are complaint?
Ο Discussed how your staffing firm will bill for the health insurance they must provide for temporary staff?
Ο Revised your staffing provider contracts to include the “safe harbor” clause?
Ο Contacted your staffing partner?
At Workway we are committed to help you to understand and reduce your costs of ACA compliance. If you have questions, please feel free to contact James Bowmer at (972) 514 1515.
As part of this commitment to educating you upon the impact of ACA and would like to invite you to save the date for a December 10th webinar scheduled for 9am PST titled “Reduce Affordable Care Act Costs with Staffing Strategies” delivered by Alden Bianchi, Practice Leader, Executive Compensation & Benefits from Mintz Levin one of the foremost employment legal experts on the ACA, below is a link to various blog post’s from Mintz Levin written describing the impact of ACA legislation and implementation strategies.