Practical perspectives on matters of Affordable Care Act compliance

The ACA in action series

Although 2020 marks the fifth consecutive reporting cycle for the Affordable Care Act (ACA), the filing process has not become any less confusing, stressful or complicated. The confusion associated with ACA reporting paired with the continual impact of the coronavirus pandemic could leave many organizations unaware of noncompliance. For example, many organizations may overlook how strategies for reducing a workforce can potentially impact ACA compliance. A furloughed employee, who is moved to COBRA continuation coverage due to a reduction in work hours, may put an organization at risk for a 4980(H) penalty, if that employee was deemed full-time through ACA’s measurement of hours.

In the ACA in Action article series, Eric Pochas, a certified ACA professional from Baker Tilly Vantagen, helps organizations navigate these complicated aspects of ACA compliance, outlines reporting changes and provides tips and tricks to file on time without penalty.

Download Baker Tilly Vantagen’s whitepaper to read all four articles and learn more about the following topics:

• What has and hasn’t changed with ACA reporting in 2020
• Common filing mistakes
• Noncompliance penalties and hidden costs
• Why it is important to take compliance seriously now

Who is Baker Tilly Vantagen?

Baker Tilly Vantagen is the employee benefits administration and human resources consulting arm of Baker Tilly. We have been providing ACA compliance support since 2010, and provide the following related services:

• Form 1094/1095 preparation, issuance and IRS transmittal
• ACA hours tracking and 95% offer of coverage compliance monitoring
• Form 1095 help line support
• Employee communications strategic planning and execution
• Consultative IRS notice response support

For more information on these topics, or to learn how Baker Tilly Vantagen specialists can help, contact our team.

The information provided here is of a general nature and is not intended to address the specific circumstances of any individual or entity. In specific circumstances, the services of a professional should be sought. Tax information, if any, contained in this communication was not intended or written to be used by any person for the purpose of avoiding penalties, nor should such information be construed as an opinion upon which any person may rely. The intended recipients of this communication and any attachments are not subject to any limitation on the disclosure of the tax treatment or tax structure of any transaction or matter that is the subject of this communication and any attachments.