Insperity’s Affordable Care Act Treasure Chest is designed to assist our clients with understanding the responsibilities and requirements under the Affordable Care Act. This treasure chest contains the following documents:
I. Employer Mandate
The employer mandate, also known as the employer shared responsibility provision, requires certain employers to offer affordable health insurance coverage to their full-time employees or face potential penalties.
II. ACA State Reporting Requirements
Under the Affordable Care Act (ACA), there are state reporting requirements related to health coverage. A list of the applicable states and deadlines is provided in this document.
III. How to Stay ACA Compliant
Specific dates and suggestions are provided to assist clients with staying ACA-compliant.
IV. Form 1095-C Coding Glossary
Designed to provide explanations of the codes in Form 1095-C
V. Client ACA Penalties
Penalties could be assessed if clients are not offering minimum essential coverage to 95% of their full-time staff.
VI. ACA Glossary of Terminology
A list of common ACA terminology