Dedicated Software Helps Mitigate Risk
The U.S. Affordable Care Act (ACA) is a complex law with many compliance requirements that entails significant effort and expenditures by almost every organization. Thus, having a strategy and plan but lacking the required processes, information and systems is an approach likely to be fraught with difficulties and one that will be unnecessarily expensive.
For most employers, compliance with the Employer Shared Responsibility provisions of the ACA will be the largest challenge. These provisions and changes apply to employers that had 50 or more full-time employees during the preceding calendar year; companies should be tracking and reporting on them now.
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