From Compliance to Plan Options to Paperwork, let’s face it, employee benefits have gotten very complex over the last several years. In an ever increasing regulatory environment, we are committed to helping clients understand and comply with legal requirements pertaining to employer sponsored benefit plans. We believe compliance is really more of an ongoing process than a milestone to reach, pass and leave behind.
Under The Affordable Care Act’s employer shared responsibility provisions, employers that employ 50+ full-time employees are required to provide minimum essential coverage that is affordable and provides minimum value coverage to their full-time employees or pay a penalty. Under Internal Revenue Code sections 6055 and 6056 the applicable Large Employer then is required to file a report about offer of health coverage to full-time employees and individuals in the health coverage.