Keeping Up With The Affordable Care Act [Video]

The Affordable Care Act continues to weigh heavily on many employers

With the requisites for ACA compliance in place, are you certain in the tracking and storage capability of your resources in order to keep up with this service?

Don’t fret, if you’re not – you’re certainly not the only one.

In March, more than 2,000 employees from various organizations participated in our ACA Best Practices webinar in order to catch up on current requirements under the Shared Responsibility clause of the Affordable Care Act, along with discussions on the Exchange/Marketplace Notice Management and the Excise Tax.

80% of participants were either somewhat or not at all certain in the tracking and storage capabilities of their resources

Just to get a sense of the corporate baseline, we polled the attendees during this webinar, and found that roughly 80% of participants were either somewhat or not at all certain in the tracking and storage capabilities of their resources, for the data constituents required under the Affordable Care Act.

Therefore, as I mentioned, you’re certainly not the only one who needs enlightening on corporate data compilation strategies from diverse IT systems (Payroll, Benefits, Time and Labor/Leaves Management), or even about the employer requirements under the ACA.

Furthermore, such polling data seems in line with the findings of the ADP Research Institute on the Affordable Care Act and Employer Confidence – which shows that roughly half of mid-sized and large employers are uncertain in their ability to comply with annual health care reporting within regular deadlines.

Aging Services Employers shared Responsibilities under Affordable Care Act
Aging Services Employers shared Responsibilities under Affordable Care Act

So, how can you efficiently yet swiftly update yourself on Annual Health Care Reporting and Exchange Management?

Well, you’ll first need to watch the recording of our January webcast on the subject.

This webcast had been headed by John Haslinger, VP of ADP, and serves as a clarifying source for conflicts or ambiguities with ACA compliance requirements, using legislative case studies and policy brush-ups as and when required.

For further assistance, we have additional resources available on our website as well for visitors to inform themselves about ADP Health Compliance.

ACA Best Practices – What To Expect?

Annual Health Care Reporting and Exchange Management

Norberts.

Written By

Norberts Erts

Co-founder of CakeHR. Keeping a sharp eye on international news, politics, business, finance, science, technology and the connections between them.