Tuesday, February 2, 2016

Be Compliant: Know Your Workforce Numbers

Dave Kyllo

The Internal Revenue Service issued another reminder last week to employers about the importance of knowing the exact size of their workforce under the Affordable Care Act (ACA).

This is essential because two provisions of the ACA apply only to applicable large employers – those employers with 50 or more employees in the previous calendar year.

Those employers with fewer than 50 full time equivalents are not subject to the employer shared responsibility provisions and the information reporting provisions for offers of minimum essential coverage. The IRS Tax Tip contains more information for employers about calculating workforce size.

AHCA/NCAL members are encouraged to check out AHCA/NCAL Insurance Solutions several months before their renewal dates before making a final decision about their employee plan coverage. Our “Members Only” program is designed to give AHCA/NCAL members access to brokers who understand long term care and who will work to save AHCA/NCAL members money. For more information, contact Dave Kyllo (202-898-6312) or Nick Cianci (202-898-2841) or email us at AHCA/NCAL Insurance Solutions.

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