Tuesday, July 19, 2016

IRS Issues Mid-Year Affordable Care Act Reminder

David Kyllo
A new tax tip from the Internal Revenue Service (IRS) reminds employers that the size and structure of their workforces determine which part of the health care law applies to their workforces. Work forces typically fluctuate, so it’s important to annually determine the size of your workforce.

 The number of employees an employer has during the current year determines whether a business is an applicable large employer for the following year. Applicable large employers are generally those with 50 or more full-time employees, including full-time equivalents. Employers with fewer than 50 full-time employees, including full-time equivalents, are not applicable large employers. That workforce size distinction makes a dramatic difference on the employer requirements under the Affordable Care Act. For more information about those differences, see the new IRS tax tip.

 Concerned about rising employee health benefit costs? Know that AHCA/NCAL members are saving money on their employee health benefit programs through AHCA/NCAL Insurance Solutions. One not-for-profit member is saving more than $2,100 annually per employee. AHCA/NCAL Insurance Solutions may be able to save you money too. For more information about health plan options available through AHCA/NCAL Insurance Solutions, contact Dave Kyllo at 202-898-6312 or Nick Cianci at (202-898-2841) or email us at ahcainsurancesolutions@ahca.org.   

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