Applicable Large Employers or ALE’s; employers with 50 full-time equivalent employees, and self-funded plans, will face difficult reporting to keep up with the IRS code Section 6055/6056 and to stay up with ERISA Compliance. The reporting is designed to detail the healthcare coverage offered to f/t employees and their families. This also enforces the MEC or minimum essential coverage for the individual mandate.
“My Payroll Company Can Do That”
The question you have to ask yourself is:
Is this more benefit related or payroll related?
Want us to handle all of your ACA reporting?
As reported by ProACAReporting.com Many employers and benefit brokers originally made the assumption that ACA reporting would best be performed as an additional function of a company’s payroll provider. However, now as the time comes to actually perform the reporting they understand that ACA reporting requires much more benefits information than payroll.
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