ETC News
From blog articles to press releases and media – this is where we share all of our internal and external successes. We also share tips and tricks – so be sure to check back for new updates and resources!
ACA DETERMINATION OF ALE (and Non-ALE) STATUS
ALE CALCULATION TOOL USING LAST CALENDAR YEAR EMPLOYEES AND HOURS FOR WHICH PAY IS RECEIVED Next steps: Add ALL 12 months Total FT and FTE count and divide by 12 to determine average monthly FT and FTE Count for entire year. Round the final number down to a whole...
ALEs Must Consider Decreased Affordability Percentage for 2023 Plan Years
The 2023 affordability percentage that Applicable Large Employers (ALEs) use when determining whether their offer of coverage is affordable such that they are not subject to 4980H(b) penalty exposure is 9.12 percent of household income, down from 9.61 percent in 2022....
GAG CLAUSE PROHIBITION COMPLIANCE ATTESTATION (GCPCA)
RE: Provider/Network/Health System Carrier, TPA, PBM, and Direct Contracting Gag Clause Prohibition Effective December 27, 2020 under CAA Title II Section 201 (Transparency) Submitted Attestation Due Date: December 31, 2023 and Dec 31st annually...
Small & Midsize Employers – ACA IRS E-File
IF YOU HAVE HISTORICALLY FILED YOUR 1095/1094 FORMS BY MAIL . . . Effective 2024 for the 2023 tax reporting year, employers with more than 10 (ten) aggregate federal returns (W2, 1099, 1095) must file their 1095/1094 forms electronically (formerly 250 forms). **Note:...
Employee Share Responsibility – 4980H Requirements
An Applicable Large Employer (ALE) that does not offer coverage meeting certain requirements under Code Section 4980H may have exposure to an employer shared responsibility payment (ESRP). The ESRP amounts are indexed each tax year as shown in the table below and...
Civil Penalties – ALEs Fail to File/Furnish Forms 1094/1095C
Failure to file or furnish Forms 1094-C and 1095-C as required can result in civil penalties under Code Sections 6721 and 6722, which are indexed each tax year as shown in the table below. These penalties apply separately per form that is not filed or furnished as...
Top Five Compliance Myths You Need to Know
MYTH #1 If you move to a Fully Insured Health Plan, the Carrier will complete your ACA Filing Obligations. FACT All ALE's (ALE = 50 or greater full time equivalents in preceding tax year) must still file 1095-C forms for Part I and II. The fully...
Protecting Yourself from Email Hackers: Safeguarding Your Online Communications
In an increasingly digital world, email has become a vital means of communication for individuals and businesses alike. However, the prevalence of email hacking and the potential consequences it can have on privacy and security cannot be ignored. This article aims to...
National CROWN Day: Prohibiting Hairstyle Discrimination
When we think about diversity, equity and inclusion, we often forget how biases or perceptions of professionalism can apply to employee hairstyles. While there is currently no federal law prohibiting hairstyle discrimination, several states and localities have passed...
House Bill Changes Some ACA Requirements – Still Needs Senate Approval
Yesterday, the House passed two bills aimed at simplifying employer health coverage reporting (Forms 1094-B/1095-B and Forms 1094-C/1095-C), but there are some important caveats to keep in mind. First, these bills must still pass the Senate and could be subject to...
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