Published by Michael Weiskirch on October 4, 2024 appearing in the BenefitPitch blog. It was an ordinary Monday morning until their finance department receives a letter from the IRS. The letter, filled with pages of regulations, was requesting a penalty of $280,000 for failure to file and furnish their filing. This was for the year 2021 1094 and […]
read moreACA Compliance, what you need to know online seminar. 30 Minute Web Seminar It’s likely you (or someone you support) will have to comply with ACA reporting standards. If you are an employer with over 50 FTEs as well as smaller employers that are self-funded must file each Q1 with the IRS. These requirements have been […]
read moreDetermine your path to compliance in a few simple steps Download the Checklist here
read moreTo download last year’s census/workbook straight from our system, log into HCM File. HCM File Login Page: https://file.healthcostmanager.com/ Make sure the tax year is 2023 before you click on Edit. From here, you will select Add Employees. Next, click on Download Employee Census. You now have a starting point for your 2023 census/workbook. This workbook […]
read moreBy Michael Weiskirch, Principal of EmployeeTech According to the HRA Council 2022 Growth Trends Report, ICHRA Adoption by U.S. Employers Has More than tripled from 2020 to 2022. Often referred in the industry as the “the 401(k) of health coverage,” ICHRAs combine the freedom of plan selection at the employee level, the tax-free benefits at […]
read moreThis Webinar with be featuring two separate 40 Minute programs on ACA Reporting Fundamentals, both taking place Thursday September 8th. We will cut through the legal jargon to get to the point. Whether you are a novice or well-informed on the subject, this program will help you better understand the law. There are two programs; the 1st one will be directed […]
read more1. ARE YOU AN ALE? AND THE BASIC MATH BEHIND IT Under the ACA’s Employer Mandate, ALEs, or employers with 50 or more full-time employees and full-time equivalent employees (FTEs) need to comply. FTEs are calculated by looking at the prior Calendar total full-time employees (those working 30 or more hours per week) plus a calculation […]
read moreBy Michael Weiskirch, Principal, EmployeeTech Flux happens, and in the HR tech space it could mean you are transitioning between two systems or undergoing a transformation in how you administer your employee needs or even re-introducing a module that has received little attention. Since the onset of Covid, fluctuation seems to be the constant. We […]
read moreBy Michael WeiskirchPrincipal, EmployeeTech In his dissenting opinion, Supreme Court Justice Samuel Alito described yesterday’s decision as an “epic trilogy”. The very first case in 2012 was a 5-4 decision and yesterday’s ruling ended in 7-2 in favor of The Affordable Care Act. The ruling for the case known as California vs. Texas held that […]
read moreBy Michael Weiskirch Principal EmployeeTech If you are over 50 FTEs, The ACA has been part of your annual benefits routine for the past six years. Yet, after all this time employers are struggling with their ACA reporting. We have seen several issues pop up over the last few years based on changes in state […]
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