ACA Compliance and Regulations
Staying compliant is crucial to avoid financial penalties and mitigate risk.
We handle this in 3 important ways.
1-on-1 benefit meetings during open enrollment
Benadmin technology to track employee decisions and give plan admins control
New hire enrollment and ongoing support
Employer Mandate
Businesses with 50+ employees must offer health coverage to at least 95% of full-time employees (30+ hours). Coverage must be affordable.
Minimal Essential Coverage
The plan must qualify as minimum essential coverage. This should at least provide preventive services with no cost-sharing.
Affordability & Minimum Value
Employee's share of the premium for the lowest cost plan should not exceed 8.39% of household income.