Are You In Compliance with Hours Counting and FTE Eligibility Requirements of the PPACA?
The Act of 2010 (variably known as “PPACA,” “ACA” or “Obamacare”) requires every employer with 50 or more full-time equivalent employees to either provide health insurance to every qualifying employee, or pay a penalty.
Determining whether employees qualify as full-time (FTE) for purposes of the ACA is complex, at best. While the actual requirement to provide insurance to full time employees (or pay specified penalties) doesn’t take effect for most employers until 2014, the record-keeping period, both for determining large employer status and for determining coverage eligibility by employee, runs throughout 2013.
Recent clarifications in the interim final regulations are enlightening, and will have many employers re-thinking their current administrative capabilities, both in their HRIS and payroll record-keeping, as well as in the processes that underpin them.
To make this information easier for you to digest, Ascentis is offering you an easy way to learn about these PPACA requirements, all while earning recertification credit hours. Watch our free and accredited on-demand Health Care Reform Master Class Series and download the accompanying bulletin. In addition, you can also download our infographic guide that will help you determine how employers with an HRIS and payroll solution can use technology to comply with these requirements.
Ascentis solutions support these, as well as and many other, PPACA requirements as a part of our standard capabilities. If your current solution does not ease your anxiety over all the PPACA requirements, we can help. Please let me know when you’re available for a quick conversation so we can create a custom demo for you that will address your specific health care reform needs and challenges. Just reply to this email with an ideal date and time.
You can click here to read more about our human resources, payroll, recruiting, time and attendance, self-service and benefits management software solutions, or download any of our health care reform bulletins.