Affordable Care Act (ACA) compliance reporting is becoming increasingly complex. The end of the IRS good faith waiver for accuracy-related penalties means employers may need to take additional care to create accurate forms consistent with their organizational structure, health care plans and workforce.
Employers who wait until year-end and simply file the forms produced by their technology platform without carefully reviewing their data may run a greater risk of financial penalties, organizational disruptions (chaos) and reduced internal credibility.
An ACA compliance vendor must not only create and file forms, but they should also be forward-looking collaborators that can help businesses evaluate data, identify employee-level inconsistencies between ERP systems, help resolve data problems in a timely manner, and anticipate upcoming regulatory changes.
What we can do for you
EY ACA Compliance Services offers a high-touch service model. We provide each client with a dedicated team of ACA subject-matter professionals who can help your business meet the evolving ACA compliance requirements and adapt nimbly to changes that are almost certain to come. Our team includes experienced benefits managers, certified public accountants, and data analysts who can help you simplify your ACA reporting process, saving time and money and reduce compliance stress.