SEVERE CONSEQUENCES FOR COMPLIANCE FAILURE
The ACA mandate is currently in effect. Employers failing to comply with the requirements are subject to penalties, taxes and fines depending on the ACA requirement and nature or extent of the violation. 

Firms with 100 or more full-time equivalent employees (FTE) needed to insure at least 70% of their full-time workers by 2015 and 95% by 2016. Small businesses with 50-99 FTE needed to start insuring full-time workers by 2016. Deadlines have come and gone. Now, the consequences are here!

 
  ( per Kaiser Family Foundation )

                              Missing Puzzle Pieces

Have you ever worked on a complicated jigsaw puzzle only to realize you didn’t have all the pieces? Maybe they fell on the floor or someone jokingly hid a couple of corners to drive you to frustration. Business owners are beginning to discover the missing ACA puzzle pieces. Opening the mailbox, finding envelopes with penalties and/or taxes for NOT offering coverage, FOR offering incorrect coverage or committing IRS REPORTING VIOLATIONS. Applicable Large Employers (ALE’s with 50 full-time employees, including Full-Time Equivalents) subject to the ACA shared responsibility provisions are also receiving these penalty fees:
  • Employers not providing coverage-$2,000 fee per full-time employee (minus the first 30 full-time employees).
  • Employers providing coverage not meeting minimum-value and affordability requirements-$3,000 per full-time employee receiving subsidies, or $2,000 per full-time employee (lesser minus the first 30).
     But wait- there’s more... How about the $100/day/EE/Violation Reporting Fee?
     
THE GOOD NEWS!
We have the ACA Alternative Solution. If you’re losing sleep because of the demands created by Healthcare Reform, if you haven’t filled out your ACA Forms or you’re worried you’ve filled them out incorrectly, OR if you’ve received your 30 Day Notice, we have the program to help!
AccountFirst Introduces "NATIONWIDE HEALTHCARE REFORM ALTERNATIVE"
1851 University Blvd. S, Jacksonville, FL 32216
Phone 1-800-214-9789 | AccountFirst.com