Among the most important compliance pieces are the reporting requirements, which can be quite cumbersome and costly if neglected. Select the description that best fits your organization. (If this has you terrified, hit the ESCAPE NOW! button.)
If your forms are filed late or inaccurately, you could be fined the following per form.
Willful failure to provide the Summary of Benefits and Coverage to employees could result in this fine, plus a possible excise tax of $100 per day, per individual.
You could be fined this amount for each full-time employee receiving credits or subsidies for coverage, or $2,000 per the total number of FTEs (not counting the first 80), whichever is less
Erase the concerns and nightmares by eliminating your ACA compliance threat.
Gain a healthy compliance strategy to protect yourself from the fright fest that is the Affordable Care Act's employer mandate.