BTerrell Group Blog

A Study in Unintended Consequences - ACA Results in Shorter Employee Workweeks

Posted by Brian Terrell on Mon, May 18, 2015

The construction industry seems to be booming in the Dallas/Fort Worth metroplex, so I was surprised to recently hear of a young man in Dallas having trouble finding a job working 40 hours per week in that industry. As I considered the situation, I realized that many companies may be lowering the number of hours available to employees, and this could be an unintended consequence of Affordable Care Act (ACA) requirements taking effect in January 2015.

Read More
0 Comments Click here to read/write comments

Tags: Affordable Care Act, ACA, AmeriFlex, Workforce Go!, ACA compliance,

Are You Prepared for the 2015 ACA Reporting Requirements?

Posted by Brian Terrell on Tue, Dec 09, 2014

Starting in January 2015, the Affordable Care Act (ACA) requires employers to significantly increase their information reporting responsibilities. For example, if your small business (fewer than 50 employees) provides self-insured health coverage to your employees, you must file an annual return reporting certain information for each employee you cover.

For larger employers (50 or more employees), the reporting requirements are even greater. Starting in calendar year 2015, large employers must file an annual return reporting whether and what health insurance you offered your employees. In addition, if large employers provide self-insured health coverage to employees, they also will have to file an annual return reporting certain information for each employee covered. All three of these rules were optional in 2014.

Read More
0 Comments Click here to read/write comments

Tags: AmeriFlex, AmeriFlex Workforce,, ACA compliance,

Why Is It Important for Employers to be “Technology Ready” for the Affordable Care Act?

Posted by Brian Terrell on Thu, Sep 11, 2014

By now, you have surely heard about the employer mandate included within the Affordable Care Act (ACA), often referred to as “play or pay.” (Quick recap: Employers must offer “minimum essential health coverage” to full-time employees that is both “affordable” and offers “minimum value.”) But do you understand all of the implications on your small or midsize business? Does the mandate apply to you? How do you calculate full-time employees?  Do you factor in employees working for your company outside the United States? What if you make a mistake?

Here are a few startling details about the employer mandate that I’ve come across:

  • If an employer subject to the mandate does not provide “minimum essential health coverage” to full-time employees and a full-time employee then obtains subsidized coverage on an exchange, the IRS may assess an annualized penalty equivalent to $2,000 multiplied by the total number of full-time employees in the workforce.
  • If coverage offered is not considered “affordable,” then the IRS may assess an annualized penalty of $3,000 per eligible employee who seeks subsidized coverage under an exchange.
Read More
0 Comments Click here to read/write comments

Tags: ACA, technology ready for ACA, AmeriFlex, Affordable Care Act technology

All posts