How Smart Employers are Complying with the Affordable Care Act

How Employers are Complying with the Affordable Care Act

Employers that are facing the effects of the Affordable Care Act have been given a few years to prepare for the requirements of the law. There is one factor to look at. This is the preparation of any given organization to comply.


ACA Employer compliance

Organizations Are Surveyed

In an attempt to help organizations understand the ACA effect on U.S. employers, the employers and HR executives have been surveyed. The results provide insights on what the organizations are doing for compliance to the ACA. They also show what organizations are not doing.

The Person in Charge of Compliance

One would think a team is used to handle the ACA compliance. However, according to the survey, large corporations are leaving it to people in different positions to make the decisions about ACA compliance. The Chief Executive Officer makes the decisions in the majority of mid-sized businesses. However, the large business owners leave it over to Human Resources.

The Recipients of Coverage

According to the study, many organizations are going beyond the ACA full-time populations. They are also not putting a limit on employee hours in response to the requirements of ACA.


Strategic Decisions about ACA Compliance

The Reasons for These Decisions

Businesses are competing to attract talent. This is perhaps the leading reason behind these decisions that the businesses are making. Many organizations have revealed that the coverage is being extended to people who are not eligible for ACA full-time. Also, a small portion of mid-sized businesses are planning on limiting hours for some of their employees.

Employees Might Take on Some of the Health Care Costs

An ADP RI study reveals that there are some employers that are leaving the health care costs to their employees. Most mid-sized and large corporations are charging their employees with the use of co-pays and deductibles. Another thing revealed by the study is the emphasis being placed by employers into consumerism. This is to help employees to improve their decisions when buying health care.



Consumer Driven Health Plans

One very huge step towards consumerism is Consumer Driven Health Plans. This engages employees in the decision making process of health care coverage. This will make sure that the employees will get the health insurance that they need.

The Low Minimum Value Plan

The low minimum value plan is something that mid-sized employees are adopting in order to better comply with the ACA. This would also make process of reporting and record keeping simple. This could also help reduce the penalties of Excise Tax which is supposed to be put in effect in the year 2018.

Effective Addressing of Requirements

Employers are facing challenges when it comes to addressing the requirements of affordability under the ACA. According to the study, quite a bit of employers are not sure of the affordability safe harbors that they will give their employees. The employers should run tests in order to find a 60% minimum value plan that is also affordable.

Are Employers Prepared

There is a clear indication in the survey that most employers are still concerned with ACA compliance requirements. The majority of mid-sized and large sized employers do not believe in their organizations ability to accurately implement all of the requirements of the ACA. The inability to use data from other systems seems to be a major reason because this is needed for ACA compliance.


Prepared Employers

Employers That Are Prepared

Even some of the employers that have access to the necessary data for ACA compliance do not feel ready to compile everything in the report. They are not confident in their ability to present all of the needed information to the IRS. They are also unable to give employees notice on time.

The Effect of ACA on Employer Assets

While there is a necessity of resources because of ACA compliance, the employer’s assets are not going to be drained. Positive benefits can be taken from a third-party provider with a comprehensive solution to ACA. No matter the choice that the employer makes, the ACA has been passed as the new law. The employers now have to abide by the new standards for ACA compliance.


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8 Habits of People with Amazing Willpower

8 Habits of People with Amazing Willpower


Willpower in Business

There are specific habits that determined and exceptional people do every day in their lives. Those who aren’t as determined usually follow a different set of rules, and if you want to want achieve success in life and achieve your goals, you need to start making changes to how you live, how you think, and how you act.

The 8 Habits:

Count Your Blessings

– They Count Their Blessings

Any person who has accomplished big things in life will tell you that counting your blessings is so important in order to develop a sense of gratitude and inner happiness. The reason why you should start being more grateful is the fact that looking at the things you don’t have can be detrimental to how you see your life and yourself. You can either waste your time being ungrateful and looking at what you don’t have and feeling sorry for yourself. Or, you could be grateful and use that motivation to work hard on your new dreams and goals.

– They’re Productive with Life

Anybody who has ever achieved anything will tell you it is through their acts of hard work and development where they achieved success. They are productive and do what they can every day to make a change and be a step towards their goals.

The key is to be very consistent with your goals and dreams and to remember that productivity goes a long way. Every tiny step forward is a step closer.

– Persistence Daily

Persistence in Business

Persistence is a key in life. You need persistence to go through every failure, every bad meeting, every business that didn’t grow, and anything that puts you a step backwards. Any successful person will tell you hard work played a huge part to their success.

Persistence is all about never giving up and maintaining composure and optimism despite being rejected or things not going your way.

– Accepting Things You Can’t Change

Accept Things You Cannot Change

Mental strength is something you don’t have an unlimited supply of, so stop spending so much time and power trying to change things you really cannot control. For you, it may be something in your family, politics, global warming, or the horrible things happening in the world.

If you can vote for the right candidate, do it. Recycle whenever you can to help the Earth. However, you need to stop worrying every single day about the problems that you cannot control. Whether it’s a divorce your parents are going through or somebody in another world struggling with abuse, you don’t have power over those situations. The same goes for you. Stop worrying about the small flaws you have. Accept them and move forward.

– Learning from The Past

Determined and successful people learn from their past mistakes. They use it as a learning tool and accept that what is done is completely over and does not exist in this time of life. Instead of beating yourself over mistakes, you should remember to know that moving forward is the only way to go.

– Focusing On Being Yourself


Be Yourself

Stop worrying about the things you possess like your car or clothes. Anyone who likes you for those things is clearly somebody that only likes you for superficial reasons. Genuine and real relationships will make you happy with you just being yourself and not trying to impress other people.

Stop wasting time pretending to be something you are not to make others happy. Be with people who like you for you and not for the things you can do for them and for what you pretend to be.

– See Your Life as Something You Have Complete Control Over

Control your life

The reason why is because it’s very true. A quote often credited to Ignatius goes like this: “Pray as if God will take care of all; act as if all is up to you.”

This quote couldn’t be truer. You have complete control over your life whether you take responsibility for it or not. It’s the same thing with luck. It’s common for some people to feel like luck played a apart in their success. While some successful people feel it played a part, they never wait for some good luck to come their way for opportunity to strike. They know whether they succeed or failed, both were results of their actions.

– Stop with the Jealousy

Celebrate coworker success

Some people feel that they need to have all the success and that there isn’t enough to go around. Stop feeling like other people being successful means you can’t be. If a friend or business partner achieves some kind of growth or success, celebrate with them and be genuinely happy for them.

These are the eight habits that all driven, successful, and determined people do. Developing these habits and traits will help you take control of your life and make use of the time you have. Your dreams can be achieved but only with hard work and persistence.

Thanks again for your time on this business article.

As a side note, the deadline for filing your business tax returns is approaching. Our recommendation is that you file 1099 electronically this season. If you want to submit your tax forms safely this year, make sure you’re using the right software or internet service provider. With all the data breaches at large companies in the last year, you need to be sure you are working with a reliable provider.

A good benchmark is They are one of the industry leaders when it comes to online tax filings. They manage the 1099 filing for you, including printing and delivering the tax forms to your employees and contractors. Check out their Youtube video below. And have a great tax season!!

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