Why the feds started auditing firms for health reform compliance
Companies that were thinking about waiting until the Supreme Court rules on healthcare reform to continue with their compliance efforts may want to rethink that move.
Why? For the first time since the health reform law went into effect back in 2010, the DOL has begun auditing health plans to make sure they’re complying with the law.
Even if the High Court does strike down the entire law, employment law attorneys expect the feds to hold firms responsible for any violations that were made while the law was still on the books.
That means it’s in employers’ best interest to take a business-as-usual approach to complying with the law now.
Of course, it doesn’t hurt employers to look for aspects of their plans they may want to change if the law is struck down – and talk to their providers about how to make that happen (Supreme Court is expected to rule by June).
In the meantime, a breakdown of what the DOL will be looking for from employers when it comes to healthcare reform compliance can be found right here.
Free Training & Resources
White Papers
Provided by Anaplan
Further Reading
The Internal Revenue Service (IRS) has released the Affordable Care Act (ACA) affordability update for 2027, giving employers a new figure ...
The Securities and Exchange Commission (SEC) just fined a company $35 million because it didn’t maintain adequate disclosure rules fo...
A missed federal payroll tax deposit can trigger hefty penalties — they just went up on July 1. But a new IRS program could provid...
Sales tax compliance is a demanding job for finance teams like yours. For example, comparing the number of tax rate changes across the U...
Employee experience – including employee mental health – has become a higher priority for many organizations, according to rese...
Late or slow payments continue to stall progress for today’s finance teams. These delays often stem from large organizations renegotiatin...