The Affordable Care Act (ACA or “Health Care Reform”) affects different companies in different ways. HBL understands how each company’s individual characteristics affect its compliance requirements. We advise clients with respect to implementing changes in response to the ACA, such as restructuring benefit plans. We also provide guidance for businesses on employer responsibilities (including “Pay or Play”), taxes and fees, payroll implications, reporting requirements, employee communications and retiree medical benefits as these topics relate to employer-sponsored group health plans.
Specifically, HBL provides ACA-related legal guidance as follows:
- Counsel employers on understanding employer “pay or play” and the decision-making playing field
- Advise employers on measurement periods (including initial measurement, stability and administrative periods) for ongoing and new employees
- Prepare templates for tracking ongoing and new employees
- Provide guidance on ACA reporting requirements under Code Sections 6055 and 6056