ACA Requirements Checklist

Post on 08-Aug-2015

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Transcript of ACA Requirements Checklist

SummertimeACA Chores

2015 Form1095-C/1094-CConfirm strategy by: 8/1/15

2018 CadillacTax Mitigation

Begin letting employees knowthat FSAs might go away.

Consider the impact of retiringany Health ReimbursementArrangements (HSAs).

Evaluate the impact of ceasingemployer HSA contributions.

If allowing employees tocontribute to HSA's pre-tax viayour Section 125 plan, considerif you would facilitate after-taxcontributions.

Make sure Dental & Visionplans meet the definition ofExcepted.

Confirm if your payroll vendorwill prepare, distribute ande-file these forms.

If they will not, hire a specialtyfirm best suited for yoursituation.

For self-funded plans, confirmthat dependent SSNs arehoused in your system. If not,establish a plan to obtain them.

Reminder!

Complete initial preparationby: 9/1/15

- Payroll & specialty

vendors will likely stop

taking new orders by late

summer.

- If you're not completing

W-2s by hand, why

complete these forms by

hand?