Published November 3, 2016
5 Things Every Restaurateur Should Know About ACA Compliance
Understanding the Affordable Care Act can be very confusing. Restaurants seem to have an even harder time complying with this law since many of their employees are part time and may or may not qualify depending on how many hours they work. It is important to make sure each employee is offered qualifying coverage where appropriate, but also to understand the appeals process for when notices are received stating that fines will be issued for not offering coverage. Meticulous records are one of the most important steps in proving compliance and also avoiding compliance notices in the first place.
Key Takeaways:
- As a restaurant owner or manager, you understand the difficulty inherent in compliance.
- The U.S. Department of Health and Human Services has begun issuing these marketplace exchange subsidy notices, which are the first step in the process of IRS-generated fines
- You likely have a part-time crew of hourly workers with a broad pay scale, and staying on top of health plan eligibility is a chore.
“The U.S. Department of Health and Human Services has begun issuing these marketplace exchange subsidy notices, which are the first step in the process of IRS-generated fines.”
https://www.fsrmagazine.com/kitchen-sink/5-things-every-restaurateur-should-know-about-aca-compliance
Related Post:
Published November 3, 2016
5 Things Every Restaurateur Should Know About ACA Compliance
Understanding the Affordable Care Act can be very confusing. Restaurants seem to have an even harder time complying with this law since many of their employees are part time and may or may not qualify depending on how many hours they work. It is important to make sure each employee is offered qualifying coverage where appropriate, but also to understand the appeals process for when notices are received stating that fines will be issued for not offering coverage. Meticulous records are one of the most important steps in proving compliance and also avoiding compliance notices in the first place.
Key Takeaways:
“The U.S. Department of Health and Human Services has begun issuing these marketplace exchange subsidy notices, which are the first step in the process of IRS-generated fines.”
https://www.fsrmagazine.com/kitchen-sink/5-things-every-restaurateur-should-know-about-aca-compliance
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