In case you haven’t heard, the Affordable Care Act (ACA) isn’t going anywhere. Earlier today, the Supreme Court approved federal subsidies for health insurance through the HealthCare.gov exchange under the Affordable Care Act. You can read more on the 6 -3 ruling from Lockton’s Compliance Services team.
So what does this mean? In short, ACA is here to stay, and as employers you have to be ready to report to stay compliant. You can ensure compliance utilizing technology (of course technology plays a role!) from one of the many vendors with solutions in this space. However, time is running out to be able to select and implement the technology needed to do the necessary reporting and filing you might need. Not only are you running out of time to implement, but you may also be running out of vendors from which to choose. Several of the big players in the ACA compliance technology space are drawing the line due to resource constraints and the upcoming implementation timeline cut-off.
The following ACA technology vendors have notified us of their cutoff dates for taking new clients this year:
- ADP Major Accounts – June 17, 2015
- ADP National Accounts – Mid-July 2015
- Equifax – August 2015
- Health e(fx) – July 31, 2015
As you can see, time is running out, folks! If you have questions about ACA technology, please reach out! We can help!