Employers of 50 or more FTE's (Full-time Equivalents) have a shared responsibility under the law to provide affordable and quality healthcare to its employees. The flow chart below gives an illustration of who is responsible and what the penalty is for non-compliance.
Compliance and reporting within the law has become a gigantic burden on larger employers. At Bongiovanni Insurance & Financial we are here to be your guide in all things ACA and Reform. We will coordinate with your HR department, accountant, and payroll company to ensure that all proper reporting is done and that all benefits being offered meet the standards set by the law.