ACA Reporting
ACA Compliance Lessons Learned From Recent Reporting Seasons
Common themes emerge when reflecting on recent ACA reporting seasons that can help employers reduce administrative burdens and improve accuracy.
Employers
Question of the Week - Medicare Part D Notice of Creditable Coverage
Q.- We have a fully insured health plan. Do we still need to distribute a Medicare Part D Notice of Creditable Coverage?
Q.- We have a fully insured health plan. Do we still need to distribute a Medicare Part D Notice of Creditable Coverage?
A.- Yes, if you have Medicare-eligible employees or dependents in your workforce. Employers and unions that sponsor group health plans are responsible for distributing the Medicare Part D Notice of Creditable Coverage to Medicare-eligible employees and dependents whether the plan is insured or self-funded.
Benefit Allocation Systems (BAS) provides online solutions for: Employee Benefits Enrollment; COBRA; Flexible Spending Accounts (FSAs); Health Reimbursement Accounts (HRAs); Leave of Absence Premium Billing (LOA); Affordable Care Act Record Keeping, Compliance & IRS Reporting (ACA); Group Insurance Premium Billing; Property & Casualty Premium Billing; and Payroll Integration.
MyEnroll360 integrates with major insurance carriers for enrollment eligibility management (e.g., Blue Cross, Blue Shield, Aetna, United Health Care, Kaiser, CIGNA and others), and with leading payroll platforms for enrollment deduction management (e.g., Workday, ADP, Paylocity, PayCor, UKG, and others).
This article is for informational purposes only and is not intended as legal, tax, or benefits advice. Readers should not rely on this information for taking (or not taking) any action relating to employment, compliance, or benefits. Always consult with a qualified professional before making decisions based on this content.
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