ACA Compliance: Avoiding The 30 Penalty Triggers
The Affordable Care Act (ACA) imposes a number of provisions and new requirements on employers and employer-sponsored health plans. You must comply with these new provisions and requirements or risk financial penalties, excise taxes, lawsuits and/or other non-monetary damages. This session will review market reforms that are already in place, as well as those that yet to be implemented, along with a discussion of the penalties for non-compliance. This session will help you understand:
· How to comply with new ACA employer requirements, such as employer reporting and distribution of required notices.
· ACA financing provisions and the various associated fees and taxes.
· The potential consequences for non-compliance with any of the ACA regulations.
David Lindgren
David Lindgren is a Senior Manager with Flexible Benefit Service Corporation (Flex), a fullservice wholesale insurance firm and administrator of tax-advantaged benefit plans based in Rosemont, Illinois. David oversees the Compliance and Public Affairs departments at Flex and brings fifteen years of experience to his role.
He is a subject matter expert in the areas of ERISA, HIPAA, Cafeteria Plans, Healthcare Reform and various Employee Benefit Programs, including consumer-driven plans that incorporate Health Reimbursement Arrangements (HRAs), Health Savings Accounts (HSAs) and wellness programs.