Most Employers Unprepared for Health Care Law Reporting
The majority of employers have not yet implemented a strategy to comply with new reporting requirements under the Federal health care reform law that took effect earlier this year.
According to a recent survey conducted by PricewaterhouseCoopers LLP and Equifax Inc. only 10% of 480 employers surveyed indicated that they already have an in-house or outsourced solution in place to compile necessary data and submit appropriate IRS to comply with the Affordable Care Act.
According the PwC survey of employers with fewer than 1,000 employees, “16% indicated that they have not even considered a solution for the reporting requirements or do not know what kinds of solutions to consider.”
IRS reporting is just one aspect of the complex compliance issues employers are facing. At Van Beurden Insurance Services we have solutions designed to help employers meet those compliance obligations.
If you’re like most employers and do not have systems in place or are unaware of your obligations, contact me today to schedule a complimentary risk assessment.