The Affordable Care Act 2015 & Beyond COMPLIANCE CHECKLIST

PLAN DESIGN CHANGES Grandfathered Plan Status Cost‐sharing Limits Health FSA Contributions

PLAN ADMINISTRATIVE COMPLIANCE Reinsurance Fees HIPAA Certification Employer Penalty Rules – ALE Status – One-year Delay for Medium-sized ALEs – Transition Relief for Non‐calendar Year Plans

PLAN ADMINISTRATIVE COMPLIANCE (cont’d) Affordability of Coverage Reporting of Coverage

Looking Ahead to 2016 New Reporting Requirements: – All employers subject to ACA’s mandate to “Pay or Play” will be required to report key information – Two new tax forms due in early 2016 – Forms 1094-C (due to Employees by 1/31/2016) and 1095-C for ALE’s (filed with IRS by 2/29/2016) – In 2016 the IRS will not penalize employers who show a “good faith effort” to comply – 2017 has increased penalties for non-compliance

Questions ? Ann B. Chiodini, CPA, CMA