Midsized Employers Are Worried About Ongoing ACA Compliance Challenges

The Affordable Care Act and resulting ACA compliance challenges can be a tough labyrinth for employers to navigate. As an insurance agency focusing on group benefits management, Pontrelli, Timour & Associates understand the frustration of employers as they attempt to deal with the seemingly never-ending ACA compliance challenges. By focusing on compliance issues, business owners fail to do what they do best and really need to be doing – growing their bottom line. Luckily, PT Benefits can help your company overcome these difficulties, taking away unnecessary bureaucratic headaches.

Keeping Up With ACA Compliance Challenges

aca compliance challenges

Help with ACA Compliance Challenges

It’s hard to keep up with evolving regulations around the Affordable Care Act. As a result, employers are increasingly stressed about the volume of government regulation that often lead to fines and penalties for noncompliance. When it comes to senior level and C-suite executives at U.S. companies with 50-999 employees, two in five ranked the amount of government regulations as their top business concern in 2015. This is a significant spike when compared to previous years.

Business owners have less confidence in compliance with ACA regulations as compared to payroll tax laws and workforce regulations. When it comes to ACA compliance challenges, there are steps you can take to help your company avoid problems.

Three Basic ACA Compliance Steps That Can Help

  1. Seek expert help. Recognize that ACA compliance is not a one-time investment, but an ongoing journey. Trying to solve compliance challenges with only internal resources can sometimes end up costing more than working with an experienced Insurance Agency like PT Benefits.
  1. Take inventory of your current benefits plans and employee insurance offerings. Employing manual processes can increase the risk that critical information needed to deal with ACA compliance challenges is not being tracked. If you had trouble during your last ACA reporting cycle, you are likely to have trouble again. By working with PT Benefits, the manual processes are replaced by a well-oiled group benefits machine.
  1. Access quality ongoing service options. If getting a handle on the alphabet soup of regulations that go hand-in-hand with the Affordable Care Act, work with an experienced insurance agency that can provide ongoing service. There is no need to continue what seems to be an exercise in futility, By seeking the help of certified and trained ACA compliance experts, you not only can avoid penalties, you also can offer better employee benefits programs and improve employee morale.

PT Benefits Overcomes ACA Compliance Challenges

To learn more about how Pontrelli, Timour, & Associates can provide the help you need to overcome ACA compliance challenges, please pick up the phone and take the first step. By calling (626) 795-4138 and speaking with one of our group benefits managers, you can access the help you need today.