By Bill Winter and Jenny Riley
Are You Ready to Execute the ACA?
he U.S. Senate tried their best to kill it. At first it was repeal and replace the ACA (or “Obamacare” if you prefer). Next came repeal, followed closely by “skinny repeal” (whatever that means). Despite their efforts, the Senate failed to execute the ACA. With the ACA still alive, where does that leave employers? Like it or not, employers have been left to execute the ACA.
To clarify, we don’t mean employers now have their chance to undo Obamacare. In fact, it’s just the opposite. The responsibilities of employers under the ACA remain unchanged. It’s entirely on the shoulders of ap6 | CALIFORNIA BROKER
plicable large employers – and their HR departments – to live, breathe, comply with, and execute the requirements of the ACA. To be fair, we should mention employers aren’t the only ones preparing - CalBrokerMag.com -
to execute. The IRS is still in the mix. In recent days, the IRS has shown signs they too are ready for execution: • The IRS issued draft versions of the 2017 reporting year forms 1094-C and 1095-C in late July. While reOCTOBER 2017
California Broker October 2017 Edition