Lots of people are assuming that they will not be affected by the new employer reporting requirements for the Affordable Care Act. Here are some of the comments that I hear from people:
1. We don’t have 50 full time employees so we are not affected.
2. Each of our companies is smaller than 50 employees so we don’t care.
3. All of our employees have insurance, so we don’t need to track anything special.
4. Our broker is doing the reports for us.
5. Reports? What reports?
If you have heard any of those comments and thought they were reasonable, stay tuned. We will be discussing the reporting requirements for the Affordable Care Act in greater detail and what will be needed to ensure compliance.