In this week's episode, we dive into the ACA reporting changes that have recently been implemented by the federal government. With the end of good faith compliance, it's more important than ever to ensure your reporting is accurate.
Jessica Waltman, vice president of compliance at MZQ Consulting, will discuss the impact of the family glitch and changes to the affordability percentage on employer coverage. Employers will want to pay close attention as we explore the potential consequences of noncompliance and the steps you can take to ensure your coverage meets the new standards.
What You’ll Learn From This Episode:
2:19 What is RX DC reporting and why is it important as a new federal reporting requirement for group benefit plans
4:42 Causes of delays in data collection and reporting.
6:34 Compliance and reporting requirements for group health plans and good Faith compliance standard
9:07 New online plan transparency tools for health plans.
12:40 The impact of machine-readable data on network development and cost control.
14:56 ACA reporting changes: No more good faith compliance and increased penalties for mistakes.
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