November 2014 NewsLetter, "More than Four Years after Passage: Assessing Your Plan's Compliance with the Affordable Care Act"

Abstract

Since the Affordable Care Act became law in March 2010, the layers of complexity associated with compliance have multiplied. Consequently, now is an excellent time for trustees of multiemployer plans to check their group health plan's compliance with the law's current requirements - and to assess their readiness to meet coming compliance challenges.

An assessment will identify any actions that should be taken to reduce the risk of penalties and fines associated with noncompliance. An assessment will also help safeguard the plan from Affordable Care Act violations in the event of an audit by the Department of Labor (DOL), as part of the DOL's ongoing health and welfare plan audit program.

This NewsLetter provides an overview of how to assess a group health plan's Affordable Care Act compliance status.

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