How Can Paychex Help with Health Care Reform?
Many regulations have emerged since the inception of the Affordable Care Act in 2010. Many changes to the provisions have occurred, and as a result, many employers are concerned with how they will understand, keep up, and comply with the provisions that apply to them. Paychex is taking a proactive approach as it helps clients navigate and comply with the numerous provisions, some of which include:
- Requirement for employers to provide a notice to employees about health insurance exchanges (also known as marketplaces)
- W-2 Reporting requirement for businesses filing more than 250 Forms W-2
- 90 Day Waiting Period requirement