A. Overview
The Patient Protection and Affordable Care Act (ACA) is 906 pages long, not including almost 9,000 pages of regulations. It affects everything and everyone connected to health care.[1]
It’s one thing to be affected by the ACA. But it’s another to be responsible for complying with it. If you’re reading this page, it’s probably your job to get it right, or at least to get the right information to a payroll or accounting firm. We’re here to help you understand these rules. We won’t cover all of the ACA, just the rules that apply to public employers in Minnesota. And we’ll try to keep it simple. We promise to keep it simple!
Most employers seek help from accountants, payroll services and other experts that assist local governmental units with compliance and IRS filings. We think that’s a great idea and urge you to do the same. Because of what’s at stake, however, it’s worth developing in-house expertise even if you outsource most of your ACA compliance work. Compliance with the ACA requires appropriate classification of employees and accurate counting of hours. Vendors that assist with ACA reporting will be entitled to rely on the information you provide them. If the information is wrong, the reporting will be wrong.
Our goal in providing this service is to give you a good working knowledge of how the ACA applies to employers. But we don’t expect you to learn it all at once. Once you have a general understanding, our website has search tools, links, worksheets, and examples (which we try to make entertaining, apologies in advance). Our goal is to help you get the answers you need on a day-to-day basis. We want to make you an expert over time as you learn to use the website and apply these rules to your workforce. Think of it as a resume builder. Anyone who learns this stuff is worth more than they are paid today.
DISCLAIMER. We’re describing general rules under the ACA for educational purposes only. Kinney Health Compliance is not a law firm or an accounting firm and does not provide legal or tax advice. Each employer’s situation is unique, and this module should not be relied upon as legal or tax advice. If you desire legal or tax advice, or if your specific situation requires it, you should consult with attorneys or tax advisors of your own choosing.
Now let’s have some fun!
[1] Don’t take it from us. When it was passed, then Vice President Biden said on a hot mic that “It’s a big f***ing deal!”