Most employers have still not determined how they will comply with complex Affordable Care Act reporting requirements that began January 1 and are due to the Internal Revenue Service and employees starting in 2016.
The forms must contain data for employees and their dependents for every month in 2015, but a PricewaterHouseCoopers and Equifax study found one-quarter (26%) of small employers (<1,000 employees) are still undecided if they will implement a reporting solution in-house or outsource it. More than one-third (37%) of large employers (>5,000 employees) said they were in discussions with outsourcing vendors while 12% have not yet considered any solutions or do not know.
