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42.

Meeting Date:	04/27/2015
The Affordable Care Act (ACA)
Submitted for:	Rosie Rodman	Submitted By:	Rosie Rodman
Department:	Administrative Services

Subject:

Discussion and possible action to enter into a program agreement with the Texas Association of Counties and Employee Benefit Pool to compile a reporting requirements to the Internal Revenue, beginning January, 2015 for calendar year 2015 not to exceed Two Thousand Three Hundred Eighty Dollars ($2,380.00). [Account #001-816-0105-6022 (Professional Services)]

Issue: The Affordable Care Act (ACA) requires reporting pursuant to Internal Revenue Code Sections 6055 and 6056 beginning January 2015 for calendar year 2015. This reporting will consist of forms which must be provided both to employees and the IRS. The information provided will be used to determine: 1) whether individuals are subject to fines under the ACA individual mandate; 2) whether individuals are eligible for a federal premium subsidy or tax credit; and 3) whether employers are subject to penalties under the Affordable Care Ace (ACA) employer mandate.

Solution: The Texas Association of Counties Health and Employee Benefits Pool (TAC HEBP) is offering the Affordable Care Act Reporting and Tracking Service (ARTS) which will enable you to produce your section 6055/6056 forms. ARTS will also provide measurement period tracking for 2016 and beyond, as well as affordability testing for groups who require employee contributions toward the cost of their own health coverage.

Result: Effective and Efficient compliance with IRS Rules and Regulations of Full Time and Part Time employees.

Background:

N/a

Previous Court Action:

n/a

Fiscal Impact

Budget Account Number:	n/a
Funding Source:	n/a
Balance:	n/a
Financial Impact:
n/a

Attachments
Affordable Care Act