ACA penalties are increasing in number and in cost.

Recent internal data reveals a significant escalation in penalty amounts for non-compliance with the Affordable Care Act (ACA), with employers reporting a surge in penalty assessment letters from the IRS. In 2019, penalties increased to $25,000, but by 2021, they soared to over $1 million, averaging $127,536.32 per employer. This trend signals a major enforcement push by the IRS, emphasizing the critical need for employers to comply with ACA provisions and accurately report coverage.

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Surge in ACA Penalties: Discover the alarming trend of rising penalty amounts for ACA non-compliance.
IRS Enforcement Tightens: Learn about the IRS’s intensified scrutiny and what it means for your business.
Staggering Penalty Increases: From $25,000 in 2019 to over $1 million in 2021 – see the numbers that can’t be ignored.
Average Costs for Employers: Understand the financial impact with average costs per employer reaching over $127,000.
Compliance is Key: Find out why full compliance with ACA provisions is more crucial than ever.
Wake-Up Call for Businesses: Read why it’s essential to review and adjust health insurance offerings now.

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We do not offer tax or legal advice and because of the complexities of the ACA, we encourage you to work with local legal counsel.