What Are the Fines Associated with ACA Non-Compliance?

According to the Congressional Budget Office, the IRS could collect more than $200 billion from liable applicable large employers (ALEs) over the next decade.

A penalty of $2,880 (for 2023) per full-time employee, minus the first 30, will be incurred if the employer fails to offer minimum essential coverage (MEC) to 95% of its full-time employees and their dependents, and any full-time employee obtains coverage on the exchange.

For example:

If a business with 150 employees has one full-time employee who buys tax-subsidized health insurance through the marketplace exchange, the employer's penalty in 2023 will be $345,600.

As a SOC 2-certified and IRS-certified platform, Clear ACA is a comprehensive software toolset designed to streamline and manage every aspect of your ACA compliance. From tracking variable hour employees to managing plan information and enrollment data, Clear ACA’s intuitive software clarifies the complexities of ACA compliance.

The Clear Software Solution

How Clear ACA Helps Simplify ACA Compliance

Our IRS-certified ACA management platform was the first software on the market to help employers with Affordable Care Act compliance. Built by the pioneers of ACA compliance, Clear ACA helps employers tackle the complex landscape of healthcare and employment reporting and compliance and remains the industry leader with its robust technology.

Clear ACA removes the burden of ACA compliance, offering the tools to guide your business toward higher compliance, lower financial risk, and streamlined ACA reporting.

Software for ACA Compliance Management:

Who Is Clear ACA Best for?

Clear ACA is the ideal software for organizations that manage their ACA compliance in-house, including:

• Technologically proficient people and quick learners
• Those who can possess an aptitude for grasping new concepts quickly
• Tailored to tech-savvy individuals 
• Those that can take care of tasks independently
• Companies that do not have complexities
• Brokerages looking to upgrade systems and streamline processes 
• HR teams with dedicated reporting personnel 
• Small organizations with steady full-time employees
• White-label partnerships with access to a partner manager

Looking to Outsource ACA Management, Reduce Workload, & Minimize Risk? 

With Total ACA, our experts provide hands-on support to guide you through compliance education, solution performance, and the year-end filing process.