ACA Employer Mandate Penalty Increase for 2021

In 2021 Internal Revenue Code (IRC) Section 4980H penalty amounts will be indexed with inflation yet again, as follows:

• Penalty A (“No Coverage”) has been increased to $2,700 multiplied by the number of full-time employees in excess of 30.
• Penalty B (Not Minimum Value/Affordable) has been increased to $4,060 multiplied by the total number of full-time employees who receive the government subsidy in the Exchange, with a maximum penalty of the “No Coverage” penalty.

Marshall & Sterling can help!

At Marshall & Sterling, we have been providing a comprehensive and time proven solution to ACA compliance since the Employer Mandate’s inception. With our complete ACA Dashboard, the burden of complying with the ACA is almost completely removed.

Our flexible and simple to use technology provides peace of mind to employers by automating all aspects of ACA compliance, including:

• Data collection and preparation, including consolidation of data across different platforms
• Ongoing employee hour and measurement period tracking, including alerts for employee status & eligibility
• Regulatory guidance and personalized support from our team of ACA experts, every step of the way
• Stress-free federal (1094-C/1095-C) and state ACA filing, ensuring complete accuracy and timely submission
• Audit protection, including defense against Letter 226J or in the case of an IRS audit

Contact us today to learn how we can help your organization.

To learn more about ACA compliance and the Employer Mandate click here to download our complimentary guide.