Affordable Care Act compliance may not be fun, but there are consequences for failing to abide by the rules. Some advisers and employers might take the incoming administration’s talk about “repeal and replace” as a free pass for reporting. Even though President-elect Trump takes office this month, the 2016 reporting season is already underway, and penalties are still in play.
Until any real changes to the ACA are passed, the safest course of action for your clients is to continue to fulfill their ACA obligations as they stand today. We don’t know what healthcare reform and ACA reporting will look like in 2017, but we do know that change won’t be immediate.
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