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What are the Four Core ACA Relevant Data Silos?
The four court ACA relevant data silos are critical for managing ACA compliance. To learn more, please visit https://firstcapitolconsulting.com/data-quality-is-critical-for-aca-compliance-webinar/
What Makes up the Different Four Core ACA Relevant Data Silos?
Each ACA relevant data silo captures many different types of data points. Ensure you are grouping yours accurately. To learn more, please visit https://firstcapitolconsulting.com/data-quality-is-crit
What is the Life-Cycle of a Data Point?
Learn about the life-cycle of a data point here. To learn more, please visit https://firstcapitolconsulting.com/data-quality-is-critical-for-aca-compliance-webinar/ Interested in our services? Check
What are the 5 Dimensions of Data Quality?
The 5 dimensions of data quality are completeness, validity, consistency of information across silos, consistency of information across data fields, and anomaly detection. To learn more, please visit
What are ALEs and What are Their Responsibilities Under the Employer Mandate?
Applicable Large Employers (ALEs), organizations with 50 or more full-time employees and full-time equivalent employees, are required to offer Minimum Essential Coverage (MEC) to at least 95% of their
How Big can IRS ACA Penalty Assessments be?
IRS penalties, both 4980H and 6721/6722 , can be in the millions of dollars range. To learn more, please visit https://firstcapitolconsulting.com/data-quality-is-critical-for-aca-compliance-webinar/
What is the 4980H(a) Penalty?
The 4980H(a) penalty is sometimes called the hammer penalty because of how high the penalty can be for employers that do not offer adequate health coverage.
What is the 4980H(b) Penalty?
The ACA 4980H(b) is issued by the IRS to employers that fail to offer health coverage that meets minimum value and is affordable for the employee who received the offer.
What are 6721/6722 ACA Penalty Assessments?
Organizations who do not file accurate ACA information or file late or fail to file information with the IRS or distribute 1094-C or 1095-C forms to employees can also be subject to IRS penalties unde
How are 6721/6722 Penalties Assessed?
Penalties under IRC 6721/6722 are imposed on employers that fail to file and furnish 1095-Cs to the IRS and their workforce. Penitents increase over longer elapsed time. To learn more, please visit h
What are the Three Pillars of ACA Compliance Management?
The three pillars of ACA Compliance Management are: Regulatory knowledge, documentation and record-keeping; and data quality management. To learn more, please visit https://firstcapitolconsulting.co
What Does a Monthly ACA Data Quality Management Process Look Like
A monthly ACA data quality management process incorporates many moving parts. Organizations can minimize penalty exposure by implementing monthly ACA compliance. To learn more, please visit https://
Why Does Data Quality Matter?
Data quality ensures accuracy across many business initiatives, including ACA compliance.
What is the hidden ACA “C” penalty?
Employers should be mindful of the implications of the ACA's hidden "C" penalty under the Employer Mandate.