Vast Majority of Employers Unprepared for Health Reform Reporting Due in 2016

This is from Matt Dunning at Business Insurance:

... Only 10% of 480 employers surveyed by PricewaterhouseCoopers L.L.P. and Experian P.L.C. indicated that they already have an in-house or outsourced solution in place to track benefits eligibility of their full-time employees and submit annual reports to the Internal Revenue Service to document their group plans’ compliance with the Affordable Care Act. 

The first reports are due in early 2016 for employers with at least 100 employees, but employers’ reports must contain month-by-month data for each employee. 

Sixteen percent of employers polled said they have not yet even considered a solution for the reporting requirements or do not know what kinds of solutions to consider, according to the PwC survey. That group was made up primarily of small employers with fewer than 1,000 full-time employees. 

Overall, 74% of employers indicated they are in the process of evaluating an in-house solution or are considering or have committed to an outsourced solution. ...