The Patient Protection and Affordable Care Act (PPACA), commonly called the Affordable Care Act (ACA) was signed into law on March 23, 2010. The first year of required reporting will be for the 2015 year and it will need to be completed in the first quarter of 2016.
Applicable Large Employers (A Read more...LE) that have 50 or more full-time employees will have annual reporting responsibilities concerning whether and what health insurance they offered to their full-time employees. Infor has released an HRM Affordable Care Act Solution for HRM customers that will provide the programs necessary to gather and track the additional information that is required to be reported to the IRS and employees. The intention of this group is to serve as a resource and provide a communication tool for collaboration among the Infor customers that are implementing the new solution.