This session will teach executives, total rewards and HR personnel, benefits managers, lawyers, compensation experts, and others about Affordable Care Act (“ACA”) compliance challenges facing employers in 2020. Additionally, participants will learn about the Internal Revenue Service (“IRS”) and its increasing ACA enforcement trends. Participants will get up-to-date, practical guidance for how to think about ACA penalties, and most importantly, how being proactive can reduce or eliminate ACA exposure. Also addressed will be complications pertaining to state individual mandates. States such as New Jersey, California, Vermont, Rhode Island, have enacted individual mandates which create new compliance burdens for employers. More states are actively considering adopting such measures.

Finally, participants will be taken through the nuts and bolts of how the IRS ACA Compliance Validation (“ACV”) System tracks employer compliance and assesses ESRP penalties. Leading this session will be Joanna Kim-Brunetti, Esq., Vice President of Regulatory Affairs for Trusaic. Joanna is a former partner with Akin Gump Strauss Hauer & Feld with over 20 years’ experience advising clients on a wide range of employment, tax, intellectual property and other related business issues.

After this session, you will:

• Understandthe latest IRS ACA enforcement trends, so that your organization can be proactive in its ACA compliance efforts;
• Learn how state individual mandates are filling in the gap left by the elimination of the federal individual mandate penalty, and creating compliance burdens for employers;
• Know some of the ways in which the COVID-19 pandemic has impacted ACA compliance;
• Learn how the IRS Compliance Validation (“ACV”) System tracks employer compliance and assesses ESRP penalties.