More than half of surveyed companies find ACA compliance burdensome, new study shows
The study said that 53% of respondents said their ACA compliance requirement were overly burdensome, 21% said the requirement were somewhat burdensome.
In a recent survey, more than 50% of company officials said compliance with Affordable Care Act (ACA) requirements is overly burdensome. More than half (55%) said employee misclassification is the most common potential problem when it comes to ACA compliance. And 1 in 4 respondents said they had been audited by the IRS for potential non-compliance.
The survey, from TRUSAIC and Creelman Research, recently gathered data from 244 professionals involved with ACA compliance. The research showed that ACA compliance is especially burdensome for companies with large numbers of low-paid, variable work employees and low participation in company health plans. Overall, although many companies found it burdensome, a majority also reported it was easy to comply with ACA regulations.