Compliance
For questions regarding compliance and documentation
40 articles
- What are the ACA affordability rules for Applicable Large Employers?
- What percentage of an employee's income counts as 'affordable' coverage?
- Do individual health plans meet the ACA minimum value requirement?
- How is ICHRA affordability calculated when employees have many plan choices?
- What does Thatch verify when it verifies my business?
- What is the lowest cost silver plan (LCSP) and why does it matter for my CHOICE?
- What are CHOICE classes and how can I vary health budgets between employees?
- What is the 3:1 rule for ICHRA allowances?
- Does my ICHRA allowance have to increase with employee age?
- How does Thatch design an affordable employee health budget strategy for my company?
- What is a rating area and why does Thatch use it to build CHOICE classes?
- How does Thatch make sure new hires get an affordable employee health budget mid-year?
- Can I change CHOICE class contributions in the middle of the plan year?
- Does Thatch check my employee health budget design against the CHOICE rules?
- What happens if Thatch needs extra documents to verify my business?
- What business information do I need to give Thatch to verify my company?
- Who counts as a key owner that Thatch has to verify?
- Does a 25% shareholder in my company need to be verified?
- Which job titles count as having 'significant control' of my business?
- What does Thatch actually ask for during the verification process?
- How many people at my company have to complete identity verification?
- How do I tell Thatch who my key owners are?
- What personal information do key owners have to provide?
- What is Footprint and why did my key owner get an email from it?
- When do I need to complete business verification as a new employer?
- Do I have to finish business verification before I can enroll my employees?
- Do I have to redo business verification every plan year?
- Is business verification a Thatch rule or a banking requirement?
- What do I get out of completing business verification?
- Will business verification affect my business credit?
- Who at Thatch can see the business information I submit?
- What is a Section 125 cafeteria plan and do I have one with Thatch?
- Does my company count as an ALE for affordability purposes?
- What if someone's ownership dropped below 2% partway through the year?
- Does my spouse or child count as an owner for the 2% ICHRA rule?
- Can Thatch still help someone who isn't eligible for tax-free CHOICE reimbursements?
- Can owners of an S Corp, partnership, or passthrough LLC receive ICHRA benefits?
- Why does Thatch ask for my business information?
- Health benefits for owners of S corps, partnerships, and other pass-through entities
- Supporting team members who aren't eligible for CHOICE (formerly ICHRA)