Combined with our HR services, our cloud solution provides the tools and expertise to help you determine which employees are eligible for coverage and ensure your company remains compliant with Affordable Care Act (ACA) regulations.
Calculating and predicting your company’s classification, specifically, if you are considered a “large employer,” is a huge part of determining which ACA regulations apply to you. With our ACA module, we are able to analyze your company size across any date range, so you can deliver the right benefits in compliance with ACA requirements.
Other key ACA compliance features include:
Eligibility for new hires
Whether your healthcare plans pass the affordability test
Determining eligibility for employees with flexible hours can be a challenging and time-consuming process. With eligibility reports, you can quickly and easily determine if employees meet the full-time equivalent (FTE) threshold.
According to the ACA, to be considered affordable, an employee’s cost of the lowest cost ACA-compliant plan available must be 9.5% or less of their annual household income. The HR Cloud helps you ensure that you are providing one of the three approved calculation methods for affordable and compliant healthcare options.
As ACA regulations are added and modified, the ACA module is updated so that your company has the necessary tools and information to remain compliant, including the upcoming 1094 and 1095 requirements. Our ACA service includes:
Producing and submitting 1094 and 1095 forms
We'll take the time to investigate, review and pursue relief for ACA penalties