Staying on top of the Affordable Care Act (ACA) requirements is no small task, but with the right tools, it doesn’t have to be overwhelming. Businesses of all sizes are faced with the challenge of tracking employee hours, monitoring eligibility for health benefits, and ensuring timely reporting to the IRS. That’s where ACA-Track comes in, offering a full-service ACA tracking and reporting solution designed to simplify compliance.
What Makes ACA Compliance So Challenging?
ACA compliance requires businesses to track a variety of complex factors, including employee hours, eligibility for healthcare coverage, and reporting to the IRS. Employers must maintain accurate records for full-time employees, part-time workers, and variable-hour employees, each of whom may have different eligibility thresholds for health benefits. This complexity often leads to errors, misreporting, and potential penalties. ACA-Track eliminates these risks by automating key compliance processes, ensuring that your company stays on the right side of the law.
How ACA-Track Simplifies ACA Compliance
ACA-Track is designed to tackle the most difficult aspects of ACA compliance, offering a streamlined approach to tracking, reporting, and monitoring. Here’s how it works:
- Data Integration and Collection: ACA-Track seamlessly integrates with your existing payroll and HRIS systems, collecting employee data from timekeeping systems, payroll platforms, and manual time logs. This ensures that all employee hours worked are accounted for, regardless of the system used to track them.
- Automated Monitoring: The system continuously monitors employees’ eligibility for healthcare coverage and sends out advance alerts if any employee meets the required thresholds for ACA compliance. This proactive approach helps businesses avoid surprises and ensures that no one falls through the cracks.
- Comprehensive Reporting: ACA-Track automatically generates and files the required 1095-C and 1094-C forms, ensuring that your business meets IRS reporting requirements without the hassle of manual preparation.
Key Features of ACA-Track
ACA-Track offers a range of features that make it an ideal solution for ACA compliance:
- Flexible Configuration: Customize ACA-Track to fit your organization’s unique needs. From adjustable measurement periods to Cadillac tax settings, ACA-Track allows you to configure the system to match your specific requirements.
- Error Detection and Resolution: ACA-Track automatically checks for errors in your data and flags any discrepancies. Errors can be corrected quickly within the system, saving you time and effort during the reporting process.
- Dedicated Account Manager: Every ACA-Track client has access to a dedicated account manager who provides personalized support and ensures that you’re always compliant with ACA regulations. If you encounter any issues or need help with error correction, your account manager is just a call away.
The Benefits of Using ACA-Track
With ACA-Track, businesses benefit from a wide range of advantages that make ACA compliance less stressful:
- Peace of Mind: ACA-Track takes the guesswork out of compliance, ensuring that your business meets all ACA requirements on time and without errors.
- Save Time and Resources: By automating the tracking, reporting, and error correction process, ACA-Track helps businesses save valuable time and reduce administrative costs.
- Audit Support: In the event of an IRS audit or state healthcare exchange request, ACA-Track ensures that all your data is easily accessible and organized, providing you with the support you need during an audit.
Stay Ahead of ACA Changes
ACA regulations can change, and keeping up with those changes is vital for staying compliant. ACA-Track is constantly updated to reflect any new regulations or changes to existing ones, so you can be confident that your business is always up to date with the latest ACA requirements. You can focus on running your business, while ACA-Track handles the compliance details.
Why ACA-Track Is the Right Choice for Your Business
ACA-Track is designed with businesses of all sizes in mind, providing a scalable solution that can grow with your organization. Whether you have just a handful of employees or thousands, ACA-Track offers the flexibility and support to manage ACA compliance efficiently. Plus, the software’s user-friendly interface makes it easy for anyone in your organization to understand and use, with no special training required.
What’s Included with ACA-Track?
- Full-Service ACA Tracking and Reporting: ACA-Track tracks employee hours, monitors eligibility, and generates the required IRS forms automatically.
- Advanced Error Checking: The system detects any errors in your data, allowing you to correct them before submission to the IRS.
- Dedicated Support: ACA-Track’s client success team is available to assist you with any ACA compliance questions, offering personalized advice and assistance.
Conclusion: Simplify ACA Compliance with ACA-Track
ACA compliance doesn’t have to be complicated. With ACA-Track, businesses can automate the process, eliminate errors, and ensure timely and accurate reporting to the IRS. By choosing ACA-Track, you can rest easy knowing that your ACA compliance is in good hands. To learn more about how ACA-Track can help simplify your compliance needs, visit the ACA-Track ACA Compliance Services page today.
