Benefits Manager Solution
OUR ACA COMPLIANCE TRACKING AND BENEFITS MANAGEMENT SOLUTION CAN AUTOMATE MOST STEPS REQUIRED TO HELP YOU STAY ACA COMPLIANT
First, a simple setup process allows you to upload your ACA Policy, and input various pieces of information about your policy, and the benefit plans you offer. This includes your waiting, measurement, stability, and administrative periods. The solution will even determine the optimum employer contribution to benefits in order to identify potential fines, while keeping employers’ costs as low as possible.
Once setup is complete, the solution tracks the various eligibility periods, and automatically determines if and when an employee is eligible for benefits. Once it determines an employee is eligible, notifications are sent, and the employee’s e-signature date and time-stamp receipt of acknowledgement is recorded.
Our solution calculates safe harbor affordability rates for each employee, and uses the company’s ACA policy rules to determine the monthly employee premium contribution. This amount is presented to the employee with the automated eligibility notification. Our solution also tracks the decision of the employee to accept or decline benefits, and determines the monthly ACA status of each employee. Forms 1094c and 1095c will be generated for the employer and employee each year.
Our solution does all of this complicated work behind the scenes, automating most ACA compliance requirements, and making it efficient and easy for companies to manage and maintain.