ACA Compliance Lessons Learned From Recent Reporting Seasons
Common themes emerge when reflecting on recent ACA reporting seasons that can help employers reduce administrative burdens and improve accuracy.
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Tracking employee work hours is an important part of Affordable Care Act (ACA) compliance.
At the end of the year, employers may be scrambling to enter hours for ACA full-time employee calculations. Tracking employee work hours is an important part of Affordable Care Act (ACA) compliance. Employers must offer minimum essential, affordable health coverage to their full-time employees or pay a tax penalty. Determining an employee’s full-time status is a key step in ACA compliance.
BAS’ ACA data collection and reporting service offers an easy method for tracking employee hours for ACA compliance. The ACA hours upload tool includes:
Users can also get an email notification when a file is uploaded, eliminating the need to wait for the file to import. BAS offers a training video to explain the file upload feature.
For more information, contact your account manager or solutions@BASusa.com.
MyEnroll360’s ACA hours upload tool includes built-in validation designed to flag data errors before submission, reducing the risk of reporting inaccuracies and associated penalties. Contact BAS to learn how the hours upload feature can simplify year-end ACA compliance for your organization.
Benefit Allocation Systems (BAS) provides online solutions for: Employee Benefits Enrollment; COBRA; Flexible Spending Accounts (FSAs); Health Reimbursement Accounts (HRAs); Leave of Absence Premium Billing (LOA); Affordable Care Act Record Keeping, Compliance & IRS Reporting (ACA); Group Insurance Premium Billing; Property & Casualty Premium Billing; and Payroll Integration.
MyEnroll360 integrates with major insurance carriers for enrollment eligibility management (e.g., Blue Cross, Blue Shield, Aetna, United Health Care, Kaiser, CIGNA and others), and with leading payroll platforms for enrollment deduction management (e.g., Workday, ADP, Paylocity, PayCor, UKG, and others).
This article is for informational purposes only and is not intended as legal, tax, or benefits advice. Readers should not rely on this information for taking (or not taking) any action relating to employment, compliance, or benefits. Always consult with a qualified professional before making decisions based on this content.