ACA Reporting
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.
Employers
Billing During Employee Leaves of Absence
BAS can bill, collect, and remit benefit premiums for employees on short-term, unpaid leaves of absence.
BAS can bill, collect, and remit benefit premiums for employees on short-term, unpaid leaves of absence.
Employees take leaves of absence for a variety of reasons: FMLA, personal reasons, sabbaticals etc. In many cases, these leaves of absence are taken without pay. Employers may want to allow employees to continue benefits during the leave (disability benefits, life insurance, health benefits not through COBRA, other benefits) but don’t want the stress of figuring out how to get paid for the coverage. BAS can help.
With our Leave of Absence Billing Service, employers can continue benefits and get employee payments during the leave. BAS collects daily or weekly data about billable benefits that will continue during the leave of absence. BAS then sends the employee on leave an invoice with payment coupons for the employee to pay their share of contributions easily and seamlessly. BAS collects payments and remits them back to the employer.
To find out more about BAS’ Leave of Absence Billing services, contact your account manager or solutions@basusa.com.
Employers who partner with BAS for leave of absence billing benefit from a streamlined process that keeps employee benefits active without adding administrative overhead. Contact BAS to learn more about leave of absence premium billing solutions for your workforce.
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.
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