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.
Open Enrollment
Question of the Week - Open Enrollment Requirement
Do we have to hold an open enrollment each year? Cafeteria plan sponsors must give employees an annual election opportunity; large ACA employers must provide effective access to
Simplify ACA Reporting with Our Affordable and Accurate Solution
Q.- Do we have to hold an open enrollment each year?
A.- Maybe. If you have a cafeteria plan and your employees pay for benefits with pre-tax dollars, you must give them the opportunity to change elections every 12 months. If you are a large employer subject to the Affordable Care Act requirements, you must provide your employees an effective opportunity to enroll in coverage at least once per plan year.
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.