Compliance Solutions
The innovative technology employers need to comply with ACA requirements
Our Private Benefits Marketplace is now offering a suite of Compliance Solutions to help employers navigate the new world of health care and benefits and comply with the complex provisions of the Affordable Care Act (ACA). In today's rapidly changing environment, our tools are quickly and easily configurable and available on-demand, with numerous scheduling and alert options, to meet your specific business needs. Leverage our team of experts and fully automated tools for the ongoing support of your benefit programs and ACA compliance.
These features include:
Managing Risk
- 9.5% Dashboard for affordability tests, optimizing on safe harbor rules to determine the potential risk
- Numerous health reform dashboard panels & reports with the ability to "drill down" to employee level detail
- 30-hour rule tools (i.e., shared responsibility), including tracking within measurement, administrative and stability periods
Employee Notifications
- W-2 reporting
- Public exchange notices
- Section 6055 employee annual notice / the individual mandate
- Summary of Benefits & Coverage (SBC)
- All notices available online to employees & administrators
Employer Reporting
- New taxes/fees, such as the Patient Centered Outcomes Research Institute (PCORI) fee & the reinsurance tax
- Section 6055 IRS return / the individual mandate
- Section 6056 IRS return / the employer mandate
Regulatory Plan Changes
- 90-day new hire wait limit
- Auto-enrollment (when applicable)
- Dependent coverage rules (e.g., age 26)
- Annual limits including Flexible Spending Account (FSA), Health Savings Account (HSA), and 401(k)