Maximize Your ACA Compliance with ACA-Track’s Powerful Features
ACA compliance is essential for avoiding costly penalties and ensuring that your employees receive the healthcare coverage they deserve. However, the complexity of tracking employee eligibility, working hours, and filing accurate reports can quickly overwhelm your HR team. ACA-Track simplifies the ACA compliance process by offering a comprehensive suite of tools that streamline tracking, reporting, and error correction, ensuring that your business stays fully compliant and stress-free.
The Complexities of ACA Compliance
The Affordable Care Act (ACA) imposes a range of regulations that businesses must follow, particularly for tracking employee hours and eligibility for healthcare benefits. Many businesses struggle with the following common ACA compliance challenges:
- Complex Tracking Requirements: Businesses need to monitor hours worked by full-time, part-time, variable-hour, and seasonal employees to determine their eligibility for benefits. Manually tracking this data across multiple employee classifications can result in errors and inaccuracies.
- IRS Reporting Deadlines: Employers must file IRS Forms 1094-C and 1095-C annually, detailing employee health coverage. Missing deadlines or submitting inaccurate reports can result in costly penalties.
- Difficulty in Managing Multiple Data Sources: Employee data is often scattered across different systems—payroll, timekeeping, HR software, and more. Consolidating this data for reporting and compliance purposes can be time-consuming and error-prone without a comprehensive solution.
How ACA-Track Helps You Streamline Compliance
ACA-Track’s powerful features are specifically designed to address the challenges of ACA compliance. By automating data collection, eligibility tracking, and IRS form generation, ACA-Track significantly reduces the time and effort required to ensure compliance. Here’s how ACA-Track can simplify your ACA compliance process:
- Integrated Data Collection: ACA-Track integrates with your existing payroll, HRIS, and timekeeping systems to collect employee data automatically. This means you no longer have to manually input or reconcile data from different systems. ACA-Track centralizes all your compliance-related data, making it easier to track and report.
- Automated Eligibility Tracking: ACA-Track tracks employee eligibility in real time. The platform automatically calculates whether employees meet the ACA eligibility requirements based on their hours worked, employment status, and other factors. You will receive notifications when employees exceed the ACA eligibility threshold, ensuring timely action.
- IRS Form Generation and Filing: ACA-Track generates accurate IRS Forms 1094-C and 1095-C, populating them with the required employee data and ACA codes. The platform allows you to file these forms directly with the IRS, eliminating manual calculations and reducing the risk of errors.
- Built-in Error Checking: ACA-Track automatically performs error checks on your data before submission. If any discrepancies or issues are detected, you’ll be alerted in real time, allowing you to make corrections before filing. This proactive error detection helps you avoid costly mistakes and penalties.
Key Features That Set ACA-Track Apart
ACA-Track offers a comprehensive range of features that make ACA compliance easier and more efficient. Here’s a look at some of the platform’s standout features:
- Customizable Compliance Dashboards: ACA-Track’s dashboards provide a high-level overview of your compliance status. You can customize the dashboard to focus on the metrics that matter most, such as employee eligibility, hours worked, or form submission progress. The platform allows you to easily drill down into the details and view compliance data for individual employees or entire departments.
- Real-Time Alerts and Notifications: ACA-Track sends real-time alerts and notifications to keep you informed of important milestones. Whether it’s a deadline for filing forms or an employee reaching ACA eligibility, these alerts help ensure that you never miss a critical event or deadline.
- Seamless Integration with Your Systems: ACA-Track integrates seamlessly with popular payroll, HRIS, and timekeeping systems, allowing you to consolidate employee data into a single platform. This integration ensures that all data is consistent and up-to-date, eliminating the need for manual data entry.
- Advanced Reporting Tools: ACA-Track offers advanced reporting features that allow you to generate customized reports based on your specific needs. You can track full-time equivalent (FTE) counts, monitor eligibility thresholds, and view detailed compliance reports by employee or group.
- Scalable for Businesses of All Sizes: Whether you have a small team or a large, complex workforce, ACA-Track is scalable to meet your needs. The platform can handle high volumes of data and is flexible enough to accommodate businesses of all sizes, making it an ideal solution for organizations of any type.
Security You Can Trust
Data security is a top priority for ACA-Track. The platform is hosted in a secure, SSAE 16 SOC 2 certified data center, and all employee data is encrypted to protect sensitive information. ACA-Track uses HTTPS protocols for all data transfers, ensuring that your data is always secure and accessible only to authorized users.
Dedicated Support and Resources
At ACA-Track, we understand that ACA compliance can be complicated. That’s why we offer dedicated support to ensure that you can navigate the compliance process with ease. Each client is assigned a dedicated account manager who provides personalized assistance, whether you need help with data integration, IRS error correction, or understanding ACA regulations.
In addition to personalized support, ACA-Track offers extensive training and educational resources. From user guides and webinars to FAQs and video tutorials, we provide the tools you need to make ACA compliance as simple as possible.
Why ACA-Track is the Right Choice for Your Business
ACA-Track is the ideal solution for businesses looking to streamline their ACA compliance process. Here’s why:
- Time-Saving Automation: ACA-Track automates critical ACA compliance tasks, reducing the amount of manual work required and freeing up your HR team to focus on other important tasks.
- Accuracy and Reliability: With built-in error checks and automated IRS form generation, ACA-Track ensures that your compliance reports are accurate and timely, minimizing the risk of penalties.
- Scalable and Flexible: ACA-Track is designed to scale with your business, no matter how large or complex. The platform is flexible enough to meet the needs of any organization, from small businesses to large enterprises.
- Proven Success: ACA-Track has helped countless businesses stay compliant with ACA regulations, ensuring they meet all IRS filing requirements while avoiding costly mistakes.
Get Started with ACA-Track Today
Don’t let ACA compliance overwhelm you. With ACA-Track, you can automate your ACA tracking and reporting, ensuring that your business stays compliant with minimal effort. By streamlining data collection, eligibility monitoring, and form generation, ACA-Track helps you save time, reduce errors, and avoid penalties.
If you’re ready to take control of your ACA compliance process, ACA-Track is the solution you’ve been looking for. Contact us today to learn more about how we can help you maximize ACA compliance and keep your business on track.