Effortless ACA Compliance Management with ACA-Track

Managing ACA compliance can often feel like a complex and daunting task, especially for businesses that are scaling or dealing with diverse employee classifications. From calculating hours worked and managing health coverage eligibility to generating accurate IRS forms, the process can quickly become overwhelming. ACA-Track streamlines the entire ACA compliance journey, making it easier for businesses to stay compliant and avoid the costly penalties that can arise from errors or missed deadlines.

The Complexity of ACA Compliance

The Affordable Care Act (ACA) requires businesses with 50 or more full-time employees (or full-time equivalent employees) to offer affordable health insurance coverage. Businesses are also required to track and report employee eligibility and health coverage through the IRS forms 1095-C and 1094-C. However, ACA compliance is not a one-size-fits-all solution. Every organization has its unique employee structures, coverage plans, and reporting needs, which can make manual tracking and reporting extremely challenging.

Without the right tools, businesses can face numerous obstacles, including inaccurate data entry, missed deadlines, and the administrative burden of tracking eligibility across various employee groups. ACA-Track was designed to take the complexity out of ACA compliance by providing a comprehensive, automated solution for tracking, reporting, and managing ACA data.

How ACA-Track Makes ACA Compliance Effortless

ACA-Track simplifies ACA compliance with an all-in-one platform that automates key processes, reduces administrative overhead, and minimizes the risk of errors. Here’s how:

• Centralized Data Collection: ACA-Track integrates seamlessly with your existing payroll and HR systems to collect data on hours worked, benefits eligibility, and employee coverage status. This automated data collection removes the need for manual tracking, ensuring that your ACA compliance data is always accurate and up-to-date.
• Automated Eligibility Monitoring: ACA-Track monitors employee eligibility in real time, automatically calculating eligibility based on employee status and work hours. The system tracks eligibility for full-time, part-time, and variable-hour employees, ensuring that no employees are overlooked and that all employees receive the appropriate benefits.
• Error-Free IRS Reporting: ACA-Track automatically generates the required IRS forms, including 1095-C and 1094-C, populated with the correct data. The platform checks for common errors, such as missing data or incorrect employee classifications, before the forms are submitted. This minimizes the risk of submitting incorrect forms and incurring penalties.
• Proactive Compliance Alerts: ACA-Track sends real-time notifications for important compliance milestones, such as approaching eligibility thresholds or filing deadlines. These proactive alerts help businesses stay ahead of deadlines and ensure that no important compliance steps are missed.

Comprehensive Reporting and Customization

ACA-Track is built to handle complex reporting requirements with ease. The platform offers customizable reporting features, allowing businesses to generate detailed reports based on various employee groups, coverage types, and reporting periods. Whether you need to track employee hours worked, monitor full-time equivalent (FTE) counts, or assess coverage affordability, ACA-Track can generate the exact reports you need.

Moreover, ACA-Track enables businesses to customize their ACA compliance settings according to their unique needs. You can configure the system to accommodate different measurement periods, coverage groups, and even multiple EINs for larger organizations. This customization ensures that your reporting is always accurate, tailored to your specific business requirements, and in line with IRS guidelines.

Scalable and Adaptable to Your Business Growth

As your business expands, managing ACA compliance becomes even more complex. Whether you’re adding new employees, expanding to multiple locations, or introducing new benefit plans, ACA-Track scales with your business. The platform can handle multiple EINs, different employee classifications, and complex benefit structures, allowing businesses of all sizes to manage compliance with ease.

As your workforce grows, ACA-Track’s automated features help you stay on top of your reporting obligations and ensure you are always in compliance with ACA requirements. The platform’s flexibility ensures that businesses of all sizes—from small startups to large corporations—can streamline their ACA compliance without increasing administrative workload.

Audit-Ready Reports and Full Compliance Support

In addition to helping businesses stay compliant with ACA requirements, ACA-Track also prepares you for potential audits. The platform stores all of your ACA-related data in one secure location, making it easy to access and retrieve historical reports when needed. Whether you’re responding to an IRS audit or providing information to a state healthcare exchange, ACA-Track ensures that your business is always audit-ready.

ACA-Track also provides dedicated support to help you navigate any audit-related questions or issues. If discrepancies arise or you need to provide additional documentation, ACA-Track’s expert support team is available to assist with correcting errors, submitting corrected filings, and managing any audit requirements.

Ongoing Support to Ensure Long-Term Compliance

Compliance with the ACA is an ongoing responsibility. As regulations change or your business evolves, ACA-Track’s support team is there to help you maintain compliance year after year. Your dedicated account manager will work with you to ensure that you stay up to date with the latest ACA regulations, provide assistance with troubleshooting, and help with system configurations.

ACA-Track also offers regular software updates to ensure that your system is always aligned with the latest IRS guidelines, helping you stay ahead of any regulatory changes. With ACA-Track, you can rest assured that you have the tools and support needed to stay compliant for the long term.

Start Streamlining Your ACA Compliance with ACA-Track

With ACA-Track, managing ACA compliance becomes simple, efficient, and error-free. By automating data collection, tracking employee eligibility, generating IRS forms, and providing proactive alerts, ACA-Track allows businesses to focus on their core operations while ensuring compliance with ACA regulations.

If you’re ready to streamline your ACA compliance management and reduce the risk of penalties, visit ACA Compliance Services to learn how ACA-Track can help your business stay compliant and ahead of ACA requirements.