As healthcare regulations continue to evolve, ACA compliance remains a critical concern for businesses of all sizes. Navigating the intricacies of ACA can be overwhelming—especially when it comes to tracking employee hours, determining eligibility, and filing the required IRS forms. ACA-Track simplifies this process, providing a comprehensive solution to help your business stay compliant with ease. With automation, seamless integration, and expert support, ACA-Track ensures your business can focus on what matters most—growing and succeeding.
The Importance of Staying ACA Compliant
Under the Affordable Care Act, businesses with 50 or more full-time employees must provide health insurance that meets specific standards. Companies that fail to meet ACA requirements face significant penalties and legal challenges. Beyond penalties, non-compliance can also damage your reputation and employee satisfaction. That’s why it’s vital for businesses to stay on top of ACA requirements. ACA-Track helps you streamline this process by automating data collection, eligibility monitoring, and IRS reporting to keep you compliant every step of the way.
How ACA-Track Works to Simplify ACA Compliance
ACA-Track takes the complexity out of ACA compliance. Here’s how it simplifies your business’s compliance efforts:
- Automated Data Integration: ACA-Track integrates with your payroll, HRIS, and timekeeping systems, allowing the platform to collect employee hours, eligibility data, and other important information automatically. This removes the need for manual tracking and ensures your compliance data is always up-to-date.
- Real-Time Eligibility Monitoring: ACA-Track continuously tracks employee eligibility for health coverage. The platform sends real-time alerts when an employee surpasses eligibility thresholds, ensuring timely offering of health coverage and compliance with ACA rules.
- Seamless IRS Reporting: ACA-Track automatically generates IRS 1095-C and 1094-C forms, applies the correct IRS codes, and submits them directly to the IRS. This ensures you meet all reporting requirements without the hassle of manual data entry or filing.
Key Features of ACA-Track
ACA-Track offers a range of powerful features that make ACA compliance efficient and stress-free:
- Customizable Dashboards: ACA-Track allows you to customize your dashboard, making it easy to view the data that’s most important to your business. Whether it’s employee eligibility, hours worked, or IRS form submission status, ACA-Track keeps you informed in real time.
- Real-Time Alerts: ACA-Track sends automatic alerts to notify you of key events such as when an employee reaches eligibility or when discrepancies in your data are detected. These real-time alerts help you address issues before they become compliance problems.
- Advanced Error Detection: ACA-Track provides built-in error detection that automatically flags inconsistencies in your data. This minimizes the risk of reporting errors, ensuring your data is accurate before submission to the IRS.
- Audit-Ready Reports: ACA-Track stores your compliance data in an easily accessible format. You can quickly generate audit-ready reports in the event of an IRS audit or healthcare exchange request, ensuring that your business is always prepared.
Why ACA-Track Is the Best Solution for Your Business
ACA-Track is trusted by businesses across various industries to handle their ACA compliance. Here’s why it’s the ideal choice for your business:
- Time-Saving Automation: ACA-Track automates time-consuming tasks such as data collection, eligibility tracking, and IRS reporting. This saves your HR and payroll teams valuable time and resources, allowing them to focus on more strategic tasks.
- Scalable to Fit Your Business Needs: Whether your business has a handful of employees or thousands, ACA-Track scales to meet your compliance needs. The platform adapts to your business size and complexity, ensuring smooth operations as your business grows.
- Cost-Effective: By automating the ACA compliance process, ACA-Track reduces the need for additional staff or resources, making it a cost-effective solution for businesses looking to streamline their compliance efforts.
- Comprehensive Support: ACA-Track provides dedicated support from a Client Success Manager, offering expert guidance and assistance with compliance challenges. Your account manager is available to help resolve issues, answer questions, and keep your business on track with ACA regulations.
Protect Your Business from ACA Penalties
Non-compliance with ACA regulations can result in significant penalties, but ACA-Track helps minimize this risk by ensuring accurate data tracking, timely IRS submissions, and eligibility monitoring. The platform helps your business meet ACA requirements with minimal effort and reduces the likelihood of costly fines or audits.
Security and Data Integrity
At ACA-Track, data security is a top priority. The platform is hosted in a secure, SSAE 16 SOC 2 Type 1 certified data center, ensuring that your sensitive business data is protected. With encryption and regular data integrity checks, ACA-Track ensures the security and accuracy of your compliance data, providing peace of mind that your business is fully protected.
Conclusion: Simplify ACA Compliance with ACA-Track
ACA compliance doesn’t have to be difficult. ACA-Track automates the most complex tasks involved in ACA compliance, reducing administrative burdens, minimizing the risk of errors, and ensuring your business stays on track. From eligibility tracking to IRS reporting, ACA-Track provides a seamless solution to handle all of your compliance needs efficiently and securely.
If you’re ready to simplify your ACA compliance process, reduce the risk of penalties, and save time, visit the ACA-Track ACA Compliance Services page today to learn more about how ACA-Track can help your business stay compliant with ease.