Affordable Care Act Reporting Mistakes to Avoid for Next Year
Under the Affordable Care Act, businesses that qualify as “Applicable Large Employers” (ALE) are required to provide health coverage for qualifying employees, or they will face penalties. To ensure this mandate is followed, they must comply with the ACA's monthly reporting requirements.
The complexity and magnitude of the Affordable Care Act reporting process left many employers scrambling to meet deadlines this year. To help ease the process in the upcoming years, we have compiled the ten most common ACA reporting mistakes so you know what to avoid for next year’s filing.
To ensure you don’t have another rough January with Affordable Care Act reporting, EPAY Systems is offering a special ACA Compliance and Reporting package.
Our compliance and reporting package includes:
- Unified time & attendance, payroll, and benefits technology to track employee hours, wages and benefits information.
- A comprehensive ACA toolkit complete with all the reports and analytics you need for the ACA, including: the Applicable Large Employer report, Affordability test, our unique ACA employee eligibility predictor tool, employee classification analysis, and variable hour employees monitoring.
- Real-time alerts to flag employees approaching the 30-hour threshold.
- A dedicated ACA specialist to monitor your compliance and review your reports and employee eligibility status on an ongoing basis.
- Accurate completion and filing of your 1094-C and 1095-C forms with self-auditing capabilities for your quality assurance.