Solutions for Affordable Care Act Compliance
Affordable Care Act
The Affordable Care Act has created a large tracking and filing requirement for employers. CBI is committed to helping you fulfill these requirements. We are offering software that will assist you in fulfilling your various ACA obligations. Our software, ACA OnDemand, will be tailored to meet your needs and will integrate with our payroll software. ACA OnDemand is a powerful tool that will enable you to track and report employees and employee information needed for ACA reporting. ACA OnDemand has two different options depending on your company’s needs.
COMPLIANCE CENTER:
- Generates required ACA reporting and documentation
- Alerts to compliance requirements
- Manage Multiple Entities
- End user selects length of Measurement, Administrative and Stability Periods on the set-up page
- Uses the payroll data to track employees through Measurement, Administrative and Stability Periods
- Identifies Ongoing and New Variable Hour Employees in Measurement Periods
- Provides detailed reporting either through printed reports or exporting to Excel
- In the current Measurement Period, projects which employees are trending to Calculated Full-Time and Non Full-Time status for the next Stability Period
- Indicates which employees are Calculated Full-Time in a current Stability Period
- Gathers the information for the IRS reporting for Applicable Large Employers and will create the forms required for IRS filing of the 1094 and 1095 forms based on the category of the ALE (e.g., self-funded insurers are required to file different forms/formats from fully-funded plans)
- Tracks Full-Time Equivalents in real-time on a monthly basis
- Based upon information provided, indicates the minimum salary requirement to meet the affordability standard for health insurance using the safe harbor calculations
- Based upon salary information, indicates which employees may not be meeting the affordability standard
- Customizable to meet the needs of unique or complex organizations
- Generates the 1094 and 1095 B and C series forms
- Allows the transmission of the 1094 and 1095 B and C data to the IRS when required
SIMPLY ACA:
- Ability to import benefits information
- Aggregates information to populate the 1094 and 1095 B and C series forms
- Generates the 1094 and 1095 B and C series forms
- Allows the transmission of the 1094 and 1095 B and C data to the IRS when required