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Monday, June 12, 2017

ACA Compliance Tracking is Here!


If you’ve been with us since the beginning, you may remember ACAwise being introduced as the number one, all-inclusive online software for everything ACA. Not only would you be able to e-file your Affordable Care Act Forms 1094 and 1095 with one of the leaders in the IRS-authorized e-filing, but you’d also have a secure, reliable way to track your ACA compliance throughout the year.

Unfortunately, in the midst of the “will they/won’t they” confusion surrounding overturning the ACA earlier this year - and during ACA filing season, no less - our compliance-tracking features took a back seat to helping get your e-filing done. But now, ACA compliance with ACAwise is back, and that means year-round compliance tracking to ensure you’re offering the right health insurance coverage offers to the right employees!

You’ll need to contact our customer support team to set up compliance tracking for your account, but once you have it’s simple, smooth sailing from there. All you have to do is upload your employee information, as well as your health insurance plan(s) details, into your ACAwise account. From there, our program will automatically begin analyzing and tracking your information each day to make sure your full-time employees (and full-time equivalent employees) are receiving the coverage the ACA requires.

From your dashboard, you’ll be able to see this compliance tracking in the form of real-time reports, like Determining Eligibility & Affordability, Monitoring & Forecasting Compliance, and even Penalty Calculations. That’s right: we’ve even included a report that assesses your data to see if you’re at risk of incurring an ACA compliance or reporting penalty.

Another perk worth noting if you go with the ACA compliance tracking option is that ACAwise can use that data it’s monitored all year to complete your return for your ACA reporting each year! Instead of filling out forms or uploading new information, all you’ll have to do is approve that everything looks correct on your forms, then securely e-file them with the IRS.

Seems simple enough, right?

If you’re interested in adding compliance tracking to your ACA profile (or signing up for an ACAwise account!), just give us a call! We’ll talk you through all the details and get you set up with the best online ACA compliance tracking tool in the biz!


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