Benefits Manager Solutions - Affordable Care Act Tracking
Making sure your company is in compliance with all of the Affordable Care Act (ACA) requirements can bog you down.
Most companies have worked with their broker or a consultant to determine their policy, but that is only the first step towards full compliance.
The process of notifying employees of your benefits policy, tracking wait, measurement, and stability periods, determining who’s eligible and who’s not, when they are eligible, and calculating affordability using safe harbor rules is challenging.
In addition, there are requirements for monthly data tracking and reporting of employee status... And after January 1, 2015, fines of $100 per day for each failure to meet a requirement can be levied.
Use the Benefits Manager Solution to help you automate and manage the process of notifying and tracking employee’s responses, employee eligibility, and enrollment requests.