ACA compliance doesn’t have to be a daunting task. With the complexity of tracking employee eligibility, managing hours worked, and ensuring timely IRS filings, staying compliant with the Affordable Care Act (ACA) can be overwhelming. But ACA-Track simplifies the entire process. By automating key tasks, integrating data from existing systems, and offering real-time compliance tracking, ACA-Track ensures that your business remains compliant without the hassle.
Why ACA-Track Is the Key to Seamless Compliance
For businesses with 50 or more full-time employees, ACA compliance is mandatory. This means monitoring employee hours, determining eligibility, and filing accurate reports with the IRS. Failure to comply can result in substantial penalties. ACA-Track is a powerful, user-friendly tool that automates these processes, providing peace of mind for businesses of all sizes.
How ACA-Track Works for Your Business
ACA-Track works by integrating seamlessly with your existing payroll, HR, and timekeeping systems. This means no extra work on your part—everything is automated, from data collection to IRS reporting. Here’s how ACA-Track makes ACA compliance easy:
- Automated Data Integration: ACA-Track syncs with your current systems, collecting critical employee data, including hours worked and health coverage eligibility. This automation eliminates the need for manual data entry and reduces human error.
- Proactive Eligibility Monitoring: ACA-Track continuously monitors employee eligibility for health coverage. It automatically alerts you when an employee meets the eligibility requirements, ensuring you provide coverage to qualifying employees without delay.
- Efficient IRS Reporting: ACA-Track generates and files the necessary IRS forms, including the 1095-C and 1094-C. The system applies the appropriate codes and submits the forms directly to the IRS on your behalf, ensuring you meet all ACA reporting deadlines without the risk of error.
Key Features That Make ACA-Track Stand Out
ACA-Track is designed to make your ACA compliance as smooth as possible. Here are some key features:
- Customizable Dashboards: ACA-Track’s dashboard is fully customizable, allowing you to track the data that’s most important to your business. From employee hours and eligibility to IRS form progress, everything you need to stay compliant is available at a glance.
- Real-Time Alerts and Notifications: ACA-Track sends instant alerts when employees meet eligibility thresholds or when there are discrepancies in your data. This real-time monitoring helps you stay ahead of potential issues and ensures timely action is taken.
- Advanced Error Detection: The platform includes built-in error detection, which automatically flags discrepancies before submission. This ensures that your data is error-free and compliant, significantly reducing the risk of IRS penalties.
- Audit-Ready Reporting: ACA-Track stores your compliance data securely and generates audit-ready reports. These reports are easy to retrieve, ensuring you’re always prepared for an IRS audit or state healthcare exchange request.
Why ACA-Track is the Ideal Solution for Your Business
ACA-Track is trusted by businesses across various industries for its simplicity, automation, and powerful features. Here’s why it’s the right solution for your ACA compliance needs:
- Complete Automation: ACA-Track automates the most time-consuming tasks involved in ACA compliance, such as data collection, eligibility tracking, and IRS reporting. This automation frees up time and reduces the risk of errors.
- Scalability: Whether you’re a small business or a large corporation, ACA-Track scales to fit your needs. The platform is designed to grow with your organization, handling increasing employee numbers and complexity.
- Cost-Effective: ACA-Track reduces the need for additional staff or resources to handle ACA compliance. By automating critical tasks, the platform reduces administrative costs and helps you avoid the financial penalties associated with non-compliance.
- Expert Support: ACA-Track offers dedicated support through a Client Success Manager, ensuring that you always have expert assistance when needed. From troubleshooting to answering compliance questions, our team is here to help every step of the way.
Protect Your Business from ACA Penalties
Non-compliance with ACA regulations can lead to significant financial penalties. ACA-Track helps protect your business by ensuring that all eligibility data is tracked, hours worked are recorded accurately, and IRS forms are filed on time. By automating and streamlining these processes, ACA-Track minimizes the risk of penalties, keeping your business in good standing.
Data Security and Privacy
At ACA-Track, we prioritize the security and confidentiality of your data. The platform is hosted in a secure, SSAE 16 SOC 2 Type 1 certified data center, and all sensitive employee data is encrypted. ACA-Track adheres to industry-leading data protection standards to ensure your business’s compliance data is always secure.
Conclusion: ACA-Track Makes Compliance Simple and Efficient
ACA compliance doesn’t need to be stressful or complicated. ACA-Track automates the entire process, from tracking hours and eligibility to generating IRS reports and filing them on time. With powerful features, seamless integration, and expert support, ACA-Track is the ultimate solution for businesses looking to simplify and streamline ACA compliance.
Ready to ensure your ACA compliance is in top shape? Visit the ACA-Track ACA Compliance Services page today to learn how ACA-Track can help your business stay compliant and avoid penalties.