Stay Ahead of ACA Deadlines with ACA-Track’s Automated Features
As the Affordable Care Act (ACA) continues to evolve, staying on top of compliance requirements can feel overwhelming. Missing deadlines or failing to report accurately can result in hefty fines and penalties. But with the right tool in your corner, ACA compliance doesn’t have to be a headache. ACA-Track offers an automated solution to ensure that all your compliance needs are met, helping you stay ahead of crucial deadlines and avoid unnecessary penalties.
Effortless Tracking of ACA Deadlines
With ACA regulations in place, businesses are required to file forms such as the 1095-C and 1094-C by strict deadlines, and failure to do so can lead to significant fines. Additionally, the IRS requires that employers track employee hours, benefits eligibility, and other key information throughout the year. These deadlines and data tracking requirements can be time-consuming and complicated, especially for large organizations with numerous employees.
ACA-Track’s automated features take the pressure off by handling deadline tracking for you. The platform automatically calculates the important reporting periods, and through advanced notifications, ACA-Track will alert you well in advance of any upcoming deadlines. This means you’ll never have to scramble to meet an ACA filing deadline, as the system keeps you organized and on track.
With real-time alerts, businesses can take action ahead of deadlines—whether it’s filing the necessary forms or ensuring that all employee eligibility data is correctly updated. ACA-Track ensures that the entire compliance process is on autopilot, giving you peace of mind and helping you avoid costly mistakes.
Automated 1095-C and 1094-C Reporting
One of the most time-consuming parts of ACA compliance is preparing and filing Forms 1095-C and 1094-C. These forms require detailed information about employee health insurance coverage, including codes that reflect whether the employee was offered insurance and whether the insurance meets ACA affordability and minimum value standards.
With ACA-Track, this process is completely automated. The platform calculates all the necessary codes based on your employee data, generating the forms quickly and accurately. Once the forms are prepared, ACA-Track allows for direct e-filing with the IRS, ensuring that you meet the filing requirements without missing a beat.
The automation of this process reduces the chances of human error, which can lead to IRS penalties. ACA-Track also performs an extensive data integrity check before submitting your forms to ensure that all information is accurate and complete. This proactive checking and error correction saves businesses time and stress and ensures they avoid unnecessary penalties.
Advanced Error Detection and Resolution
Errors in ACA reporting can result in penalties and audit risk. Common mistakes, like entering incorrect employee hours, failing to report eligibility, or using incorrect codes on Forms 1095-C and 1094-C, can easily occur when handling the data manually. These errors can trigger costly fines, and fixing them after submission is often a complicated and time-consuming process.
With ACA-Track, error detection is built into the system. The platform checks for errors as data is entered, flags discrepancies in real-time, and allows users to correct them before submitting the forms. This proactive approach helps ensure that your filings are accurate, reducing the chances of penalties or audits down the line.
If you do encounter errors after submission, ACA-Track offers an easy-to-use resolution tool that allows you to correct and resubmit your filings directly to the IRS. With the assistance of your dedicated Client Success Advisor, resolving ACA reporting errors is quick and painless, preventing further delays and penalties.
Track ACA Compliance Across Multiple Locations
For companies with multiple locations or multiple Employer Identification Numbers (EINs), managing ACA compliance can become even more challenging. Each EIN may have different reporting requirements, coverage groups, and eligibility guidelines, creating a complex compliance landscape that requires constant oversight.
ACA-Track simplifies this by supporting multiple EINs and tracking compliance for each one separately. The platform automatically segregates data for each EIN, ensuring that you can generate accurate reports for each location without mixing up employee data or coverage group details. ACA-Track’s comprehensive tracking ensures that you stay on top of compliance for each location or entity, even if your organization operates in multiple states or jurisdictions.
Additionally, ACA-Track’s coverage group management tool allows for easy monitoring of different benefits eligibility rules across various employee groups. Whether your employees are full-time, part-time, or variable-hour workers, ACA-Track ensures that they are assigned to the correct coverage group for reporting and compliance purposes.
Seamless Integration with Your Existing Systems
Many businesses already rely on payroll, HRIS, or other employee management systems to handle employee data and payroll processing. ACA-Track is designed to integrate seamlessly with these existing systems, meaning you don’t have to overhaul your entire process to get started. The platform can accept data from a variety of formats, such as Excel or CSV files, and automatically map and standardize the data for ACA reporting purposes.
With ACA-Track’s API and data form capabilities, the process of importing data into the system is effortless. This seamless integration ensures that you can use ACA-Track to streamline compliance tracking without interrupting your current workflows. Whether you’re managing employee hours, tracking eligibility, or generating reports, ACA-Track works alongside your existing systems to help your business stay compliant with the ACA.
Comprehensive Support from Your Dedicated Advisor
While ACA compliance can be complicated, ACA-Track’s support team is here to guide you every step of the way. Every client receives access to a dedicated Client Success Advisor who is available for direct support via phone or email. This personalized service ensures that any issues or questions you have will be addressed promptly by an expert who knows your specific situation and can provide tailored solutions.
Whether you need help with IRS audits, troubleshooting data discrepancies, or understanding the nuances of ACA reporting, ACA-Track’s support team is available to assist you. You’ll never have to deal with impersonal customer service or lengthy wait times—your dedicated advisor will be there to help you navigate ACA compliance with confidence.
Conclusion: Let ACA-Track Take the Stress Out of ACA Compliance
ACA compliance is essential, but it doesn’t have to be a headache. With ACA-Track, you can automate the tracking, reporting, and error resolution processes, ensuring that your business stays compliant while minimizing the risk of penalties. By integrating seamlessly with your existing systems, automating complex tasks like IRS reporting, and offering dedicated support, ACA-Track provides an all-in-one solution for ACA compliance.
If you want to take the stress out of ACA compliance, visit ACA-Track today to learn more about how this powerful platform can simplify your ACA reporting and keep you ahead of deadlines.
