Streamlining ACA Compliance with ACA-Track
Maintaining compliance with the Affordable Care Act (ACA) can be a complex task for businesses of all sizes. From tracking employee hours to generating IRS-compliant reports, organizations must navigate a web of regulations to avoid penalties. Fortunately, solutions like ACA-Track simplify this process, ensuring businesses remain compliant with minimal effort.
Why ACA Compliance Matters
The ACA mandates that applicable large employers (ALEs) provide health insurance to full-time employees and report this coverage to the IRS. Failure to meet these requirements can result in significant penalties. Accurate tracking of employee eligibility, hours worked, and benefits offered is critical to compliance.
How ACA-Track Simplifies Compliance
ACA-Track is a full-service solution designed to manage every aspect of ACA compliance. Its features are tailored to meet the needs of businesses, educational institutions, and organizations across various industries. Here’s how ACA-Track stands out:
- Comprehensive Data Collection: ACA-Track aggregates data from multiple sources, including timekeeping systems, manual time sheets, and payroll platforms. This ensures complete and accurate tracking of employee hours for all worker types, including variable-hour, part-time, and full-time employees.
- Proactive Monitoring: The software provides real-time eligibility tracking and alerts, helping organizations stay ahead of compliance deadlines and requirements.
- IRS Reporting Made Easy: With built-in tools for creating and filing 1094 and 1095 forms, ACA-Track automates the reporting process, saving time and reducing errors.
- Error Detection and Correction: ACA-Track’s advanced data validation ensures errors are identified and corrected in a single upload, minimizing disruptions.
Enhanced Support and Security
One of ACA-Track’s most notable features is its dedicated account manager support. Clients have direct access to an expert who understands their organization’s unique needs, eliminating the frustration of navigating automated phone systems. This personalized service extends to IRS error corrections and audit support, providing peace of mind.
Additionally, ACA-Track prioritizes data security. All information is encrypted, and the platform adheres to SSAE 16 SOC 2 standards, ensuring sensitive data remains protected.
Customizable and Scalable Solutions
ACA-Track offers customizable dashboards and configuration options, allowing users to tailor the software to their specific requirements. Whether managing multiple EINs, handling diverse coverage groups, or integrating with various payroll systems, ACA-Track provides the flexibility needed for seamless compliance.
Embracing ACA-Track as your compliance solution not only simplifies the complexities of ACA regulations but also safeguards your business from costly penalties. Learn more about how ACA-Track can transform your compliance process and ensure your organization’s success.
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