Affordable Care Act (ACA) Compliance
Simplifying ACA Compliance with Time & Payroll
Navigating the Affordable Care Act (ACA) and maintaining compliance can be challenging for employers. Identifying eligible employees, tracking necessary data, and staying updated with the latest legislative changes require constant attention. Time & Payroll streamlines ACA compliance, collecting and tracking specialized data to ease the compliance process.
Time & Payroll offers a comprehensive suite of compliance reports to help businesses meet ACA requirements and maintain compliance effortlessly:
- Eligibility Analysis Report
- Utilizes your defined measurement period to accurately track hours worked.
- Determines employee eligibility for healthcare coverage, ensuring that only qualified employees are offered benefits.
- Full-Time Equivalent (FTE) Analysis Report
- Calculates both Full-Time and Full-Time Equivalence (FTE) employees to assess your company’s status as an Applicable Large Employer (ALE) under ACA guidelines.
- Forecasts employee hours based on current payroll data to proactively identify FTE status.
- Inactive Employees Analysis Report
- Displays all employees who have not received pay within the last 13 weeks, helping you stay current on terminations.
- Ensures your measurement period report remains accurate and streamlined by tracking inactive employees.
- Rule of Parity Report
- Highlights employees who have been unpaid for over 13 weeks and shows their current status and termination date.
- Monitors rehires to ensure your company remains compliant with ACA requirements regarding rehire eligibility.
Ongoing Compliance Support
Time & Payroll continues to monitor healthcare reform developments, providing timely updates and proactive communication to help your business adapt to any changes in ACA regulations. By staying informed and leveraging these tools, you can focus on growing your business with confidence in your ACA compliance.