Aug 11, 2015 9:00:00 AM / by John Duval
Affordable Care Act (ACA) compliance and reporting—don’t do it right and your business will face major penalties.
Under the Affordable Care Act, the Employer Shared Responsibility Provision (also called the Employer Mandate) requires any business with 50 or more full-time equivalent employees to provide health insurance to at least 95% of said full-time employees and their dependents up to age 26.
The penalties, beginning execution January 1, 2016, for not meeting the mandate requirements will cost your company.
Between payroll, time and attendance, recruiting, onboarding, exit interviews, and the many other tasks HR professionals face, how do you track ACA compliance too?
Wouldn’t it just be easier if you had an ACA compliance manual to walk you through this tricky process?
Fuse Management Workforce’s ACA Compliance Module offers companies a way to execute and proactively manage their ACA compliance tracking across the entire workforce and minimize the risk of facing major financial consequences.
This ACA compliance software takes something complex and makes it easy, hassle-free, and reliable. Think of it as your go-to ACA compliance guide.
What’s included in the Fuse ACA Compliance Module?
- Management dashboards
- Compliance alerts for employee status & eligibility
- Status measurements for employer & employees
- Schedules for full-time and part-time employees
- Timeline view for current & historical status
Management dashboards provide consolidated views of regular- and variable-hour labor pools and the ability to drill down into views for individual employees.
ACA compliance alerts notify managers when an employee’s status changes to full time or part time, when an employee is approaching benefits eligibility, and when an employee has scheduled hours that would put the worker over the eligibility limit.
Automated alerts can also be sent to employees to notify them of their eligibility for benefits. Additional rules can help you enforce schedules and maintain your preferred full-time/part-time employee mix.
View any employee’s current status or historical status by month with the ACA timeline view. Access both real-time and historical detail on ACA status measurements for both your company and individual employees.
Sure, this all sounds great, but does this mean you have to learn one more thing?
The ACA Compliance Module is available in the Fuse Platform Marketplace.Integration is already built in so the account admin can add the module to system within the platform. Then you’re free to enjoy your ACA compliance strategy alongside the other digital, automated, and cloud-based features of workforce management—all in one place.
You’re not doing this alone. You’ll be armed with user guides, training videos, and the Fuse Support team to help walk you through the implementation process.
Fuse’s ACA Compliance Module is one of the only single-platform solutions for HR, benefits administration, time and attendance, and payroll. With a single record for each employee, you can streamline and automate the ACA compliance and benefits enrollment process as employees reach eligibility.
Be confident your organization is compliant. Download the ACA Compliance & Reporting Checklist now.
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