ACA Reporting is Being Integrated Into Our HR and In-House Payroll Software
Successful implementation of Affordable Care Act (ACA) reporting forms will have an impact on large employers - and small employers, too. Our team is working to integrate the new reporting requirements into our Payroll / Benefits software, said Robin Kline, HR & Payroll Software Product Manager. To keep our customers in the loop, we're providing updates as we move through the development process.
"First, some background on the reporting requirements: Employers with an average of 50 full time equivalents are required to report the type of coverage offered, months that an employee had coverage available, and months the employee was actually covered.
"If coverage is provided through an employer sponsored self-insured health plan, employers must report a list of dependents for each employee. A form is required for employees who were offered coverage, and those who worked an average at least 30 hours a week.
"What this means," Kline said, "is that if an employee was eligible to enroll in your company's health insurance, you must provide them with a form at the end of the year. The same is true if you provide coverage to non-employees (such as board members or retirees who are not current employees). Employers are not required to provide a form for those who were not eligible – such as part-time, temporary, or seasonal employees. "
Affordable Care Act Reporting Forms
There are many resources on ACA reporting forms for employers:
Sure, your team can try to figure out ACA reporting. But why go it alone? SBS' HR, Payroll, and Benefits software can help you meet the new ACA reporting requirements. To start the conversation, email us.
