HCM Solutions – ACA Reporting

Technology created to meet ACA requirements now and as changes occur

Chances are the Affordable Care Act (ACA) requirements will challenge you to attain all the data necessary for compliance. Can you easily confirm benefits eligibility, manage the 90-day waiting period, how many hours worked, run data, and create reports? Do you have a plan to file the ACA annual forms to the IRS? With isolved®, you can share data between departments with increased accuracy and efficiency, saving you time and money while making sure you are in compliance.

ACA Large Employer Compliance Test

Easily determine your ACA applicable large employer status and whether the employer shared responsibility rules (e.g., play or pay penalty) apply. Calculate the full-time employee count for multiple FEINs within a controlled group.

ACA Full Time Look-Back Report

Manage the full-time status of your workforce in accordance with the ACA’s standard of 30 hours per week or 130 hours per month. An employee’s full-time (FT) status impacts the ACA rules on waiting periods, eligibility for minimum essential coverage and assessable payments (i.e., play or pay penalty). Monitor new hire variable hour employees during and at the end of their unique measurement period to determine whether or not they are now FT or PT.

ACA Affordable Coverage Determination Report

Determine whether minimum essential coverage is affordable for each FT employee based on the currently prescribed safe harbor methods. Enter an employee contribution based upon new plan year expectations and the HCM system will use the prior year’s W-2 and provide a projected calculation. Failure to provide affordable coverage could result in an assessable payment (i.e., play or pay penalty).

Clearly and easily determine your ACA compliance with employee types, status, and more, all with the push of a button.

You’ll be surprised at the savings you’ll get with a fully integrated HCM solution. But don’t take our word for it – use this HCM ROI calculator to see how much you can save each year by using our HCM solution instead of doing it all on your own.

Request a free consultation and demo to learn more about how this technology can help your business grow.