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To help meet the growing need for assistance in ACA compliance, InfinityHR has created a comprehensive ACA Reporting Package that will contain the information you need to comply with the new regulations of the ACA. Read our brochure to see what services and features we offer that can help you meet the ACA requirements.
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One System. Infinite Possibilities.
Affordable Care Act Employer Reporting
For more information on how InfinityHR can help you stay compliant with ACA requirements, please contact us – [email protected] or call us at 1-866-TRY-HRIS.
After several challenges and multiple interruptions, The Affordable Care Act (ACA) represents the most extensive U.S. healthcare legislation in decades. Large employers face substantial new reporting requirements by January 1, 2015, and the data stored in InfinityHR will play a crucial role in meeting those demands.
With these reporting milestones approaching, it is critical for employers to understand the affects the law has on their business. The most burdensome obligation for most employers is the requirement referred to as “Pay or Play.”
Pay or Play: DefinedPay or Play refers to the ACA’s requirement that employers with at least 50 full-time employees (including “full-time equivalent” employees) offer essentially all “full-time” employees the opportunity to enroll in affordable “minimum essential coverage” or face penalties, initially slated to take effect 2014, but now postponed by the Obama Administration until 2015.
• Full-time/part-time counts for all employees, which can be broken into specific organizational levels such as locations, departments or cost centers.
• Average hour tracking data company-wide• ACA dashboard• Flexible “Measurement/Stability” periods of average hours worked• Access to real-time timesheet data for all direct and indirect reports• Instant notifications that alert managers when an employee is nearing
the 30 hour weekly or 130 hour monthly mark or when an employee has crossed the 30 hour weekly or 130 hour monthly threshold.
• Section 6055 (Participation Details)• Section 6056 (Affordability Report)
InfinityHR ACA Reporting PackageTo help meet the growing need for assistance in ACA compliance, InfinityHR has created a comprehensive ACA Reporting Package that will contain the information you need to comply with the new regulations of the ACA. Our reporting package includes the following services and features that can help you meet the ACA requirements:
