Third Party Administrator

Affordable Care Act (ACA) Support

Affordable Care ActHours Tracking and 6055/6056 Reporting
Tracking your employees' time worked and calculating both full-time employees and full-time equivalents is integral to your employer status, which will determine your responsibility as an employer to provide affordable healthcare coverage.

Improve your company's timekeeping process by transitioning from a manual method to an automated solution that will help you meet ACA guidelines.

Benefit & Risk Management Services provides support and assistance with ongoing analysis and data tracking. The ACA support provided by Benefit & Risk Management Services includes:

  • IRS reporting (6055/6056)
  • Hours tracking support for employers
    • Configure measurement, stability and administrative periods
    • Set weekly and monthly thresholds for the system and historical snapshots
    • ACA Status Alert: notification of employee's pending eligibility
    • Continually updated to reflect the ongoing ACA rules and regulations
    • Move employee's in Vbas to new benefit/non-benefit eligible benefit groups

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