We understand how complex the Affordable Care Act (ACA) can be and how it is ever changing. We are here to help you meet ACA guidelines with Hours Tracking, IRS Reporting, and Minimum Essential Coverage (MEC) Plans.
Minimum Essential Coverage (MEC) Plans
The Benefit & Risk Management Services Minimum Essential Coverage (MEC) plans offer integrated solutions that help employers avoid costly penalties and are affordable for employees. Minimum essential coverage plans offer the minimum amount of essential coverage required by individuals to avoid the shared responsibility payment.
It’s a simple way to resolve issues faced by employers such as rising cost of health care, unaffordable health plans, complicated administration.
- Affordable pricing
- Provides 100% of the minimum essential benefits required by Patient Protection and Affordable Care Act (PPACA)
- Single administrative platform
- Flexible plan designs to meet benefit levels and price
Monthly Hours Tracking
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:
- Hours tracking support for employers
- Configure measurement, stability and administrative periods
- Ability to set weekly and monthly thresholds in the system and provide historical snapshots
- ACA status notification of employee’s pending eligibility
- Continuous updated to reflect the ongoing ACA rules and regulations
- Movement of employee’s in MyHealthBenefits to new benefit/non-benefit eligible benefit groups
1095 Reporting
The Affordable Care Act (ACA) created new reporting requirements based on the health care coverage provided to employees. Employers with 50 or more full-time equivalent employees are required to complete an employee form (1095-B or 1095-C) for each full-time employee.
As experts in employee benefits and everything Affordable Care Act related, we are uniquely prepared to assist employers in the completing of all of their IRC 6055 & IRC 6056 obligations. Employers recognize that ACA compliance is critical to their success as a business: IRS Filing and Create 1095 Employee Form.