The Comprehensive ACA Compliance Services

Compliance Assessment & Reports

ACA standards continue to evolve while employers scramble to track the enormous amount of data required to meet compliance demands. Compliance assessments from ACAwise keeps you covered on every angle with an analysis of fulltime and hourly employees, employee and dependents eligibility reports and terminated employees with and without COBRA insurance enrollment.

Determine Eligibility & Affordability

ACAwise provides a real-time review of all employee healthcare coverage eligibility and affordability. Our system will automatically calculate the coverage waiting periods for full-time employees and measurement periods for hourly employees, which accurately determines when employee eligibility will occur. Then, our system will indicate the most affordable health plans for those employees. You will also have access to the healthcare dashboard to continuously monitor and manage all employee coverage.

IRS Penalty Estimations

ACAwise's easy-to-use system automatically predicts and alerts you of any ACA penalties you may be at risk for, based on the regulations found under sections 4980H(a) and 4980H(b). ACAwise will help you estimate the amount of penalties for your business, whether incurred as a result of not providing health insurance at all or providing health insurance that didn't meet ACA standards. ACAwise will even guide you through the steps to get back on track and avoid future penalties.

IRS Form Preparation & Reporting

With ACAwise, it's easy to prepare and report your ACA Forms 1094 and 1095 to the IRS. ACAwise validates the ACA data you provide and uses that to generate the appropriate responses and codes on your forms. Once your forms are generated, you can review your return, making corrections as necessary, before e-filing it directly with the IRS. If you need to have copies of Form 1095 mailed to your employees, ACAwise can do that too. Simply opt for postal mailing before you e-file.

Marketplace & Exchange Notices

It's now required of all employers to provide notification to their employees regarding offers of health coverage, as well as any other notices from the health care marketplace or exchange. Without any prior formal ACA preparation or training, employers could be putting themselves at risk with their ACA compliance. To help employers simplify this process, ACAwise passes along any marketplace notifications or updates the employer must send to their employees.

ACAwise's secure delivery process first sends the notification to the account owner in a timely manner. ACAwise will then generate an IRS and ACA compliant notification to send to your employees.

With ACAwise, you can guarantee this exchange of information is secure. Any sensitive information contained in notifications or other reports will only be accessible to the employer, employee in question, and the IRS, as needed. This reduces your risk and ensures reliability and security in your ACA compliance data.

Data Analysis & Modeling

All the data employers have to report to the IRS can be difficult to manage and, at times, even to comprehend. With a different set of rules for each employee type, data coming in from multiple sources, and the necessity for verified accuracy, it can become overwhelming to keep your business ACA compliant.

With ACAwise, you can organize all of your data for the exact purpose of monitoring and reporting your ACA compliance. Our system has a set of protocols in place designed to help interpret and store your data in your very own secure account. With this system, we've streamlined the process of mapping employer and employee data to ensure user-friendliness.

Once your data is imported into the secure, cloud-based system, ACAwise will keep your data protected, as well as provide an accurate, effective strategy for your ACA compliance and reporting. Even if your payroll or human resource policy changes, our data modeling features helps your ACA data stay consistent and compliant.

Insight & Forecasting

With data insight, ACAwise is able to set you up with the right strategy for timely IRS reporting. Within your account, you can view, track, compare, and manage your compliance requirement criteria.

One of the biggest challenges in staying compliant is keeping track of your employee data and healthcare coverage affordability throughout the year. ACAwise automatically helps you stay aware of your information and any possible issues that may arise. With ACAwise's data insight, you can easily track employee eligibility, affordability status, and coverage information.