Forget the payroll and government jargon- learn how to explain the ACA to your employees without confusing them!
- Category: Affordable Care Compliance
Affordable Care Compliance
Optimum HRIS can help you tackle the ever-changing requirements of the Affordable Care Act.
What is the Affordable Care Act?
The Affordable Care Act (ACA), also known as ObamaCare, is the health care reform program that took effect in the United States on March 23, 2010 and requires all U.S. citizens to have healthcare.
How do I determine my company’s requirements and what it is eligible for?
You can find out your requirements and benefits based upon your employer size. Are you a small or large employer? Employer size is based off of number of employees. An applicable large employer (ALE) has an average of at least 50 full-time employees. A full-time employee generally means they work on average at least 30 hours per week.
Visit www.irs.gov to find more information for ALEs.
How does Optimum keep their clients complaint?
Optimum Solutions is keeping up with the ACA to make data capture for your reporting requirements as painless as possible. Optimum HRIS provides the required Average Hours Worked report to assist with determining which employees are considered full-time equivalents as well as Forms 1094 and 1095. Additionally, Optimum has a report which will determine an employee’s healthcare affordability under the minimum essential coverage regulations. Optimum continues to stay informed of upcoming ACA requirements to keep our clients compliant.
Optimum was proactive in the development, execution, and communication of the 1095-C process. This proactive approach allowed Norfolk Iron to send the 1095-C forms to all employees at the same time we sent the W-2s, where other payroll vendors and companies were still wondering how to comply with this process. We appreciate that Optimum provided information through webinars and updates, but more importantly, their professional and timely customer service.
Human Resources Director Jay Fleecs, Norfolk Iron & Metal
President Trump has yet to make any changes to the current Affordable Care Act. However, there are some potential changes to be aware of. Find out more details here.
The transition into the Trump administration may bring about HRIS changes. Get more details about changes that have already been made and what to expect in the near future.
The IRS is once again receiving reports of fraudulant notices. Find out more about the scam and who's at risk.
Find out how to deal with errors that arise when submitting electronic ACA files through AIRS.
Find out if the ACA affects disposable wages.
You keep hearing them, so find out what those popular ACA acronyms mean!
Learn more about this informational teleconference held by the IRS.
Find out what changes have recently been made to the reporting deadlines for ACA.
Find out how to resubmit a Form 1095-C if originally submitted with incorrect information.
Learn more about ACA and how it affects employers' insurance reimbursements.
If you don’t already have a plan for ACA, it’s time to figure out how to handle your data in order to avoid potential penalties.
As of January 1, 2018, employer-provided health plans from some high-cost health plans (called ‘Cadillac’ plans) will be subject to a 40% excise tax. This tax on health insurance issuers and self-insured plan administrators will be on the amounts by which…
Due to the Affordable Care Act, your company may be required to offer employee Health Coverage as of January 1, 2015. Find out if your employer will be affected and if your health coverage will change.
The Affordable Care Act has brought some big changes to your business’ reporting process for 2014. Learn what changes have been made and how you can stay compliant!
The Supreme Court voted, with a 5-4 ruling, to uphold the Patient Protection and Affordable Care Act. Learn how the vote’s included provisions will affect your payroll processing.
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I have been very pleased with Optimum. I mainly work with the payroll section of Optimum and have found it to be easy to generate the payrolls. When I have had problems, the support team has been extremely helpful.