ACA Compliance

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Synerion’s robust workforce management software has all the tools you need to help you stay compliant with the new workplace regulations put in place by the Affordable Care Act (ACA). Using our Comprehensive solution we can help you accurately keep track of all the requirements set out in the ACA. Our software will automatically alert you when employees are about to be scheduled above the ACA threshold for hours worked. For other requirements our software will generate many of the reports you are now required to submit such as number of employees, average hours worked for employees and ability to clearly show the distinction between full/part time employees as set out in the ACA.

What does your business need to do?

As an employer if you have staff of over 50 employees you need to;
• Offer a health benefits package that meets the minimum requirement set out in the act
• Complete and submit forms 1095-C and 1094-C.

What are the penalties for non-compliance?

•Employers must offer at least 95% off their full time employees an insurance package or pay an excise tax of $2,000 per employee per year. This does not include the first 30 full time employees.
•A $3,000 excise taxes are levied per employee if employers offers insurance options that is not affordable.

How can Synerion keep you compliant.

You can set configurable ACA alerts which will trigger notifications and emails when:

• An employee reaches a certain number of 30 hours worked in a week.

• When an employee reaches 130 hours in a month.

• When an employee is scheduled to work more than 30 hours per week or 130 hours per month.

You can run reports that will give you:

• Accurate employee headcount by plant,site,locations and department.

• How many employees you currently have passed the ACA threshold for hours or approaching those thresholds.

• The ability to gather the correct information you need to submit 1095-C, 1094-C forms.

Additional Resources.

https://www.irs.gov/Affordable-Care-Act/Employers
https://www.irs.gov/uac/About-Form-1095-C

Synerion is here to help your business stay complaint.

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