Affordable Care Act
Affordable Care Act (ACA) Compliance Services for Small and Medium Sized Businesses
What is the ACA?
The Affordable Care Act (ACA), also known as the Obamacare, is a complicated health care law that was passed in 2010.
The law includes requirements for employers regarding health care coverage and reporting. The US Treasury and IRS have issued many requirements and regulations since the law’s passing.
Employers who don’t comply with the ACA risk steep IRS penalties that can run upwards of $2,200 per Full Time Employee (FTE)
About Affordable Care Act Compliance
Small and mid-sized employers are in a tough spot. They don’t typically have experts, tools, time, or budget to meet the new IRS requirements for the Affordable Care Act on their own. Yet, penalties for not complying with the law could sink their business. Companies with variable wage and seasonal employees are particularly vulnerable.
Employers who don’t comply with the ACA risk steep IRS penalties that can run upwards of $2,200 per Full Time Employee (FTE). To accurately file the required forms, businesses face the time-consuming tasks that include running complex monthly calculations using detailed benefits and human resources information.
About the ACACompli Service
ACACompli, our comprehensive ACA Compliance service, addresses all of your needs with the following:
Decision Support Experts
MyHRConcierge applies our knowledge of your business and our knowledge of the ACA to help you make savvy business decisions.
We’ll provide you with insights to help you take the best course of action with pay or play analysis, transition relief guidance, setup of required period calculations, and other strategic decisions.
Other Decision Support Services:
- FT status forecasting
- Early warning alerts
- Penalty mitigation
SimplyCompli Online Tool
Our online tool, SimplyCompli, is a powerful resource that makes it easy to automate time consuming tasks. MyHRC gets your team up and running quickly with employee training and system setup. The service includes:
- 6055/6056 Support
- Employee status breakdown
- Potential penalty exposure
- Document repository
- Multiple look-back periods
- Future ALE status
- Employee FT status
- Interactive dashboard
- Single template for data entry
- Complex calculations
- Automatic data validation
- Data and results archival
- Easy offline data entry
- Compliance document storage
ACACompli Hotline
A real ACA compliance expert is just a phone call, email, or chat away with the ACACompli Hotline.
Don’t waste any more valuable time wading through legal documents trying to find out what rules and regulations mean and if they apply to your business.
Optional ACA Compliance Services
Businesses need different levels of support depending on their administrative resources. That’s why MyHRC offers a way for employers to customize their own service package.
Choose from these and other optional services to meet your needs:
- Variable hour employee eligibility reporting services (Monthly)
- Health insurance enrollment for newly eligible and terminated employees
- Submit 1094 and 1095 forms to IRS (Electronic or traditional mail)
- Transition relief guidance
- Other HR management & administration services
Contact MyHRConcierge for ACA Compliance & Administration Services
MyHRC has a customer-focused approach to serving our clients. We aren’t just human resources experts — we are small business owners. As a result, we understand the demands of ACA and other HR compliance regulations.
Our compliance services are objective and focused on helping you. We offer:
- Personal Service
- Knowledgeable Experts
- Affordable Pricing
- Solid & Secure Infrastructure
If you are an SMB struggling to maintain compliance with the ACA, MyHRC can help. For more information, contact us for a free initial consultation by phone at (855) 538-6947 or fill out the form below.