ACA Compliance Management.
Schedule eligibility notices with ease
Real-time eligibility tracking
Manage your ACA plan in 15 min. a month
Electronically file with the IRS
It is difficult for many employers to manage their ACA program, especially with hourly & part time employees. Efficient Hire ACA Compliance helps by tracking employee hours, automating eligibility notifications, and filing with the IRS –
keeping your ACA program compliant.
Without Efficient Hire
An Inconsistent ACA Process
With Efficient Hire
A Consistent & Compliant ACA Process
The IRS requires employers who are considered “applicable large employers (ALE’s)” to be compliant with the ACA rules –
the IRS has no Statute of Limitations on the assessment of Fines and Penalties!
what is your aca compliance plan?
- Does your health insurance plan meet minimum essential coverage and minimum value?
- Who do you offer coverage to?
- When do you offer coverage?
- Is it affordable to everyone you offer to?
mandatory irs reporting
ALEs must report to the IRS information about health insurance coverage offered to its full-time employees (and their dependents). ALEs are required to report to the IRS, as well as to their full-time employees, regardless of whether the ALE actually offers health insurance coverage.
How do I determine if my current plan meets minimum essential coverage and minimum value?
Your health insurance carrier will be able to tell you if your plan meets the Employer Mandate requirements.
How do I know if I am an ALE & how many employees are full-time equivalents?
The IRS ALE Website is a valuable resource for determining if you are an ALE and how to calculate full-time equivalent employees.