Affordable Care Act Resource Center
Navigating the maze of regulatory red tape to understand the requirements placed on companies under the Affordable Care Act can seem overwhelming. HR professionals are on edge balancing their time between identifying the most important sections of the bill and implement new practices to ensure compliance. The ACA Resource Center is designed to help you prioritize as you equip your company to be ACA compliant.
AFFORDABLE CARE ACT REPORTING FROM ISOLVED
iSolved® HCM, configured, delivered and supported by Payroll Network—your local HR solutions partner—offers full reporting support for the Affordable Care Act.
- Multiple standard reports
- Flexibility of date parameters
- Sorting & grouping
- Reports produced in pdf and excel
ACA Affordable Coverage Determination Report
Enables employer to determine whether minimum essential coverage is affordable for each full-time employee, based on the currently prescribed safe harbor methods. Failure to provide affordable coverage could result in an Assessable Payment.
ACA Full Time Look-Back Report
Enables employer to manage full-time status of workforce in accordance with the ACA’s standard of 30 hours per week. This impacts the ACA rules on waiting periods, eligibility for minimum essential coverage and Assessable Payments.
ACA Large Employer Compliance Test
Enables employer to determine if it is an Applicable Large Employer under the ACA for purposes of whether the Employer Shared Responsibility rules apply.
ACA Plan Renewal Affordability Projection Tool
Used to determine whether a considered plan will be affordable to your population, prior to implementation.
ACA Full-time Look Back Report
The purpose of the report is to identify employees, in a given look back period, that worked average hours greater than the ACA 30 hour threshold and therefore should be classified as ACA Full Time. This report calculates the average hours worked for an employee in a given time frame and evaluates the average hours against the employee’s current ACA status. Employees that require an ACA status update, based on their average hours, are flagged on the report. The report will also identify employees under 26 and over 65 that may qualify for other coverage.
ACA Full Time Look Back Report Options
The following options are available to control the filtering and display of employees on the ACA Full Time Look Back Report.
ACA Look Back Summary Report
The report, separated in two sections, one section evaluates on-going employees and the other section evaluates new hires. The On-going Employees section, shown below, includes those who have been employed for at least one complete standard measurement period. These employees have been hired prior to the beginning of the look back period.
New Employees Section
An employee hired during the look back period is considered a new employee. Employees hired after the look back period are not included in the report.
ACA Pay Period Detail Report
The ACA Pay Period Detail Report provides supporting details for total hours and an average hour worked used in the summary version of the report and includes the hours worked for the individual pay periods within the look back period and identifies the number of weeks within the look back period. It is also separated into two sections for New Hires and Ongoing Employees.
ACA Large Employer Compliance Test
The purpose of the ACA Large Employer Compliance Test report is to count the number of full time employees per month in a given date range. This report will be used to determine if the entity qualifies as an ACA Large Employer.