We know the Affordable Care Act is confusing (and always changing), so we provide consulting and powerful tools that put ACA compliance on auto-pilot.
ACA COMPLIANCE
ACA Large Employer
You are considered an Applicable Large Employer (ALE) if your company has 50+ full-time equivalent (FTE) employees. Compliance requirements are based on the size of your company from the previous year.
Compliance services offered by Bailey Risk Management:
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FTE calculator to determine actual FTE total
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Provide personalized ACA Guide
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"Pay or Play" & health plan analysis
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Customized 3-year ACA strategy
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Technology that tracks & reports ACA requirements
Hourly Employee Tracking
Large Employers are required to compile monthly hours worked for all hourly employees and determine how that affects your total number of full-time equivalents.
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ACA stability & administrative periods
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Easily tracks time worked by hourly employees
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Tracks employee benefit eligibility status
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HR notifications for eligibility changes
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Notification if Small Employer changes ACA eligibility
Affordability Testing
Our system performs a real-time affordability test based on current IRS rules.
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Instant affordability testing
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Health plan cost analysis
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Employee income analysis
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List of employees who are not compliant
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Cost options to get in compliance
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Catch any affordability issues quickly
ACA Reporting
The ACA notices that your business is required to deliver to employees are based on things like your location, business size, health plan offerings, and more.
Our ACA tool will:
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Determine which notices are applicable to your business
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Deliver notices to employees through your portal
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Require electronic acknowledgment from employees
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Generate W-2 Value Summary
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Create an audit report for the IRS
1094 and 1095
Large Employers must give every employee a 1095-C each January which details health insurance enrollment and affordability information:
Our system will:
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Track & categorize your employees
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Calculate health plan offers & enrollment dates
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Calculate FTE totals by month
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Calculate affordability for each employee
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Generate & deliver 1095-C to employees
E-File to the IRS
Our technology collects data needed to generate your company's ACA requirements, and we electronically submit them to the IRS.
You don't have to do a thing.
We Help Businesses
If you have received a penalty from the IRS under ACA, we can help! Our experts can provide consulting and tools to get your business compliant, all at no cost.