1095-C ACA Reporting

The Affordable Care Act made life more complicated for your organization and your HR staff. But MITC can help you comply with the requirements of the ACA affordably and effectively!

Organizations with 100 or more full-time employees or part-time equivalents began complying with the ACA in 2015. The first compliance reports from these employers are due January 2016. The required IRS forms must contain data tracked month-to-month in 2015, detailing employees’ hours worked as well as employees’ access and contributions to employer-provided health care..

Organizations with 50 to 99 full-time or equivalent employees have another year—until 2016—to comply with the coverage requirements, with reporting beginning in January 2017.

1. 1095-C
   1. Required for each full-time employee.
   2. Benefits database is extended for entering when employees were offered health insurance, the value, and type of coverage.
   3. 1095-C Pre-Filing Verification report is included. Helps ensure all the data required on when employees were offered health insurance and what type is up to date.
   4. 1095-C Forms will be available as an additional option with MITC ACA Manager later in 2015.
2. Tracking full-time employees, equivalents, and part-time
   1. Integrates MITC Time and Attendance.
   2. Reports calculate average hours worked (30) over varying date ranges.
   3. Projection reports shows how many hours a part time employee can work in the future to remain under 30 hours a week average. Helps with scheduling compliance.
   4. Affordability compliance is another requirement. Reports calculate cost of medical insurance and % of gross pay for the 9.5% threshold. If incomplete, filings may be  inaccurate and may not be accepted.

ACA Manager is available as an add-on additional to HR Manager or as a separate application for organizations not using MITC HR.