ACA processing refers to the various procedures and systems that organizations implement to comply with the regulations established by the Affordable Care Act, as mandated by the IRS. This comprehensive process involves not only managing but also reporting critical employee healthcare information to ensure full compliance with the law's numerous requirements. Typically, ACA processing includes gathering detailed data on employees' hours worked, offering eligible employees appropriate health insurance coverage, and submitting the necessary forms to the IRS to demonstrate compliance effectively. Due to the complexity of the rules and deadlines that employers must navigate, avoiding potential penalties becomes essential, making efficient and accurate ACA processing a crucial aspect for businesses of all sizes and industries.

ACA Processing - Starting at $9.99/form

Navigating ACA filing can be complex and time-consuming for business owners, requiring a thorough understanding of regulations, deadlines, and reporting requirements. Hiring a third-party administrator (TPA) can alleviate much of this burden by providing expertise and ensuring compliance with the Affordable Care Act's mandates. TPAs are equipped with the necessary tools and knowledge to handle data collection, reporting, and the communication process with the IRS, allowing business owners to focus on core operations rather than get bogged down in paperwork. Moreover, with the potential for penalties associated with errors or late filings, enlisting a TPA can offer peace of mind and mitigate risks associated with ACA compliance.

Let us take care of the heavy lifting for you, which includes accurately submitting necessary forms to both the IRS and your employees, efficiently managing any required corrections, and securely storing all of your online forms for easy access.

You may be interested in…