ACA Reporting Presentation 2016

Post on 15-Apr-2017

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Transcript of ACA Reporting Presentation 2016

Be IRS compliant with the ACA

How much did your

organization

struggle to be ACA

compliant this year?

2016 ACA REPORTING

REQUIREMENTS

2016 1095C FORM CHANGES

• Line 14 Codes were

expanded

• The Plan Start Month

had been added in 2015

but remains option for

2016.

2016 1094C FORM CHANGES

1. Removal of the option for “Qualifying Offer Method

Transition Relief”

2. The box for “Section 4980H Transition Relief”

remains as some non-calendar year plans may

qualify for this relief for some months in 2016

WHAT WORK DOES HR NEED TO DO?

1. Determine the status of each employee, every month2. Record these statuses every month3. Get the status onto the form4. Verify your work5. Mail the form to all current and former employees by

Jan 31st

6. File the summary report with the IRS by Feb 28th or electronically if over 250 forms generated.

FILING & DELIVERY DEADLINES

• Deliver Paper 1095 forms to employees by January 31st, 2017

• Deliver Paper 1094C Forms to the IRS by February 28th 2017

• Electronic Submittal of 1094C forms to the IRS by March 31, 2017

THE ONETOUCH

ACA REPORTING SOLUTION

HOW IT WORKS…

Employee/Dependent eligibility statuses are maintained in the ACA Dashboard.

OneTouch identifies 1095C code parings based on elected statuses.

1095C forms are generated and mailed by BPT BPT transmits 1094C and 1095C data electronically

to the IRS by March 31st , 2017.

FUNCTIONALITY OF THE

ACA DASHBOARD

TRACK ACA ELIGIBILITY STATUSES

EASILY EDIT EMPLOYEE’S ELIGIBILITY

PREVIEW & PRINT 1095C FORMS

MANAGE 1094C/1095C DATA SETTINGS

MANAGE EMPLOYEE AND DEPENDENT INFORMATION

GETTING STARTED

WE MAKE IT SIMPLE

AFFORDABLE ACA COMPLIANCE

NEXT STEPS….

• Complete a Needs Analysis

• Get a Proposal for ACA Services

• Sign a OneTouch ACA Service Agreement

• Attend a Implementation Welcome Call

• Get Trained on your ACA Dashboard

TO LEARN MORE….

Contact:• (866) 459-2386• http://www.benepaytech.com/aca-reporting-sol

ution

• 18310 Montgomery Village Ave.,Suite 230Gaithersburg, MD 20879(301) 610-7779(866) 459-2386

THANK YOU!