ACA

Our goal is to ensure that you are informed and ready to address all areas of the Affordable Care Act (ACA). To do this, our team conducts compliance audits to guide you through every aspect of legislative requirements, including ACA, ERISA, and COBRA.

ACA
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ERISA
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Cobra
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ACA

Chances are that whatever methods, programs, or software you have, the Affordable Care Act (ACA) requirements will challenge you to attain all of the data necessary for compliance. Working with Payday HCM, you will be able to confirm your employees’ benefits eligibility, manage any waiting period, see hours worked, run data and create reports, and produce 1094 and 1095 B and C forms, all within Payday HCM's software platform. You can share the data between departments with increased accuracy and efficiency, saving you time and money while making your ACA compliance easy.
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ERISA

ERISA requires employers to provide specific information to participants, such as the features and funding of plans on a set distribution schedule. All group-sponsored benefit and retirement plans require an assortment of communications, forms, and record-keeping. Payday HCM offers ongoing ERISA compliance review and Medical Loss Ratio rebate calculations. We also supply “Wrap” Summary Plan descriptions, Material Modifications, and Summary Annual Reports to keep you in compliance, as well as filing for each group of 100+ participating employees requiring IRS Form 5500.
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COBRA

COBRA generally requires that group health plans sponsored by employers with 20 or more employees in the prior year offer employees and their families the opportunity for a temporary extension of health coverage (called continuation coverage) in certain instances where coverage under the plan would otherwise end. Payday HCM offers simplified COBRA management for your eligible employees.
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ACA Large Employer Compliance Test.

Download now to learn more about our ACA compliance report guide.
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