ACA Management

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, the Employee Retirement Income Security Act (ERISA), and the Consolidated Omnibus Budget Reconciliation Act (COBRA).

ACA
Management
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ERISA
Compiance
ERISA Management and Compliance Icon
COBRA Compliance
COBRA Management and Compliance Icon

ACA Management

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 and our HCM software platform, businesses can quickly:
  • Confirm employees’ benefits eligibility
  • Manage waiting periods
  • View hours worked
  • Run data and create reports
  • Produce 1094 and 1095 B and C forms
  • And Much More


Managers can share the data between departments with increased accuracy and efficiency, saving both time and money while making ACA compliance easy.
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ACA Management and Compliance Help
ERISA Management

ERISA Compliance

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 reviews 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.
Ask us a Compliance Question

COBRA Compliance

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.
Questions on COBRA?
COBRA Compliance and Management

Take the Pain out of ACA Management

Download our ACA Reporting Guide, and take a look at how our ACA reporting tools can make ACA management and compliance much easier and simpler for your business.
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ACA Management and Reporting Software Guide

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