HCIactive relieves administrative burdens and takes the guesswork out of compliance by offering a robust ACA reporting solution.

  • Who Must Report?

    According to ACA reporting requirements, all Applicable Large Employers (ALEs) that employ 50 or more full-time or full-time equivalent employees, must report and file an annual information return with the IRS yearly. Self-insured employers are also subject to these reporting requirements, whether or not they are ALEs. If your organization fits in one of these categories and does not have the administrative capacity or technology to comply, you are at risk for incurring significant IRS penalties.

  • We Can Help!

    Our ACA Reporting services simplify benefits administration by streamlining critical functions to improve productivity, accuracy, and regulatory compliance. If you are a current ‘online enrollment’ client of HCIactive’s, your enrollment data will seamlessly migrate with the ACA Reporting features. If not, we can upload company enrollment data into our system.

ACA Reporting Features

  • ACA Dashboard

    • Determine Status – Are you an applicable large or small employer?
    • Implement Compliance Strategies – Collect and manage employee hours, offers of coverage, required plan details, and relevant employee and dependent enrollment data.
    • Establish Measurement and Tracking Periods – Proactively manage hours of part-time or seasonal employees to control benefits costs.
    • Document Offers and Affordability – Maintain documentation on the offer and affordability of healthcare coverage for each member.
    • Complete IRS Forms – Quickly generate IRS Forms 1094 / 1095 Series B and C on a yearly basis.
    • Maintain Compliance Records – Have the information you need at your fingertips when the IRS inquires with a penalty or bill due to an employee accessing the Exchange.

Penalties for Non-Compliance

    • A provider of minimum essential coverage that fails to comply with the information reporting requirements may be subject to the general reporting penalty provisions under section 6721 (failure to file correct information returns) and section 6722 (failure to furnish correct payee statement).
    • The penalty for failure to file an information return generally is $100 for each return for which such failure occurs. The total penalty imposed for all failures during a calendar year cannot exceed $1,500,000.
    • The penalty for failure to provide a correct payee statement is $100 for each statement with respect to which such failure occurs, with the total penalty for a calendar year not to exceed $1,500,000.
    • Special rules apply that increase the per-statement and total penalties if there is intentional disregard of the requirement to furnish a payee statement.