You’re expected to abide by government regulations, determine health plan coverage affordability, make pay-or-play decisions, generate IRS reports, and then pick up your kids after school later that evening.
So how the heck do you manage ACA compliance without the complexity?
We previously wrote about how to manage ACA compliance in the Sage 100, but what if you don’t use the payroll module? This is something that a lot of Sage 100 users are asking themselves lately. And rightfully so; it’s not a subject you can afford to take lightly. Many businesses are dealing with the additional requirements of the Affordable Care Act. To be out of compliance could cost you thousands. Fortunately if you use Sage’s flagship human resources management system, Sage HRMS (formerly Abra HRMS), there’s an app for that—figuratively speaking.
Sage HRMS features a module, My Workforce Analzyer, which allows businesses to conveniently and affordably abide by ACA compliance requirements and make decisions with confidence. Some of it’s benefits include:
- Simple set up through a data import from your HR or payroll product.
- Efficiently monitor important information, including full-time and full-time equivalent employee counts, hours of service, and more.
- Model different healthcare scenarios to decide whether to pay penalties for noncompliance or provide affordable healthcare. Compare your expenses based on three different scenarios.
- Get employee information at a glance, including a breakdown of healthcare coverage affordability by employee, and more.
- Generate ready-to-file forms 1094-C and 1095-C, which report information about covered employees, with data imported from your HR or payroll system. All you have to do is review, edit, and print.
If you’ve been considering implementing a human resource management system or bringing payroll in house, check out the My Workforce Analyzer spec sheet check out the on-demand webcast from the Sage HRMS team for more information.
