Affordable Care Act (ACA) – Obamacare
Businesses of 50+ full-time employees (or Full-Time Equivalents) directly impacted by the Affordable Care Act (ACA). Affordable healthcare (qualified plan) must be offered to all full-time employees to avoid penalties. Businesses need to track status of each employee to determine if they become eligible for healthcare during the year. In addition, 1095 forms (similar to a W-2) must be issued annually to each employee.
Trying to find qualified plans while maintaining fiscal responsibility and tracking and reporting as outlined above is a daunting task. Finding the right software can solve a lot of these issues. For many staffing companies, Avionte Staffing Software has proven to be a cost effective solution. For our staffing agency, we changed software because of the challenges directly associated with ACA. We would not be able to be compliant without a software to handle these issues.
Avionte addressed the tracking and reporting challenges and integrated with a benefits provider to manage all of the premiums related to employees who were constantly changing.
Although our reason for selecting Avionte was motivated by need, the cost associated with it was more than recovered by other benefits of the software. Click Software Implementation to view other benefits of Avionte.
To learn more about this topic or other services, please contact us.