Many applicable large employers (ALE), are not prepared to manage all of the complexities associated with reporting and filing Forms 1094-C and 1095-C. Proliant provides all the essential components for ACA compliance, without the need for costly time & labor or benefit administration systems.
Payroll History: 17-28?
This is the most critical step in implementing an ACA solution, but it is often overlooked. Many providers force you to retrieve historical payroll reports and complete time-consuming setup documents. Proliant migrates 17 to 28 months of detailed, historical payroll records on your behalf (relative to your start date with Proliant) to ensure that you have the information needed for IRS reporting.
- Measurement, Administrative, and Stability Periods
- Email notifications for insurance eligibility and defined hourly thresholds
- Projections for health insurance expense budgeting
- Safe harbor testing (W-2, Rate of Pay, and Federal Poverty Line)
- Deduction administration
- Medical plan setup (specifying the lowest cost option for applicable benefit classes)
IRS Reporting: 1094-C and 1095-C
If you employ 50 or more full-time equivalents (FTE), you are required to prepare and file Forms 1094-C and 1095-C with the IRS for the 2015 plan year, regardless of whether or not you qualify for transition relief for offering coverage. Form 1095-C must also be sent to the applicable (full-time) employees. Proliant will generate and file Forms 1094-C and 1095-C.
Getting your benefits broker involved...
Your benefit broker may also require assistance navigating you through the complexities of ACA reporting. Proliant not only provides ACA services for clients directly, but we also provide your benefit broker with an ACA portal to help you manage the process. You and your broker have the data you need to make informed decisions and find the most beneficial insurance options for both your budget and your employee’s well-being.