heartland payroll's aca solution deck
TRANSCRIPT
©2015 Heartland Payment Systems
What is the Affordable Care Act (ACA)?
The ACA requires you to provide your employees with a qualified level of insurance coverage. This requirement is enforced by the number of full-time equivalent employees.
Full-time equivalent employees are those who work 30 hours per week or more. However, part-time employees are also part of the calculation as a fraction and are included in the overall total.30h/w
©2015 Heartland Payment Systems
The ACA’s Impact on Your Business
If you have less than 49 employees,
you are not impacted by the ACA
ACA enforcement for companies with 100+
employees began on January 1, 2015
100+Companies with
50–99 employees will need to be compliant by January 1, 2016
49 50 99
©2015 Heartland Payment Systems
ACA
Heartland Can Help You Navigate the ACA
Meeting the ACA requirements can be a daunting task. Heartland’s solutions can help you understand the complexities, avoid noncompliance fines and reduce administrative work.
©2015 Heartland Payment Systems
Reporting Tools for You
Heartland offers flexible reporting options that provide:
• Data that can be used to track the number of full-time equivalent employees for your business
• Assistance in determining which category you must comply with under the Employer Mandate of the ACA
• Information so you can work with your benefits provider to comply with appropriate filing and year-end benefits filing according to the ACA
©2015 Heartland Payment Systems
More ACA Guidance
In addition to reporting, Heartland also offers:
• Guidance on current ACA requirements
• Training videos that review ACA details
• Documents, updates and FAQs covering all areas of Health Care Reform
• Notice of exchange documents that you can provide to new hires
• Email alerts as laws change on a state or federal level
• A communication portal to post information about open enrollment and insurance coverage
©2015 Heartland Payment Systems
To learn more about how Heartland can help you
navigate the ACA, contact your local Heartland sales representative.