BeneTrac, a provider of web-based enrollment and employee benefits administration software, will add to its suite of health care reform solutions, the BeneTrac Full-Time Employee Analysis Service. This service will assist employers in preparing for the employer shared responsibility (ESR) provision of the ACA.
“Although the employer mandate doesn’t take effect until January 1, 2015, there are a number of things employers need to act on now to ensure they are in compliance with the new requirements when 2015 hits,” says Summer Hamilton, vice president of sales for the San Diego-based BeneTrac. “With the release of our new service, we’re easing the administrative burden that falls on employers and their human resource administrators in 2014 to determine which employees are considered full-time and therefore may put them at risk of penalties.”
Under the ESR provision, employers with 50 or more full-time employees will need to provide qualified and affordable health insurance or face potential penalties from the Internal Revenue Service. To determine which employees must be offered coverage in 2015 to avoid potential assessments, employers may need to establish a look-back measurement period.
The new BeneTrac service will simplify this process by providing modeling capabilities so employers can determine the impact of different measurement periods for tracking employee hours worked. In addition, human resource (HR) administrators will be able to more easily analyze employee data to determine which variable hour employees are full-time—and should be offered adequate and affordable coverage—or may subject employers to a potential penalty. Each month, the look-back report will help employers identify and manage monthly eligibility changes.
More information is available by calling 619-788-5800 or e-mailing salessupport@BeneTrac.com.
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