using aca tools
DESCRIPTION
Using ACA Tools. ACA Dashboard. ACA 2014. Muddled Maze Confusion. Questions Employers are Asking:. What is a “Full-Time Equivalent” employee? How do you define Full-Time employee? What is “affordable, minimum value” coverage? Who is included in offering “dependents” coverage? - PowerPoint PPT PresentationTRANSCRIPT
![Page 1: Using ACA Tools](https://reader035.vdocument.in/reader035/viewer/2022062218/568161cb550346895dd1b41d/html5/thumbnails/1.jpg)
Using ACA Tools
ACA Dashboard
![Page 2: Using ACA Tools](https://reader035.vdocument.in/reader035/viewer/2022062218/568161cb550346895dd1b41d/html5/thumbnails/2.jpg)
ACA 2014
• Muddled Maze• Confusion
![Page 3: Using ACA Tools](https://reader035.vdocument.in/reader035/viewer/2022062218/568161cb550346895dd1b41d/html5/thumbnails/3.jpg)
Questions Employers are Asking:• What is a “Full-Time Equivalent” employee?
• How do you define Full-Time employee?
• What is “affordable, minimum value” coverage?
• Who is included in offering “dependents” coverage?
• What is a “controlled group”, and does it effect me?
• How and when is a tax triggered for me?
![Page 4: Using ACA Tools](https://reader035.vdocument.in/reader035/viewer/2022062218/568161cb550346895dd1b41d/html5/thumbnails/4.jpg)
Benefits Professionals - Mapping Success
• Road to Success• Three Key Steps• Starts Today
![Page 5: Using ACA Tools](https://reader035.vdocument.in/reader035/viewer/2022062218/568161cb550346895dd1b41d/html5/thumbnails/5.jpg)
Impact Analysis & Scenario Modeling
Applicable Large Employer Status Review Scenarios and Model
decision Affordability Potential Liabilities Outline Key Decision Points
1
1
![Page 6: Using ACA Tools](https://reader035.vdocument.in/reader035/viewer/2022062218/568161cb550346895dd1b41d/html5/thumbnails/6.jpg)
Decision Making & Documentation
2 Make Decisions
Less than 25 FTEs, 25 to 50 FTEs and 50 Plus
Coverage Measurement, Administrative &
Stability Periods Formal Plan Document
No Documentation No Plan
![Page 7: Using ACA Tools](https://reader035.vdocument.in/reader035/viewer/2022062218/568161cb550346895dd1b41d/html5/thumbnails/7.jpg)
ACA Decision Support Tool
![Page 8: Using ACA Tools](https://reader035.vdocument.in/reader035/viewer/2022062218/568161cb550346895dd1b41d/html5/thumbnails/8.jpg)
Plan Implementation & Monitoring Demonstrate Compliance
Measurement, Administrative and Stability Periods
Ongoing Salary, Ongoing Hourly, New Variable Hour
Monitoring, Tracking with monthly reporting to prepare for Annual IRS reporting and audits3
1
![Page 9: Using ACA Tools](https://reader035.vdocument.in/reader035/viewer/2022062218/568161cb550346895dd1b41d/html5/thumbnails/9.jpg)
ACA Dashboard
Tracking and Monitoring in Real-time
![Page 10: Using ACA Tools](https://reader035.vdocument.in/reader035/viewer/2022062218/568161cb550346895dd1b41d/html5/thumbnails/10.jpg)
Options
• Employer Solution– Employer Sets up and Manages in House– Single Employer and Multi-Employer
• Enterprise Solution– Professionals Manage for Companies– From Set up to Ongoing Reporting
![Page 11: Using ACA Tools](https://reader035.vdocument.in/reader035/viewer/2022062218/568161cb550346895dd1b41d/html5/thumbnails/11.jpg)
Purchasing• ACA Decision Support Tool– NAHU website – Member Benefits– Annual Licensure
• ACA Dashboard– Member Benefits– Employer Solution – based upon size and number of
companies– Enterprise Solution – based upon the number of Companies
and Company size for set up– Benefits Professional – opportunity for commission on
reselling