Topic: ACAWise: Your Ideal Partner for Streamlined ACA Reporting
Managing ACA compliance and reporting can be tough for businesses, but ACAWise, a top ACA reporting service, provides a comprehensive solution to make it easier. With ACAWise’s expertise, businesses can stay compliant, avoid penalties, and concentrate on their main activities
ACA Reporting - A Quick Recap
ACA reporting involves submitting information to the IRS regarding the health insurance coverage offered to employees or individuals This includes completing forms such as the 1095-B and 1095-C, which detail the coverage provided and verify whether it meets the ACA’s minimum essential coverage requirements.
Accurate and timely reporting is essential, as non-compliance can result in substantial penalties.
Why Choose ACAWise for ACA Reporting?
● Expertise in ACA Compliance: ACAWise specializes in Affordable Care Act (ACA) reporting, ensuring your compliance with IRS regulations. Our platform is designed to handle the complexities of ACA reporting, minimizing the risk of errors and penalties
● End-to-End Solutions: ACAwise is a full-service provider, meaning our software will take care of every aspect of your ACA reporting, starting from form generation and e-filing with the IRS and States to the distribution of recipient copies via Postal Mailing or Online Access Our solutions are customized to meet the needs of employers, insurance providers, and third-party administrators
● Accuracy and Efficiency: ACAwise uses various data validations to provide accurate and timely e-filing of Forms 1095-B and 1095-C with the IRS We generate accurate forms by applying extensive data validations during the filing process, such as IRS Business Rules Validation and USPS Address Validation
● Expert Support: Our team of ACA experts is available to provide support and guidance throughout the reporting process Whether you have questions about compliance or need help with our platform, we're here to assist you.
● Compliant with ACA Changes: ACAWise stays up-to-date with the latest ACA regulations and IRS requirements. Our platform is continuously updated to reflect changes in the law, ensuring your reporting remains compliant
● Advanced Security: Throughout this phase, your data will be securely stored on our HIPAA-compliant servers Our servers are SOC Certified and HackerProof, ensuring the highest level of data security.
Services Offered:
ACAwise offers two different services tailored to meet the unique needs of employers and insurance providers
● ACA Core - You can choose this service, if you have all the form data readily available including ACA codes
● ACA Elite - Not familiar with ACA codes? Don’t worry! ACAwise has got you covered. Just provide your payroll and employee census data, and let us take care of your ACA reporting
ACA compliance and reporting are critical tasks that can significantly impact your business By partnering with ACAWise, you can ensure accurate and timely ACA reporting, avoid penalties, and free up valuable resources to focus on growing your business Trust ACAWise to handle your ACA reporting needs with expertise and efficiency
Resource Article: https://wwwacawise com/