Presentation is loading. Please wait.

Presentation is loading. Please wait.

Do-It-Yourself Affordable Care Act Reporting Benefit Concepts, Inc

Similar presentations


Presentation on theme: "Do-It-Yourself Affordable Care Act Reporting Benefit Concepts, Inc"— Presentation transcript:

1 Do-It-Yourself Affordable Care Act Reporting Benefit Concepts, Inc
Do-It-Yourself Affordable Care Act Reporting Benefit Concepts, Inc. January 2017

2     ACA 101 – The Foundation
Individuals must have minimum essential health coverage Premium tax credits will be available through the exchanges Employers must offer affordable coverage to 95% of full-time employees ACA Reporting via Forms 1094 & 1095 is designed to provide the IRS with the necessary data and information to monitor these ACA foundational requirements & is the Employer’s Responsibility

3 ACA Technology – Market Briefing
(Generally) Every Employer with 50+ Employees Need an ACA Reporting Solution Employer Penalties ($260 per form not filed correctly; ~$3.2MM cap) Vendor Options/Solution Providers Payroll/HCM Benefits Administration ACA Software Company Limited Support from In-house Payroll Software Providers Demand Currently Outstripping Supply Most Vendors Are (appropriately) Cautious All Leverage Currently Resides with Vendors – Timing, Pricing, etc…

4 Introduction to DIY1095 Do-It-Yourself Tool for Form 1094 & Creation Data Upload Feature TurboTax-like Features On-line Wizard Avoids ACA-speak Simple and Straightforward Tools and Resources Throughout Dashboard & Reporting Capabilities Provides for Paper Filing of IRS Forms (less than 250 forms) Efile support available Print- and Mail-ready Forms Created (or option to outsource fulfillment to a third party administrator) Notes:

5 Security of Your Data 256-bit SSL Encrypted Communication (HTTPS)
Network Server Redundancy with 99.9% Up Time Best-in-Class Equipment for Firewalls, Routers and Servers Innovative Secure Technology Restricting Access Full and Incremental Backups SiteLock Security Monitoring Database and Password Encryption $1,000,000 Cyber Liability Coverage $1,000,000 E&O Coverage

6 DIY1095 – Demonstrations & Details
Highlights Video Visit Click “View Video”

7 DIY1095 – Designed for You Delivered to You by Benefit Concepts, Inc.
On-line Terms & Conditions via “Click-through Agreement” One-time Cost: {TBD} Compliance Support via Benefit Concepts, Inc. Technical Support via DIY1095 Team at MillsonJames Track Employee Data Throughout the Year via Upload Template Available Shortly After IRS Releases Final 2016 Forms Continually Updated and Revised per IRS Guidelines


Download ppt "Do-It-Yourself Affordable Care Act Reporting Benefit Concepts, Inc"

Similar presentations


Ads by Google