Payentry helps you make sure ACA reporting is accurate
HR One can help your organization to determine the portions of the Affordable Care Act which your organization is subject to and what, if any, reporting requirements you may be subject to. For HR One payroll clients, our Payentry system has the tools that can actually assist you in completing the reporting and filing requirements.
If you have a self-insured health plan or have a fully insured plan and at least 50 full-time employees or 50 full-time equivalent employees you need to file information returns to the IRS regarding health insurance coverage offerings (a full-time employee generally includes any employee who was employed on average at least 30 hours of service per week).
For HR One's payroll clients, the Payentry system has the tools to assist you in collecting and organizing the information you'll need for the reporting and will be able to file the reports for you in a timely manner.
Within the system you'll have the ability to classify employees for purposes of the ACA as full-time or part-time, both as part of the new hire set-up as well as current employees under the individual employee information page under the "ACA" tab.
As you track employee status and hours throughout the year you'll also have the ability to generate reports that help organize the information you'll need for filing with the IRS and providing information to employees.
Current payroll clients of HR One can log-in to Payentry to verify that they are currently tracking this information and, if not, start to input the information for your employees. If you have questions about how to use the Payentry system to track this information and run the reports, contact us.