EMPLOYERS HAVE A NEW CHALLENGE – AFFORDABLE CARE ACT COMPLIANCE
The impact of the Affordable Care Act (ACA) on business, employers, and profits will set a standard for how an employer selects ACA advisors and service products. The Benefit Companies, Inc. created Affordable Care Act Compliance & Services, Inc. (ACACS) to specialize in employers’ ACA compliance and service needs. Our mission is to help employers address ACA compliance, documentation, and service issues that arise with the Affordable Care Act Regulation.
A Long History of Working In Government Regulation
The Benefit Companies, Inc. was formed in 1974 in response to the Pension Reform Act of 1974 known as ERISA. As a plan administrator we help employers develop their knowledge of the regulations and meet the compliance requirements imposed by federal regulations. Our clients depend on us for our technical regulatory knowledge and compliance services. Our history makes us uniquely qualified to help you comply with the new ACA regulations.
The Regulation Continues to Grow In Complexity
The original legislation began with 2,600 pages and has now grown to more than 26,000 pages of rules and regulations for employers to follow. Over time, the ACA rules and regulations will continue to grow and is expected to double in the near future.
ACA Third Party Administration Keeps You In Compliance
ACACS, Inc. is a Third Party Administrator for the Affordable Care Act, with the goal of helping employers navigate the complex administration and compliance requirements associated with ACA regulations. We eliminate the challenges of complying with the ACA by providing complete visibility and control over your benefits budget.
Our ACA Concierge Service Makes the Difference
While the marketplace is trying to determine what to do, we talk about HOW TO DO IT. Our ACA Concierge Service makes the difference by helping you manage your day to day administration of the Affordable Care Act.
A Special Note to:
Companies That are Classified as Financial Institutions
Data at financial institutions is governed by strict government regulations. ACA Compliance & Services has been set up to meet those rules that you have to follow. An important difference is that we not only receive and send encrypted data, but it remains encrypted in our system.
Companies That Are Under 500 Employees
We have found that companies may fall into categories based upon employee size. These companies may not have the depth in data management that ACA reporting requires. We are prepared to assist this class of employer with special handling in our sister company, ACA Fix and Repair, Inc.
Completing the IRS Government Reporting is complex. While the IRS has identified that the employee forms will take an employer 12 minutes per employee, this is just a fraction of the time it will take you to understand, track, and compile the information needed to begin the filing!