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Ascentis HCM Software Manages ACA Compliance
Under the Employer Shared Responsibility provisions of the ACA (Affordable Care Act) or Health Care Reform, employers must provide affordable health coverage to their full-time employees and be prepared to deliver new IRS tax filings and forms that must be provided to employees.
The good news is that Ascentis is here to help! We have significant features available now and more being continually developed to help you navigate the regulations and requirements of the ACA.
Easy Compliance with the ACA Affordability Dashboard in Ascentis HRIS
Included with Ascentis HR is the ACA Affordability Dashboard that helps organizations determine whether or not they are in compliance with the ACA. This dashboard is a standard feature in Ascentis Self-Service. The dashboard shows a month-by-month analysis of whether or not your organization is offering affordable coverage, and also allows drilling down into the details and reporting.
The dashboard supports all three ACA safe harbors including the Federal Poverty Line, Box 1 W-2 Income, and the Monthly Rate of Pay. Because the Box 1 W-2 Income safe harbor requires payroll data, it is only available for Ascentis HR clients also using Ascentis Payroll.
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If you’re currently seeking new software technology to improve your HR workflows, we’d love to chat with you. Request a demo of Ascentis today.
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Our team knows that the number one asset in any organization is its people. We create human capital management solutions to help you develop your workforce and elevate team performance. Request a demo from Ascentis today to learn even more about the power of our products.