Affordable Care Act Services

When you partner with 360 Payroll you will be assigned a Subject Matter Expert (SME) to assist with the Affordable Care Act. We’ll explain all the options, help you get started, track the entire process and submit the year-end report for you.

Regarding the Affordable Care Act... Did you know?

Applicable Large Employers of 50 or more FT/FTE employees are mandated to:

  • Offer affordable, minimum essential health care coverage to full-time employees
  • Use 1094-C and 1095-C to report to the IRS information about the health care coverage, offered or not offered to full-time employees
  • Furnish 1095-C to full-time employees providing the same information reported to the IRS

Our HR and ACA services can take care of mandated reporting and so much more.

  • provide all legally required IRS and Employee reporting
  • record employer-provided health care offers
  • record employee health care elections including waiving of offers made
  • tie health care elections to employee payroll deductions for easy maintenance
  • use scheduled status updates to monitor health care eligibility for new variable hour employees
  • use actual payroll data to measure employee eligibility for health care offers to ongoing employees
  • use employee wage information to determine the affordability of health care offers per full-time employee
  • additional HR reporting including OSHA, EEO and Veteran reporting, provided education/required education tracking, performance evaluation tracking, property tracking, document storage and more