ACA
Elevate

ACA filing solutions for employers, ensuring 100% compliance with the 6055 & 6056 reporting requirements.

Features that benefit you:

24/7 Secure Online ACA Portal

Variety of ACA Training Materials

Simple to Complex Employers Handled with Ease

Full-Admin Solutions Available

Access to Compliance Experts for Support with Elevate

Corrections and IRS 226J Support Available

The Affordable Care Act (ACA) imposes demanding reporting responsibilities on employers each calendar year since 2015. The reporting stipulation states that an information return will be prepared for each applicable employee, and these returns must be filed with the IRS using a single transmittal form (Form 1094-B & 1095-B or Form 1094-C & 1095-C). The filing requirements are based on an employer’s health plan and the number of employees. Inability to file or report correctly will result in numerous and expensive fines for employers.

Noncompliance is expensive

Penalties

The IRS can assess $270 penalty per return for late, incomplete or incorrect forms. Also, if the IRS determines that the failure to file is the result of intentional disregard, the penalty is $540 per return without limitations.
In addition to filing reports with the IRS, the ACA requires employers to provide certain forms to employees, similar to the existing W-2 reporting requirements. It is important for employers to be aware that the penalties apply separately to both requirements. For example, a failure to file a Form 1095-C with the IRS and a failure to furnish the same Form 1095-C to the employee will result in two penalties of $270 each, or $540 per affected employee.
The IRS has started enforcement of the ACA employer mandate penalties. Contact us for assistance with Letter 226J assessments by the IRS of Employer Shared Responsibility Payments (ESRP).

Best-in-class service

Dedicated ACA Compliance Specialists for each ACA Elevate client
Average hold time is fewer than 30 seconds
Corrections and IRS 226J letter support available for ACA Elevate clients

Who must comply with ACA Filing?

ACA Elevate Decision Tree

ACA Elevate, a Simple Solution to a Complex Problem

Take away the stress and complexity of ACA coding with assistance from our compliance experts
Works off of a simple MS Excel workbook upload with employee and coverage data at year-end. Focus on key deliverable’s for employers with simpler reporting needs. Perfect stand-alone solution for companies who don’t want to pay extra to upgrade their payroll platform
Real time access to training videos and Q&A guide, your ACA workbook, and the ability to view draft forms and make changes online anytime
Automatic access to eFiling with the IRS, plus mailing services and streamlined corrections process available
BASIC’s ACA Elevate assists employers who must comply with state mandates. New Jersey, Washington D.C., California, Rhode Island, and Vermont are the states with individual mandates which require residents of those states to maintain minimum essential healthcare coverage or pay a tax penalty.