Benefits have never been so easy! Set up your benefit plans once, driving enrollment and deductions throughout the system. In addition, iSolved connects with carriers to ensure all life events are properly communicated to the carrier — on time.

Simplified Management

iSolved helps smooth out the complex task of managing your workforce benefits.

Organized Enrollment

Increase employee engagement with proper checks and reporting, which will simplify the open enrollment period for everyone involved.

Life Event Wizards

Make changes to benefit plans quickly, ensuring your employees have the right coverage for their changing situations.

Full Benefit Cost Analysis

Ease enrollment for your employees with easy cost benefit comparisons.

iSolved Benefits Enrollment

The iSolved enrollment process increases employee engagement, and includes checks and reporting to help smooth out the complexities of your open enrollment period.

We work hand in hand with your broker and will ensure your employees have the information they need to properly and efficiently manage their benefit selections.

The iSolved benefits enrollment capabilities make planning and decision-making easier for your employees.

iSolved ACA

Do you have to comply? Companies that employ 50 or more full-time equivalent employees are defined as an Applicable Large Employer (ALE). The employer mandate requires all ALEs to offer minimum essential coverage that is both affordable (9.86 percent income for 2019 and 9.78 percent for 2020) and provides minimum value (policy pays 60 percent of the costs) or face a penalty called the Assessable Payment (play or pay). This coverage must be offered to all full-time (FT, defined by total hours of service) employees and is determined by using either a monthly or look-back measurement period. The employer mandate applies to ALEs of 50 employees or more or small employers (those not considered ALE) who offer health insurance through a self-funded or self-insured health plans. Self- funded healthcare employers must provide a Form 1095-B to each employee who elected health insurance coverage.

If ALEs offer FT employees coverage deemed unaffordable (at least 9.86 percent income for 2019 and 9.78 percent for 2020 of the employee’s income for the least expensive employee-only, compliant plan) or doesn’t provide minimum value (the plan’s share of total cost of benefits under the plan is less than 60 percent), the employers may face a penalty. For more information on penalties and employer shared responsibility please visit https://www.irs.gov/affordable-care-act/employers/questions-and-answers-on-employer-shared-responsibility-provisions-under-the-affordable-care-act.

In order to meet ACA reporting requirements, employers should continually be compiling and analyzing data throughout the year to determine coverage and affordability. Required data collection includes...

Aggregate group membership tracking
Total employees
Total FT employees
Total months covered

Whether minimum essential coverage was offered, is affordable and meets minimum value
Employee information including Social Security Numbers or birth dates

Filing

ALEs must file Form 1094-C to the IRS with data on:

Total employees and full-time employees
If minimum essential coverage was offered
Designate 4980H transition relief

ALEs must file Form 1095-C with the IRS and provide a copy to each fulltime employee. The form includes information on:

Types of coverage offered to employees and their eligible dependents
Lists employee share of the lowest cost monthly premium
Any applicable safe harbor codes
List of covered family members if plan is self-insured

Important dates. The applicable 1094 and 1095 forms must be provided to employees by January 31 and filed with the IRS by February 28 (paper filing) or March 31 (electronic filing). The IRS will use these forms to determine employer shared responsibility and affordable minimum essential coverage, so having data accurate and readily available is critical.

Your compliance made easy. Don’t wait any longer to make your move to comply with ACA requirements. Remember to consider all of the factors and minimize your compliance risks.

iSolved ACA Reporting is a robust solution that can keep you in compliance:

ALE test to calculate FTEs and determine ALE status
Look-back reporting identifies changes in employee ACA status and benefit eligibility
Affordability report determines if health benefits are considered affordable based on ACA safe harbors
Projection tools to estimate new minimum essential coverage affordability
Data: Aggregate group membership, minimum essential coverage, minimum value, capture employee ACA status, benefit eligibility and offers of coverage

Draft versions: ACA annual forms available to run on demand for pre-filing verification
Forms: Produce and file applicable 1094 and 1095 forms
Broker Workbench allows brokers to help manage their customer’s plans
Override screens: Access to manually update the indicator codes for employee benefit offer and coverage on the 1095-C, Part II
Annual 1095-C: Employee forms produced and delivered to customer, visible to employees via ESS

ACA compliance is critical to avoid fines and penalties. iSolved houses all your data – dates, employee status and more - in a single source and can produce reports for your ACA compliance. Accurate workforce data is vital to your compliance.

Tracking Benefits

Benefits Enrollment

Our HCM technology, iSolved, helps smooth out the complex task of managing your workforce benefits. No hassles.