Educational institutions face unique challenges when it comes to compliance with the Affordable Care Act (ACA). From managing variable-hour employees like substitute teachers to ensuring accurate reporting, schools, colleges, and universities require a reliable solution to navigate the complexities of ACA compliance. This is where ACA-Track excels, offering tailored features to meet the specific needs of educational institutions.
Understanding ACA Compliance in Education
Schools and universities often employ a mix of full-time, part-time, and variable-hour staff. Ensuring compliance requires tracking and reporting for all employee types while adhering to strict deadlines. Key responsibilities include:
- Tracking hours worked by paraprofessionals, substitute teachers, and other variable-hour staff.
- Monitoring eligibility for health coverage under ACA guidelines.
- Submitting accurate and timely reports to the IRS, including Forms 1094-C and 1095-C.
The potential penalties for non-compliance underscore the importance of an efficient and accurate approach.
ACA-Track: A Solution for Educational Institutions
ACA-Track is a comprehensive platform designed to address the specific needs of schools, colleges, and universities. Key features include:
- Flexible Data Integration: ACA-Track collects hours worked from multiple systems, including manual time sheets and automated time clocks, ensuring accurate tracking for all staff types.
- Eligibility Monitoring: The platform provides real-time alerts for employee eligibility thresholds, helping institutions stay ahead of compliance requirements.
- Automated Reporting: With tools to generate and e-file Forms 1094-C and 1095-C, ACA-Track streamlines the reporting process, saving time and reducing errors.
- Error Correction: ACA-Track’s built-in error detection identifies and resolves issues during data uploads, simplifying compliance management.
Dedicated Support for Schools
One of ACA-Track’s standout features is its dedicated account management. Educational institutions receive personalized support from an expert who understands their specific needs, from addressing data issues to navigating IRS corrections.
Additionally, the platform’s user-friendly interface and customizable dashboards make it easy for schools to access and analyze critical compliance data in real-time.
Secure and Reliable
ACA-Track prioritizes data security, with all information encrypted and stored in a cloud-based environment that adheres to SSAE 16 SOC 2 standards. Educational institutions can trust that their sensitive information is protected at every step.
Simplify ACA compliance for your educational institution with ACA-Track. From tracking hours to filing reports, ACA-Track provides the tools and support necessary to ensure compliance with confidence. Learn more about how ACA-Track can benefit your school or university today.
