Because our platform maintains one synchronized data set for human resources, employee benefits and payroll, CheckPoint HR clients enjoy a significant advantage when it comes to managing ACA reporting.
Edison, New Jersey (PRWEB) September 14, 2016
Employee benefit and human resource innovator CheckPoint HR, Inc. today introduced enhancements to its technology and services designed to help employers comply with the Affordable Care Act (ACA) and meet its reporting requirements.
Introduced in September 2015, CheckPoint HR’s ACA services provide a simple and efficient way for employers to determine health care eligibility, collect the data required for ACA reporting, and electronically file their 1094-C and 1095-C forms. This year, the company introduced additional ACA capabilities, including advanced data population features and enhanced client support options.
The Patient Protection and Affordable Care Act, also known as the ACA, was designed to extend health insurance coverage to uninsured Americans, including those with preexisting medical conditions. Beginning in 2016, U.S. employers with 50 or more full-time employees, including full-time equivalents, are required to file reports with the IRS or face penalties.
CheckPoint HR introduced its enhanced ACA services as a direct response to market demand from employer groups seeking more comprehensive services for ACA compliance. Based on early indicators, such as pre-orders and client requests, the company projects that over 75 percent of its clients will select this new offering for the 2016 reporting year.
“Employers are looking for solutions for complying with the Affordable Care Act without investing countless hours and administrative resources,” said Tim Padva, chief executive officer and founder of CheckPoint HR. “After the a highly successful launch of our ACA product last year, we incorporated client feedback and information gathered from our first year to hone our ACA product and make it even more valuable for our clients.”
Features available in CheckPoint HR’s enhanced ACA solution include:
- Automatic monthly ACA data population
- Employee set-up functionality
- Import tools
- 1094-C and 1095-C forms
- Robust reporting
- Employee eligibility monitoring
CheckPoint HR will also offer ACA training webinars to its ACA clients, which walk them through the ACA process from setup, reviewing and updating auto-generated 1095-C data to finalizing the 1095-C and 1094-C forms. A members-only ACA web portal provides clients with webinar recordings, ACA Toolkit user guides and other information to help manage ACA compliance.
“Because our platform maintains one synchronized data set for human resources, employee benefits and payroll, CheckPoint HR clients enjoy a significant advantage when it comes to managing ACA reporting,” said Mike Gorker, chief technology officer of CheckPoint HR. “Our ACA solutions harness this data integration to create an easy and intuitive way for employers to manage reporting and compliance.”
CheckPoint HR provides technology and expertise for controlling health insurance costs, efficiently managing administration and ensuring regulatory compliance. The company fully integrates the employee benefit, human resource and payroll functions on a single technology platform.
About CheckPoint HR
A total employee benefit and human resource solutions provider, CheckPoint HR empowers businesses of all sizes to save money and administrative resources while offering more choice and flexibility to employees. Our employee benefit team offers unrivaled expertise in employee benefit strategy, selection and administration. Our proprietary insurance marketplace, CheckPoint Choice, delivers a full-service private exchange that is affordable and easy to manage. Our CheckPoint Core technology fully automates the HR and employee benefits process from recruitment through separation. Collaborating with our employee benefit and human resource experts, CheckPoint’s software developers incorporated key industry best practices into a compliance-aware rules engine that takes the guesswork out of employee benefits and HR. The result is efficiency, accuracy, risk mitigation and significant cost savings. To learn more, visit http://www.checkpointhr.com.