You can count on My Workforce Analyzer as a system of record for ACA responsibilities.

 

My Workforce Analyzer uses data from your company to address specific questions and concerns, produce online dashboards, generate required forms, and help keep you compliant well ahead of deadlines so you can avoid stress and penalties. Although much of the data is imported from your HR or payroll product, intuitive setup screens simplify entering missing information about your company’s employees, benefits, and healthcare plans.

You can monitor important information such as full-time and full-time equivalent employee counts, your company’s status as a large employer for the current and upcoming years, employee hours of service, employees approaching part-time or full-time thresholds, and the countdown to the next administrative period in which changes can be made. 

My Workforce Analyzer even lets you model different scenarios to decide whether to pay penalties for noncompliance or provide affordable healthcare. You can view a summary of your annual expenses, including the cost of benefits, penalties, and taxes. You can also compare your expenses based on three different scenarios. 

Management of the whole ACA reporting is a challenge, and seeing which employees are receiving what benefits compounds the problem. 

My Workforce Analyzer shows a summary of employees with and without healthcare coverage, including employee and employer contributions listed by employee. It also reveals a monthly breakdown of healthcare coverage affordability by employee and means you can create a list of employees who receive subsidized healthcare coverage through a state health insurance exchange.