My Workforce Analyzer for Sage HRMS

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My Workforce Analyzer for Sage HRMS

Manage Affordable Care Act (ACA) Requirements & Reporting

Start Time: 11:00am ET

Webinar Details

Presentation is roughly 30-45 minutes

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Today’s PresenterLissa Johnsen, CMC, CITP, CPAEmployer Solutions Practice Director & Consulting Manager

• Over 25 years in accounting, HR solutions

• Sage Certified trainer and consultant for Sage

HRMS plus many ERP solutions as well

• Owned own business for over 15 years

• Focus on process and ROI as much as on the

technical solution

• Leading Net@Work’s initiative to HRMS

solutions to all of our clients

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Welcome to My Workforce Analyzer

Complying with the mandates of the Affordable Care Act

ACA timeline

2010 2012-2013 2014 2015 2016

• ACA becomes law

• Supreme Court affirms law

• Pay or Play postponed

• Healthcare enrollment available

• Monitor employees

• Pay or Play• Final regs

issued• Draft reports/

instructions• Marketplace

reopens • Mid-term

elections• Supreme Court

to review

• Track and maintain employee information for reporting

• Reports submitted to government

• Forms submitted to employees

Large employers MUST provide full-time workers with affordable healthcare coverage

ORface penalties up to $3,000 per employee

Did you know?

My Workforce Analyzer 7

Are you a large employer?

Large Employers are defined as employers with 100 or more full-time (or full-time equivalent) employees*

*In 2016 this will change to 50 or more FT or FTE employees.


Large employers MUST:

Offer coverage to 70% of their full-time (and equivalent) employees in 2015*

*In 2016 this will change to 95%.


Are You Ready?


What is important now?

Modeling• Cost to pay or play• Plan affordability• Budgeting for ACA Costs

Eligibility• Who is eligible• When are they eligible

Compliance• Offering benefits – right employees, right time• IRS Reporting

Employer Mandate

• Will go into effect for employers with 100+ FTE’s

• Instead of offering compliant coverage to 95% of full-time workforce, employers will only need to make an offer to 70% in 2015; 95% in 2016

• 50-99 FTE employers; compliance delayed until 2016

How can Net@Work and

Sage HRMShelp?

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• Is available to customers using Sage HRMS or Sage Abra Suite for HR management

• Can be using any payroll solution (csv payroll import into tool)

• Imports dependent and payroll information

• Includes critical 1094C and 1095C reporting

• E-file 1094C and 1095C with Sage Wage and Tax e-filing by Aatrix

My Workforce Analyzer:


More than just software

3/19/2015My Workforce Analyzer 15


FT, FTE and PT employee monitoring

Large employer

determination

Track measurement, administrative and stability

periods

Pay or play modeling

Employee Information

My Workforce Analyzer

Online Dashboards about your Workforce

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Highlights:

• Uses real time data

• Displays information in a dashboard format

• Allows you to consider the consequences of

your choices








Simple Company Setups using Benefit information from Sage HRMS

3/19/2015My Workforce Analyzer 22

ACA Reporting

Section 6055 report“Minimum essential coverage” to the IRS; notify all covered individuals about this coverage. Section 6056Requires employers with over 50 FTE’s to report on coverage offered to employees. Reporting compliance due in 2016 for 2015 informationAdditional penalties are levied for failure to comply with these requirements.

Administration of the Individual

Mandate

6055

Covered employees• Information about the entity providing

coverage• Information for each individual enrolled

in minimum essential coverage, including dependents and spouse

• Months for which each individual was covered

Employers with self-insured health plans

Administration of the Employer

Mandate

6056

All Full-time employees• Information about the employer, including

dedicated employer contact• Number of full-time employees by month• Information on the employer’s full-time

employees and the coverage offered to each employee by month

• Whether or not the employee enrolled (by month)

• Certification the employer meets minimum value standards

Applicable Large Employers

To IRS by 3/31 To IRS by 3/31

To EE by 1/31 To EE by 1/31

Year End IRS Reporting

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New Forms

IRS Reporting, ready for delivery


Questions?

For additional information, please contact:

Lissa Johnsen, CMC, CITP, CPA

Employer Solutions Practice Director and Consulting Manager

[email protected]

Ext 4609

Software

My Workforce Analyzer for Sage HRMS