The Ugly Truth about Affordable Care Act Compliance

Many employers do not have the systems in place to support efficient compliance with the Affordable Care Act (ACA).  Deploying the right solution is critical given the requirement that 1095-C forms need to be delivered to employees by January 31^st.  The ugly truth of ACA compliance is that it will remain painful for employers until they embrace technology that can make compliance truly efficient and accurate.

An efficient solution for ACA compliance must have four core capabilities:

1. Track the data necessary for reporting compliance:

• Group health premiums, coverage dates and, for self-funded plans, dependent information
• Compensation data (payroll)
• Time (hours worked)

2. Aggregate the data:

• If the required data lives in disparate systems (Human Resources, Payroll, Benefits, and Time Keeping) it must be aggregated to present a clear, timely, and accurate picture of ACA status in real time.  Aggregating this data is hard enough to do at the end of the year, not to mention continuously to support real-time decision making
• If employers are members of a control group (related employers that consist of more than one legal entity), data must be aggregated for the entire control group

3. Measure and analyze the data to support real-time decision making throughout the year:

• Alert the employer when employees attain or lose coverage eligibility
• Understand affordability to avoid substantial penalties for not offering affordable coverage

4. Report the required data to employees and the IRS each January for the preceding year:

• Self-insured plans must complete Section III of the 1095-C form and therefore must track and report dependent information
• Large employers (250 or more employees) must report data to the IRS electronically using the IRS AIR reporting system

Can your technology efficiently deliver on the requirements of the ACA during the 31 days of January?

Mosaic’s Workforce One platform is uniquely positioned to address ACA compliance.  Workforce One is a comprehensive workforce management system that has the Human Resources, Payroll, Benefits, and Time Keeping capabilities the ACA requires – all delivered on a single database with a single user- interface.  

If you would like to see how Workforce One can take the ugly out of ACA compliance, call (303) 645-4270 or visit www.mosaices.com.

Single Platform vs. Integrated Platform – What does that mean?

Throughout our experience as a company, we have learned how cautiously vendors tend to phrase how their solutions are “integrated” with each other or with other vendors. The way it’s marketed can look fantastic on a piece of collateral or on a website, but when it comes down to actually using the solution, it can be far different.

With the success of our last blog post “3 Reasons Why Employers Are Requiring Single Platform Workforce Management Solutions,” we thought it would be prudent to continue to elaborate on the difference between integrated and single systems. 

It is very evident that the market is moving away from the integration of disparate systems to “play nice” with each other and towards the use of single systems that are architected and designed as a cohesive suite of applications.  If you ask five different people what integration means, you’ll likely get five different answers. Instead of trying to come up with a single definition of what integration means, we want to help you navigate through the marketing fluff and show you two of the ways you can expect your solutions to work with each other.

Single Platform – This is the most ideal scenario for your company. A single platform for multiple applications SHOULD mean that this is a platform built from the ground up on one database. In saying this, there would be only one database for the data housed within all of these applications.

What does that mean and why does that matter to you?

This kind of solution enables you to have a single record for:

• An employee in the case of workforce management or human capital management
• A prospect in the case of sales and marketing, or more specifically CRM and marketing automation
• A customer in the case of a support platform and CRM

All of these would result in only one field throughout all your solutions for a last name. The biggest benefit to this is really that there is no exchange of data that needs to take place – essentially all of these solutions can act as a single application. This kind of solution essentially goes beyond any formal definition of integration where separate applications or software solutions are connected together.

Beware, though! Vendors using this phrase may be talking about an integrated platform…

Integrated Platform – An integrated platform may be branded as a “single platform” or vice versa, but these are usually yesterday’s applications cobbled together with a common or similar interface that makes it seem like a single platform. We like to call this lipstick on a pig. One way to uncover this is by asking whether or not all these solutions were built on a single database from the ground up. If they were developed separately, that should be a red flag, as what you’re evaluating is likely just an integrated platform.

It’s not bad… but it’s not the best. And with all the consumer software technology we use today, we expect the best. There has to be an exchange of data with an integrated platform between applications. The main difference between this and the single platform mentioned above is that changes made in one application likely won’t flow over to the other application simultaneously, or in ‘real-time’.

What does that mean and why does that matter to you?

• Without a single database:
  • There are multiple employee, prospect, or customer records that need to be maintained. And as a result, this could mean having to enter the same data more than once.
  • Additionally, with these separate records, this would require separate implementations, and therefore, a longer time before you’re actually up and running with your solution.
• Also, if data isn’t exchanged in real-time, it impacts the integrity of the data and you may not necessarily be able to make your decisions in real-time because you’re waiting for a scheduled data exchange between Application A and Application B.

Integration can be overwhelming when we start uncovering the level at which the integration takes place, whether it’s simply a single sign-on or a tighter, more seamless integration, a one way integration vs. a two way integration, etc.

What does this all mean??? Your best bet is to just find a single platform of applications that all reside on a single database. It’s what we’ve all come to expect from software. The only problem is one vendor can’t specialize in all of these different areas… unless we’re talking about workforce management.

Click here to learn more about how Mosaic can help your business thrive with our single-platform, single interface, and single employee record workforce management solution.

You can also visit us at www.mosaices.com and call us at 303-645-4270. We look forward to an opportunity to speak with you. 

3 Reasons Why Employers Are Requiring Single Platform Workforce Management Solutions

You’re almost guaranteed to hear on any software demonstration the word “integration”, but what does that mean? Put simply, integration means having Software A and Software B exchange data between the two, though integrations do not have to be limited to just two systems.

Companies using multiple software solutions, such as HR, payroll, and time and attendance, are now demanding that these technologies be integrated. This has forced the software developers with disparate solutions to cobble together connections between their products, while developers with solutions on a single platform are already offering real time data integration. Integration sounds nice, but wouldn’t it be even better if all of your applications existed on a single platform that has been created to work together seamlessly? The great news is that this capability already exists!

In this blog article, we thought that it would be important to talk with employers to discuss exactly why having a single system is so important for their businesses and how they have experienced the power of a single-platform solution.

1. They now know that a single-platform solution is not only available, it is affordable.

A single system suite of all the needed workforce management solutions is not a new concept in the marketplace today. In fact, they’ve been utilized for years now by the enterprise corporations that saw the benefits and could afford the high price tag that came with them. But as technology has evolved, this deeper level of functionality has been made available to small and midsized businesses (SMBs) at a price they can actually afford.

Now that these SMBs are “seeing the light” on the benefits of multiple applications on a single platform, they’re beginning to demand these fully embodied solutions as a prerequisite. Service providers without the ability to offer this are simply unable to compete with those that can, and service providers offering single-platform solutions are in a unique position to grow market share and mind share within their space.

2. Drives easier and more efficient decision making with reliable data.

Data integrity is everything. You have data for a reason; it’s going to inform decisions that you’re making in your business. If you have the same data residing in multiple places, there’s always an opportunity for data to get out of sync and for it to be wrong in one or multiple of those places. When that’s the case, and you’re consulting one of those systems, you’re pulling the wrong data and making decisions based on the wrong information.

When data takes time to flow between disparate solutions, businesses are unable to get an instant snapshot of their workforce and make decisions on the fly. Having all of your information on a single platform also helps with efficiency by removing the need for data exporting, importing, duplicate data entry, as well as separate resources, software, and multiple logins. Clients simply access one solution sharing data across all of their applications.

3. Creates a competitive advantage and helps with compliance.

Through a more efficient system with reliable data, businesses with single-platform solutions are simply able to operate at a higher level than those with disparate solutions. If you had the choice between being able to proactively manage your business on the fly as changes and obstacles occur, or having to wait a day or two in order to make reactionary changes, which would you want to use? This example shows exactly how businesses with a single workforce management solution can easily gain a competitive advantage in the marketplace.

Are you concerned about managing your Affordable Care Act (ACA) compliance? A single suit of solutions enables businesses to analyze real-time labor data and make the necessary changes to ensure they remain compliant before issues arise. Workforce management solutions such as these are the best way to manage your workforce in today’s world of employment, and we’re seeing that the ACA is especially responsible for driving the demand for single-platform solutions on the workforce management front.

Are you in need for a single-platform workforce management solution? What are some of the issues that you could see yourself living without by moving away from disparate solutions?

Please share your experiences and learn more about how Mosaic can help your business thrive with our single-platform, single database, and single user-interface.

Visit us at www.mosaices.com and call us at 303-645-4270 today!

Health Coverage Information Reporting Deadlines for Applicable Large Employers are Approaching

Who Must Report?

As a governmental, Tribal, tax-exempt or for-profit employer, if you are an applicable large employer you are subject to the Affordable Care Act information reporting requirements. These requirements apply to you whether or not you offered health coverage to your employees.

You are an applicable large employer for 2015 if you had 50 or more full-time employees, including full-time equivalent employees, in 2014.

What Must You Report?

If you were an applicable large employer in 2015, you must file information returns with the IRS and provide statements to each employee who was a full-time employee for at least one month of the year about health coverage you offered or to show that you did not offer health coverage.

What Forms Must Be Used To Report?

Form 1094-C, Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Return: used to report to the IRS summary information for each employer and to transmit Forms 1095-C to the IRS.
Form 1095-C, Employer-Provided Health Insurance Offer and Coverage: used to report required information to your employees and to report information about each employee to the IRS.

What Are The Due Dates For Reporting?

Forms 1095-C must be provided to your employees by February 1, 2016.
Forms 1094-C and 1095-C are due to the IRS by February 29, 2016, if filing on paper, or March 31, 2016, if filing electronically.

More Information

For more information, visit our page about what our ACA manager can do for you or give us a call at 303-645-4270.

Also, make sure to check out the questions and answers about Reporting of Offers of Health Insurance Coverage by Employers on IRS.gov/aca.