Free Affordable Care Act Tools by Passport Software, Inc. - 800-969-7900

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Are you wondering if you qualify for ACA reporting for the coming year? There are many companies who aren't sure, or don't fully understand what qualifies as a full time employee under the ACA regulations. Use our free ACA tools to help you determine whether or not you will qualify for 2016 to avoid problems later! This video shows you how to use the tool and provides you with a link to visit our website so you can download it for free! Learn more about how our ACA software can help simplify Affordable Care Act reporting and compliance year-round. http://pass-port.com/aca/ 800-969-7900 "This video serves as a brief introduction to our free Affordable Care Act tool box. These excel spreadsheets will help you determine if the ACA will apply to you, identify full time employees, track offers of coverage, and ensure that the coverage is affordable. We hope they'll be helpful. The first tab calculates the number of full-time equivalent, or FTE employees you have. Not only does each full-time employee count as one, but the hours of each part-time employee count fractionally towards an FTE. By entering the population or hours of different employee types, we can calculate if we have at least 50 FTEs. Less than that, and you don't need to go any further. The ACA does not apply to you. Remember, the data you use for this calculation tells you whether you are an ALE for the next year. It makes sense when you think about it, and remember that you can't go back in time and offer insurance last January. By entering the fields in white, we see that our average number of FTEs for this example is 63. We are an ALE and must offer qualifying coverage to our full-time employees next year. The next four worksheets each identify full-time employees using the lookback method. They simply use different pay periods for your convenience: Weekly, bi-weekly, semi-monthly, and monthly. I'm going to demonstrate semi-monthly, but the others work the same. Like the ALE calculation spreadsheet, we will enter data into the white fields. If your time tracking or payroll solution has an excel output, you'll be able to arrange your data into the same sequence we have here, and simply copy and paste. The shaded column will identify full-time employees with a red-light icon, employees who are clearly part-time with a green icon, and those just beneath with yellow. At the top, there is a running total of full-timers in red. And lastly, we have an insurance report. By entering the company's insurance contribution percentage, employee ID or name, income, and total annual premium, the shaded columns give us information about the split, and whether it meets the federal definition of affordable, which is currently 9 ½%. A red indicator means an employee's share would be too expensive, leaving the employer susceptible to a shared responsibility payment. Yellow denotes an employee share between 9 and 9 ½ percent, while green means there is a relatively safe margin under that affordability threshold. If I increase our company contribution from 63% percent to 70%, you can see that we are now in safe territory across the board. We hope this gives you a good start with the ACA. If you are ready for a complete solution, including automated time-entry to monthly analysis reporting, to end of year paper or electronic IRS filing, Passport Affordable Care Act Management Software does all of the above. Contact Marti at 800-969-7900 ext. 103 for more information" Passport Software, Inc. 181 Waukegan Rd, #200 Northfield, IL 60093 800-969-7900 pass-port.com