Colleges and higher education institutions often face intricate challenges when it comes to ACA compliance. With diverse employee groups, including adjunct faculty, administrative staff, and part-time employees, managing eligibility and reporting requirements can be overwhelming. ACA-Track offers a comprehensive solution designed specifically for colleges, streamlining compliance processes so institutions can focus on education and innovation.
Challenges of ACA Compliance in Colleges
Higher education institutions face unique obstacles in meeting ACA compliance requirements, such as:
- Tracking hours for variable-hour employees, such as adjunct professors and seasonal staff.
- Determining eligibility for healthcare coverage based on ACA guidelines.
- Ensuring timely and accurate filing of Forms 1094-C and 1095-C with the IRS.
These challenges demand a reliable, industry-specific solution to streamline compliance management.
How ACA-Track Supports Colleges
ACA-Track provides a suite of features tailored to the needs of colleges and universities:
- Data Integration: ACA-Track consolidates data from various sources, including payroll systems and faculty scheduling platforms, ensuring accurate tracking for all employee types.
- Eligibility Monitoring: The platform monitors employee hours and provides real-time alerts when eligibility thresholds are met, enabling proactive compliance management.
- Automated Reporting: ACA-Track automates the creation and e-filing of IRS forms, reducing administrative workloads and the risk of errors.
- Error Resolution: Built-in tools detect and resolve inconsistencies during data uploads, ensuring compliance accuracy.
Dedicated Support for Higher Education
Colleges using ACA-Track benefit from dedicated account managers who understand the unique needs of educational institutions. These experts provide guidance for all aspects of ACA compliance, from data management to resolving IRS corrections.
Customizable dashboards and real-time analytics empower administrators to manage compliance data effectively and make informed decisions.
Secure and Scalable for Growing Institutions
ACA-Track ensures data security with encrypted storage and compliance with SSAE 16 SOC 2 standards. Its scalable design supports colleges of all sizes, from community colleges to large universities, ensuring seamless compliance as institutions grow.
ACA compliance doesn’t have to be a challenge for colleges. With ACA-Track, you can streamline your compliance efforts, reduce risks, and focus on delivering quality education. Learn more about how ACA-Track can support your institution’s compliance needs today.