The Affordable Care Act (ACA) made health insurance more accessible to millions of people throughout the country. With it, though, came a lot of rules, regulations and legal challenges, especially in terms of compliance for businesses.

Understanding whether your company must adhere to ACA regulations can be challenging enough, in and of itself. Knowing what you have to do, when you have to do it and how you have to prove that you’re doing it is even tougher if your company is subject to the ACA’s terms.

That’s why at Beckham Ellis Insurance Group, we provide easy-to-understand and simple-to-use tools for every company we partner with. This includes customized compliance books for the ACA.

Here are some of the main ways in which these customized compliance books simplify ACA and legal challenges.

Tailored to Your Needs

The ACA is a general law that applies to certain companies in the country. Known as applicable large employers, or ALEs, any company that has at least 50 full-time-equivalent employees must offer health insurance plans that feature minimum essential coverage (MEC) to avoid penalties.

There’s also an employer mandate that requires all ALEs to submit certain reports to the IRS regarding the individuals who are covered under the plan.

The ACA also has a lot of general and standardized forms that must be filled out and submitted by certain timelines.

What our customized compliance books do is tailor this information to your specific benefits needs. It lists and explains all the applicable notices, rights and disclosures all in one simple document.

It also describes in depth all the issues and terms that are covered under the ACA in a way that’s easy to digest, providing employers with a blueprint for what’s needed.

Customizable Templates

A major aspect of ACA compliance is providing proper notification to your employees of certain aspects of your health care plan. Starting in 2013, all ALEs had to provide notices that detailed health insurance marketing/exchanges to all new and current employees.

This can be a very time-consuming effort, and it’s not always easy to compile together. By using a customized compliance book, you’ll also get customizable templates for all required ACA notices.

You can simply plug in the right information that’s applicable to your company and employees, and then distribute the information as required by law.

Similar templates are available for benefit plan notices, including documentation as to reasons why a claim might be denied reimbursement.

Specialized and Personalized Consulting

As mentioned, the ACA is a broad law that applies to many companies throughout the country. How it applies to each individual company, though, is very individual.

This requires a specialized and personalized approach, which is what our customized compliance books and services do.

In addition to the tools above, you can create full To Do lists for ACA compliance that are relevant to your company. This includes letters and reports that you must send to the IRS, when you must send them, what they need to include and how that information must be presented.

It also includes any letters you receive from the IRS and any actions you must take in response to them. All of this ensures that nothing falls through the cracks and you don’t miss a sensitive deadline.

The customized compliance book will also include reporting on Form 1095, which is how companies report information on their individual employees. It determines whether you might be liable for benefit payments to employees, so it’s an essential document to prepare accurately.

By taking a customized approach to ACA compliance, you can ensure that you are doing exactly what’s required of your company, while providing the most you can to your employees as well.

Beckham Ellis Insurance Group Provides Personalized Service

ACA compliance is a complicated and sometimes tricky game. It can be extremely difficult for some companies to even understand, let alone handle by themselves.

At Beckham Insurance Group, we specialize in providing personalized service to all of our clients. We provide customized compliance books to help simplify ACA and legal challenges so that nothing ever falls through the cracks.

If your business is located in the South Carolina or Georgia region, contact us today to learn more.