ACA compliance doesn’t have to be a headache! 🚨
From updating measurement periods to submitting 1094-C/1095-C forms, Workday can streamline the process—if you set it up right.
- ACA Measurement Periods & Eligibility Rules: Ensure measurement periods are updated annually and aligned with open enrollment. Create and configure ACA eligibility rules for each period to determine benefits eligibility.
- 1094-C/1095-C Reporting Configuration: Maintain the Affordable Care Act (ACA) reporting setup, including Federal Poverty Level updates, payroll hours sources, and Safe Harbor configurations. Ensure correct employer information is included in ACA filings.
- Generating & Validating ACA Forms: Run necessary Workday tasks to generate 1094-C/1095-C data and forms, apply inclusion/exclusion rules, and verify full-time employee (FTE) counts. Perform audits to ensure compliance before submission.
- IRS Submission & Employee Distribution: Finalize, review, and transmit ACA forms to the IRS, ensuring accuracy. Generate and distribute employee 1095-C forms via Workday self-service or mailing, ensuring compliance with ACA regulations.