Transcript ACA Management Information System for Ongoing Monitoring

Ongoing ACA Management
Information System for
Compliance, Cost Analytics,
Reporting and Auditing
HR Specialty Products & Services Catalogue Executive Summary
A No Frills Distillation of Vendor’s Marketing Collateral
Thomas A Ference
President & CEO
Human Resources Mining & Distribution Co
Locating, Validating and Accelerating HR Innovation
Office: 219-662-0201
Cell: 630-240-2583
Fax: 219-661-0236
e-mail: [email protected]
Website: www.hrmdco.com
ACA Management Information System
• Managing the employer’s medical benefits requirements under
the ACA is not a snap shot, single-point-in-time analysis, but
rather a continuous process under health reform
• This Cloud-based ACA management system continually 1)
automates census data integration / validation ; 2) determines
and manages employee eligibility and affordability
compliance; 3) automates federal reporting and
internal/external audit and 4) provides management decision
support through costs, plan design and projections analytics
• The system has been developed over 2+ years by experienced
regulatory software engineers and Washington DC /ACA
insiders and assures compliance to current and evolving ACA
requirements
• It provides for the continuous analysis for ongoing decisionmaking and reporting of ACA impacts, under the control of the
employer and/or their advisor - not simply a snap shot /
single-point-in-time analysis / consultation
ACA Management Information System
• It quantifies risks and liabilities associated with penalties and excise taxes for noncompliance, as well as analytics to allow employer to evaluate plan/demographic/riskreward options for cost-reduction opportunities
• An integrated and proprietary alerting system assures and automates complete and
accurate data integration and validity for determination and management of employee
eligibility based on wait, measurement and stability periods, and affordability based
plan design and cost
• The system provides employee grouping/parsing capability, allowing for consolidation
and disaggregation by numerous variables and parameters (i.e. hours, wages, age, sex,
division, entity, groups, etc.)
• Manages state-by-state exceptions to federal ACA regulations, and is configurable for
state-by-state and federal changes to regulations over time
• Provides data encryption and configurable user access protocols meeting the most
stringent security requirements
• The system facilitates and automates all ACA compliance reporting and provides ad-hoc
reporting, as well as archiving and audit tools for generating regulatory data and
providing compliance support (i.e. SOX compliance)
Company Parameter Setting
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Federal and State Parameter Setting
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Instantaneous “Pay or Play” Scenario Modeling
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High Cost Plan Excise Tax Projections
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Next Steps
• This product/service is contained in the HR Specialty
Products & Services Catalogue™
• Operational level details about this particular service
provider can be obtained in conference with the vendor
• The HR Mining &Distribution Co. is an independent and
contracted representative of the vendor
• Upon your request, we will arrange for an introduction
that can range from a simple, quick conference call to a
system demonstration/service overview
• Tom Ference 219-662-0201 (Chicagoland area) or
[email protected]
• Thank you for your potential interest in this leading-edge
thinking to what is a major employer regulatory issue