Trusaic Enhances ACA Complete Software to Address Growing Compliance Challenges and Penalty Risks

Trusaic has announced significant enhancements to its ACA Complete software, the only Affordable Care Act compliance solution providing organizations with comprehensive visibility into their ACA penalty risk. The refined platform offers monthly accounting of potential penalty exposures while substantially reducing the administrative burden associated with tracking and reporting common to other compliance software solutions. Recent research from Trusaic reveals that one in four organizations face annual audits for ACA non-compliance, highlighting the critical need for robust compliance tools.

Human resources professionals frequently struggle with complex ACA compliance processes that are difficult to manage and prone to errors. Common challenges include missing or inaccurate data, incorrectly applied measurement methodology, lack of penalty exposure analytics, and the significant time investment required to meet complex IRS reporting requirements. Research indicates that nearly 70% of employers spend more than 80 hours annually on ACA compliance activities, with many citing unclear rules, complex tracking requirements, and tight deadlines as major obstacles.

ACA Complete stands out as the only compliance software offering comprehensive insight into organizational compliance data through monthly monitoring and annual reporting capabilities. The platform provides month-by-month metrics and compliance tracking with complete visibility into coverage offer status. The user-friendly system includes real-time reminders for missing or pending offers through its innovative "to do" function. Organizations operating in jurisdictions with mandated state ACA reporting, including California, Massachusetts, New Jersey, Rhode Island, and Washington D.C., can utilize state filing services available with ACA Complete to comply with state-specific requirements.

The financial implications of ACA non-compliance are substantial, with small filing mistakes potentially resulting in penalties approaching millions of dollars. Employers failing to comply with ACA's Employer Mandate can face annual penalties as high as $275,000 for every 100 employees after the first 30. ACA Complete addresses these risks through enhanced efficiency in compliance tasks, a tailored approach for diverse workforces, proactive compliance monitoring with real-time visibility into 4980H compliance issues, and improved data accuracy for both variable and full-time workforces.

The platform also offers robust audit defense capabilities, including retroactive audits to correct previous issues and personalized consulting services in the event of IRS audits. Organizations can assess their compliance risk using Trusaic's ACA Vitals tool available at https://www.trusaic.com/aca-vitals, which analyzes unique workforce composition to determine IRS penalty risk. ACA Complete is accessible through Trusaic or leading HCM solutions providers, providing organizations with comprehensive protection against costly compliance violations.