Staying ACA Compliant With Workforce Management Systems

Public healthcare reform has been among the major political debates of the past decade, and the U.S. government has taken recent steps to provide more coverage options for eligible Americans with the Affordable Care Act (ACA). For business leaders the current legislation outlined by the ACA has instituted health insurance requirements for workforces over a certain size, giving organizations additional rules to abide by in order to stay compliant and avoid fines.

Since January of 2014 businesses with over 50 employees or 50 full-time equivalents must either provide minimum essential health insurance to their full-timers or pay a $2000 annual fine per employee (with the government subsidizing their healthcare.) Full-time is defined by the Internal Revenue Service as an average of over 30 hours per week during a standard measurement period determined by each company – a duration which is to be no less than three months and no greater than twelve months.

These rules add further considerations for a company’s human resources department, who already have a demanding task balancing the well-being of their associates and the company’s budget. Thankfully, there are workforce management (WFM) solutions with functionality to address ACA compliance, while providing ways to monitor and adjust employee allocation across the schedule to better supervise operating costs.

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