BeneTrac, a San Diego-based employee benefits administration software provider, says employers need to act now in order to comply with the ACAs employer-shared responsibility clause.
The Paychex company, which holds more than 600 carrier relationships and handles more than one million individual employees benefits, notes that its BeneTrac Full-Time Employee Analysis Service can provide some assistance to the ESR mandate.
According to Healthcare.gov, the ESR provision is set to begin in 2015 for employers that do not offer insurance that meets minimum standards. It applies to some large employers that have 50 or more full-time equivalent employees.
With the new ESR application added to BeneTracs suite of health care reform solutions, the benefits online manager says that it will simplify this process by providing modeling capabilities to help employers determine the impact of different measurement periods for tracking employee hours worked.
It will also allow HR administrators to look at employee data to determine which are designated as full-time or variable hour employees.
Summer Hamilton, vice president of sales for BeneTrac, said there are a number of things employers need to act on now to ensure they are in compliance with the new requirements when 2015 hits.
Hamilton added that the new service will ease the administrative burden that falls on employers and their HR administrators in 2014 to determine which employees are considered full-time and therefore may put them at risk of penalties.
Currently, BeneTrac assists employers which have from 50 to 12,500 employees.
