CYMA Payroll Software Affordable Care Act Tools
CYMA Payoll Software includes embedded Affordable Care Act (ACA) tools for helping organizations determine full time equivalent employees, recording ACA data, and reporting the 1094-C / 1095-C forms (1094/1095-B forms also supported). 2016 marked the beginning of the Employer mandate and reporting for Affordable Care Act compliance. CYMA has been prepared to offer a complete payroll software solution to organizations who are required to report on the healthcare status of its employees.
Determining FTE Employees
The requirement to produce and distribute 1095 (B or C) forms to your workforce depends on the number of Full Time Equivalent employees, employed over a specific, defined look back period. CYMA provides a tool called Employee Hours Status Inquiry to help estimate the full time equivalent status of a work force.
1095-C / 1094-C ACA Forms
CYMA Payroll Software supports the 1095-C and 1094-C forms (and 1095-B and 1094-B for self insured organizations) with printing and eFile options. The process validates data and will populate the appropriate forms with data pulled from CYMA Payroll using entered or imported values for Offer of Coverage codes, Employee Share of Lowest Cost*, Safe Harbor Codes*. The process works like a spreadsheet so values can be entered or imported throughout the year and saved as the year progresses.
Print the forms at no charge or eFile the forms starting at $0.49 per employee for Federal filing or $1.95 per employee for the Complete ACA eFile Service. Receive a discount when bundling eFiling of ACA forms with eFiling W-2's. For full ACA eFile options www.aatrix.com/aca/aatrixefile/.
* If required
Client Options
If your organization supports clients (Fiscal / Employer Agents, Staffing, PEO/ASO, etc.), CYMA Payroll Software's use of Clients can allow organizations to easily process 1095/1094 forms with client information included on the form.
If you have more than 50 full time equivalent employees at your organization or across multiple clients and need a better solution for managing ACA compliance, contact CYMA today for a live demonstration - download our no risk, 30 day trial or contact CYMA at 800-292-2962.