HealthCostManager (HCM) is a stand-alone suite of solutions for the completion of needed 1094 and 1095 filing and analysis under the Affordable Care Act. Clients can utilize HCM File to complete their required filing with the IRS. Brokers and TPAs can provide HCM File as a value-added solution and also leverage HCM Analyze’s powerful reporting engine to provide clients with assessment of their health plans.
HCM File ACA Reporting helps employers generate ACA reporting through and easy-to-use Web-based software solution. Direct Clients, Brokers, TPA’s and advisors can generate ACA reporting within minutes using HCM File’s intuitive reporting engine. HCM file will generate outputs for employee 1095-B and C and employer 1094-B and C forms as well as electronic filing to the IRS by combining data from various sources. This solution is uniquely suited for clients with manageable hours looking for a supplementary ACA reporting solution.
HCM Analyze utilizes a proprietary ACA calculation displaying five separate pay vs. play scenarios for both employer and employee and is one of the only solutions to provide individual level information. This includes current affordability, exchange vs. employer cost, subsidy eligibility and cost for bronze, silver and gold exchange plans. HealthCostManager also helps identify key plan taxes and employer penalties that can assist when designing your health plans. This includes SHOP, Excise and general taxes associated with a health plan. Finally if you are considering dropping your health coverage HealthCostManager will provide you with an overview of the most competitive public exchange plans with valuable insight into coverage and costs.