Sovos ACA Reporting Software is a comprehensive solution tailored for health insurers and companies with 50 or more full-time employees to manage their Affordable Care Act (ACA) reporting obligations efficiently. This powerful software simplifies the complex process of filing Forms 1094-B, 1095-B, and 1095-C, ensuring accurate and timely submission of sensitive data to avoid penalties. By automating ACA compliance tasks, the software significantly reduces the time and resources typically spent on reporting and error correction, allowing organizations to redirect their focus to more strategic business activities.

Key Features

Automated Form Filing The software streamlines the filing process for ACA-related forms.

• Supports Form 1094-B filing
• Facilitates Form 1095-B and Form 1095-C submissions

Time-Saving Functionality Designed to reduce the hours spent on ACA compliance.

• Automates data entry and validation
• Minimizes manual error correction processes

Accuracy Enhancement Improves the precision of ACA reporting to avoid penalties.

• Built-in data validation checks
• Reduces errors commonly associated with manual reporting

Benefits

Compliance Assurance Helps organizations meet ACA reporting requirements effectively.

• Ensures timely submission of required forms
• Reduces risk of penalties due to inaccuracies or late filings

Resource Optimization Frees up valuable time and human resources within the organization.

• Decreases time spent on ACA compliance tasks
• Allows team members to focus on core business activities

Cost Reduction Minimizes expenses related to ACA reporting and potential penalties.

• Lowers labor costs associated with manual reporting
• Helps avoid costly fines for non-compliance