Overview
What is Worxtime?
Worxtime by Equifax Workforce Solutions is a solution designed to help employers comply with the Affordable Care Act (ACA) regulations and reporting requirements. According to the vendor, Worxtime offers flexible data options to support complex scenarios, including multiple Applicable Large Employers...
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- Tech Details
What is Worxtime?
Worxtime by Equifax Workforce Solutions is a solution designed to help employers comply with the Affordable Care Act (ACA) regulations and reporting requirements. According to the vendor, Worxtime offers flexible data options to support complex scenarios, including multiple Applicable Large Employers (ALEs), non-employee measurement, and merger and acquisition activities. Employers can easily manage and track data related to ACA compliance for different entities within their organization. The system allows for the input of various data points and configurations to accurately calculate eligibility, affordability, and reporting requirements.
According to the vendor, Worxtime provides the necessary tools and functionalities to generate and submit required IRS reporting forms, including Forms 1095 and 1094. Employers can easily report offers of healthcare coverage to employees and ensure compliance with IRS regulations. The system streamlines the process of generating accurate and timely reports, reducing the risk of penalties for non-compliance.
Worxtime offers automated look-back and monthly measurement options to determine employee eligibility for healthcare coverage, according to the vendor. The system calculates affordability based on the employee's income and available coverage options, helping employers reduce penalty risks. Employers can easily track and manage eligibility and affordability calculations to ensure compliance with ACA regulations.
According to the vendor, Worxtime helps employers build an audit trail to track form approvals and submissions, ensuring compliance with IRS requirements. The system provides a comprehensive record of all actions taken, facilitating faster response times to IRS inquiries or audits. Employers can easily access and review the audit trail to demonstrate compliance and provide necessary documentation during IRS audits.
Worxtime enables employers to deliver ACA forms, such as Forms 1095, to employees within the required deadlines, according to the vendor. The system also supports the submission of these forms to the IRS, ensuring compliance with government-imposed deadlines. Employers can streamline the process of distributing and submitting forms, reducing administrative burden and ensuring timely compliance, according to the vendor.
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Worxtime Technical Details
Operating Systems | Unspecified |
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Mobile Application | No |