Skip to main content
ACA Compliance

ACA Tracking & Reporting Solution for TPAs:

Look for Partner-Centric Software Provider

Fall brings good news this year for third-party administrators (TPAs) seeking ACA tracking and reporting solutions for their clients, as PSST ACA-Track is expanding its offerings.

TPAs ACA ReportingNew Client Data Launch Pad

For TPAs, the best-practices standard for ACA compliance and reporting is using a single system that assists employees benefits clients with tracking healthcare eligibility under IRS 6055/6056 and seamlessly and logically loads data from their systems to compliance software, and produces forms 1094 and 1095. The roadblock to many TPAs tackling this compliance headache is the data involved. Fortunately, PSST has developed a repeatable and seamless data loading solution that is fast, reliable and easy, with the ACA-Track exclusive Client Data Launchpad.

New Partner Portal

Not every TPA-focused software solution for human resources administration departments offers ACA tracking, and many do not offer partner-specific portals. PSST will have its TPA-specific partner portal launched officially later this year. This feature will not only assist TPAs with managing client data and deliverables but is one more reason why PSST is seen as the most partner-centric ACA provider in the market.
The partner portal can be developed via a co-branding partnership model or as a private label. The private label model preserves and helps build the TPA’s own brand by placing the partner at the forefront of their existing product portfolio as “the” ACA tracking expert.
The new system allows for key functionality every partner portal for this type of tracking should have:

  • forecasting abilities
  • automatic onboarding of new clients
  • single sign-on for each and every client
  • aggregated statistics regarding client populations
  • the ability to generate client-facing proposals
  • status updates on client progress during reporting season

Two Essential ACA Tools

For TPAs using PSST, there are two tools they find invaluable: the Client Data Launchpad feature, with its secure, encrypted model for data loading; and the Reporting Wizard, which allows for easy, step-by-step administration and production of forms 1094-C and 1095-C.
Both of these system-support capabilities allow for manual processes to be retired, in favor of automatic data uploads and live account management support for any issues or special circumstances that need to be validated. The PSST ACA-Track process now allows for auto mapping data files and validates the data that will be used for IRS compliance.
Critical errors from lack of data, such as no birthdate listed or invalid social security number, can be found, edited, and corrected inside the ACA-Track utility in the Client Data Launchpad without going back to the original data source–saving time and money. With a new birth or late-year plan change, edits can be made directly within ACA-Track’s Reporting Wizard, again saving time as well the headache of editing raw data files and reloading.
The Client Data Launchpad also keeps a log of every submission and will indicate if a submission date is missed. The system utility will also show the number of employees tracked, pay records, and other relevant data in easy-to-use and find interfaces.
The ACA-Track Reporting Wizard allows for step-by-step walkthroughs for partner management of client data, validating submissions in real-time, and executing 1094 and 1095 field adjustments work inside the system itself. No exporting is required unless desired in a finished form.
Also, in the Reporting Wizard, TPA partners can set default codes for their clients for lines 14,15 or 16, depending on the coverage group or bargaining units, for example. With PSST ACA-Track, you can run up to 15 distinct queries, by location, by employment status, by who is trending toward being offered coverage, and even who should be offered coverage immediately.


Are you a TPA firm looking for a partner-centric ACA compliance and reporting software provider? Contact us to learn more or get started!

Call Now Button