COLUMBUS, Ga., June 30, 2016 /PRNewswire/ -- Aflac, the
leading provider of voluntary insurance at the worksite in
the United States, today announced
a service to help employers meet ongoing Affordable Care Act (ACA)
compliance requirements. As part of Aflac Business
SolutionsSM, a suite of value-added services that
addresses the evolving and emerging needs of business owners and
their employees, Aflac has partnered with Accord, NavigateHCR and
Worxtime to provide much-needed support.
"Many business owners are experiencing increased responsibility
to remain compliant with ongoing ACA reporting requirements," said
Keith Pellerin, vice president of
Product Management and Innovation at Aflac. "To help employers
navigate through this complex benefits and health insurance
landscape, Aflac has partnered with three top reporting companies
to make it both simple and cost-effective for employers to get the
compliance services they need, when they need them."
According to a recent survey conducted by Aflac, with most of
the significant reporting requirements taking hold this year,
nearly half of employers with 50 or more workers reported that they
are only somewhat prepared to comply with IRS reporting rules in
2016.1
Aflac's ACA reporting partnerships help business owners reduce
the administrative tasks related to employee health care and enable
them to take advantage of services at Aflac-preferred rates. Aflac
employer clients will have access to ACA compliance solutions,
including:
- ACA phone and email hotlines to provide responses to
ACA-related questions.
- Communication support, including 1095 communications aimed at
employees so they stay informed of any ACA-related notifications or
changes to their coverage.
- Electronic IRS filing services of 1094 and 1095 forms.
- Standard and customized reports, analytics and testing to
reduce risk of fines and fees.
- Tracking and monitoring employee eligibility, including leave
of absences as well as seasonal or union employees.
"We understand that our clients, policyholders and broker
partners need more from their benefits provider. With this value
added service, Aflac helps employers meet their needs with not just
our insurance policies but also by providing them support to
understand—and more importantly comply—with evolving health care
regulations. Along with our nationwide network of agents, we will
continue to provide employers with new tools and resources to help
them satisfy ACA requirements and make smart benefits choices for
their organization and employees," added Pellerin.
To learn more about Aflac Business SolutionsSM, visit
aflac.com/aflac-business-solutions or follow @aflac on
Twitter.
About Aflac
When a policyholder gets sick or hurt, Aflac pays cash benefits
fast. For six decades, Aflac insurance policies have given
policyholders the opportunity to focus on recovery, not financial
stress. In the United States,
Aflac is the leading provider of voluntary insurance at the
worksite. Through its trailblazing One Day PaySM
initiative, Aflac U.S. can receive, process, approve and disburse
payment for eligible claims in one business day. In Japan, Aflac is the leading provider of
medical and cancer insurance and insures 1 in 4 households. Aflac
individual and group insurance products help provide protection to
more than 50 million people worldwide. For 10 consecutive years,
Aflac has been recognized by Ethisphere as one of the World's Most
Ethical Companies. In 2016, Fortune magazine recognized Aflac as
one of the 100 Best Companies to Work For in America for the 18th
consecutive year and included Aflac on its list of Most Admired
Companies for the 15th time, ranking the company No. 1 in
innovation for the insurance, life and health category for the
second consecutive year. In 2015, Aflac's contact centers were
recognized by J.D. Power by providing "An Outstanding Customer
Service Experience" for the Live Phone Channel. Aflac Incorporated
is a Fortune 500 company listed on the New York Stock Exchange
under the symbol AFL. To find out more about Aflac and One Day
PaySM, visit aflac.com or espanol.aflac.com.
About Accord
Accord Systems is a national provider of full-service Affordable
Care Act tracking, reporting, filing, fulfillment and consulting
services. Accord applies more than 80 years of collective benefit
and data administration into the design of a Ruby on Rails-driven
technology platform, which has resulted in a suite of proprietary
tools to ensure data and filing accuracy for clients. Forms Patrol,
Accord's lines 14-16 code validation tool, helped identify an
average code combination error of 16 percent on more than 2 million
employee records. Accord is based in Alpharetta, Georgia. To find out more about
Accord Systems, visit accord-aca.com.
About NavigateHCR
NavigateHCR is a technology and service company that offers a
solution to the newly implemented Affordable Care Act mandate,
which requires all employers, regardless of employee count, to
follow governmental guidelines established by the Department of
Labor, Health and Human Services, and the Internal Revenue Service.
NavigateHCR is the oldest ACA full-service compliance and
technology company and works with all size clients across
the United States. NavigateHCR has
four core components: compliance communication, exposure analysis,
functional data and concierge services. To find out more about
NavigateHCR, visit navigatehcr.com.
About Worxtime
Worxtime is a solution for employers to plan and manage
employee's hours and track employee status as mandated by the
Affordable Care Act regulations. Worxtime is an ACA compliance web
application, regulating employee eligibility by utilizing the "Look
Back" method. Worxtime manages the measurement, administrative and
stability periods, providing employers with valuable data
reporting. To find out more about Worxtime, please visit
worxtime.com.
Media contact – Kristen
Fraser, 706.243.5543 or mediarelations@aflac.com
Analyst and investor contact – Robin Y. Wilkey, 706.596.3264 or 800.235.2667,
FAX: 706.324.6330, or rwilkey@aflac.com
1 The 2016 Aflac WorkForces Report, conducted
between Jan. 11 and Feb. 11, 2016 by
Lightspeed/GMI on behalf of Aflac, accessed June 6, 2016 - http://workforces.aflac.com.
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SOURCE Aflac