Affordability Rules for Applicable Large Employers (ALEs)
If your organization is an Applicable Large Employer (ALE) — meaning you averaged 50 or more full-time + full-time equivalent employees in the previous calendar year — you must meet the IRS’s affordability requirements when offering an ICHRA to any full-time employee. These rules fall under the Affordable Care Act (ACA) Employer Shared Responsibility provisions. […]
Can I Designate a Waiting Period for My Employees?
Yes — employers can designate a waiting period for new employees before they become eligible for an ICHRA. This is a common setup for groups that want benefits eligibility to align with sustained employment, onboarding milestones, or other internal policies. Employers can designate waiting periods of 30, 60, or 90 calendar days or decide not […]
Will BEN360 Help Me With Year-End Tax Reporting?
BEN360 will assist you with the preparation following forms: 1095- A 1095- B 1095- C PCORI Fee Please note: BEN360 is not a tax firm or accountant. We will provide you with the forms and information specifically related to ICHRA. Please consult a tax professional to complete other necessary year-end reporting. Note: in order for […]
More About Forms 1095-A, 1095-B and 1095-C
Form 1095-A Form 1095-A refers to the Health Insurance Marketplace Statement. It is provided by the Health Insurance Marketplace (either Healthcare.gov or the equivalent state-based exchange) to all enrolled individuals. Most employees participating in a BEN360 ICHRA will receive a 1095-A. Exceptions include individuals enrolled in a health insurance plan not connected with the Health […]
What is the PCORI fee? Does My Company Need to Pay It?
The Affordable Care Act requires that employers who offer an ICHRA or a self-insured health plan pay a fee to fund the Patient-Centered Outcomes Research Institute (PCORI). Employers must pay this fee as they file their IRS Form 720 in July. Every June, BEN360 will provide your expected PCORI fee and help you to prepare the IRS Form […]
Offboarding an Employee (Separations, Terminations and Layoffs)
When an employee leaves your organization — whether through termination, layoff, or voluntary separation — it’s important to offboard them properly to ensure their ICHRA benefits are handled accurately and in compliance with federal guidelines. Offboarding in BEN360 ensures that employees receive the correct information about their coverage options, and that Benafica can begin processing […]
Editing or Updating Employee Information
You can easily update an employee’s information at any time in BEN360. Whether you need to correct a personal email, fix a social security number mistake, or just update contact info, here’s how to make the adjustment. Click the “View All Employees” tab in the left menu. Locate or search for the employee whose information […]
Downloading Reports
From your dashboard, you can view and download a variety of reports that keep you informed and organized. Available reports include: Current Enrollment Status – See which employees have joined, enrolled, and their plans and premiums. New Onboards – Track newly hired employees and their onboarding progress as they become eligible throughout the year. Qualifying […]
View Your Benefits Summary and Contribution Strategy
View Benefits Information When you click this tab, you’ll see an overview of your ICHRA benefit details, including your plan year, start and end dates, open enrollment period, and new hire waiting period. You’ll also find an up-to-date list of all current participants in the plan, giving you a clear snapshot of who is enrolled […]
Managing Locations for Multi-Site Employers
If your organization has multiple business locations, BEN360 allows you to manage all of them in one place for easier tracking and reporting. You can also associate employees with a location, making it easy to keep things organized. To view or add locations: Go to the View Employer Details tab Scroll to the Locations section […]