ACA
What are WEX Health's three ACA Administration offerings?
Comprehensive, Reporting Only, & State Filing
RE: WEX's State Filing Services - which state includes an additional per-form fee, and what is the name of that form?
Massachusetts - MA 1099-HC
What are the names of WEX's two EVS offerings, and what are they?
EVS Complete (one-time audit) & EVS Select (ongoing verification)
What time of year do we NOT recommend performing a one-time audit?
If quoting both ACA & EVS in the same opportunity, how much should the Setup Fee be?
$5,000 (single fee)
Which of our ACA offerings includes IRS Defense Support?
ACA Comprehensive
What two forms must employers file with the IRS during ACA reporting season?
Form 1095-C & Form 1094-C
What is the primary motivation for an employer to perform a one-time dependent audit?
Cost savings
What is the first of our 6 standard employee communications called?
The Alert Letter
What is the name of the Salesforce fee for EVS Complete?
Dep. Verification Audit
What type of employer must comply with the ACA? (define it in full if you remember)
Applicable Large Employers (ALEs)
Employers with 50+ full-time/full-time equivalent employees
True or False - We sometimes sell both ACA Comprehensive and ACA Reporting-Only.
False
What are two examples of an ineligible dependent?
How do we charge for our eligibility verification services? Hint: An audit fee charged per _______
Dependent-Covering Employee (DCE)
How do we charge for our State Filing Services? What are our standard fees this service?
Per-state
Bundled - $1,500 per stateStandalone - $5,000 per state
Which brand did UnifyHR save from a $6,000,000 fine?
GUESS Inc.
Which 5 states have state-specific ACA reporting requirements?
CA, MA, NJ, RI, DC
What options do employees have for submitting documentation?
What are two examples of verification documents for dependents?
Birth certificate, marriage certificate, mortgage statement, adoption paperwork
What are the names of the two Salesforce fees needed to quote ACA Comprehensive?
"ACA Comprehensive" and "ACA Comprehensive Annual"
What is the criteria for affordable coverage?
Employee’s monthly contribution for self-only coverage does not exceed a certain percentage of their household income
What is another name for IRS Letter 226J?
Proposed Penalty Notice
What additional pieces of info do we need to estimate ROI?
Number of Enrolled Dependents & Average Cost Per Dependent Per Year
True or False - WEX handles the termination of coverage for ineligible dependents
How do we charge for our EVS Select service?
Audit fee charged per audit event per month