Benefitbay offers robust reporting to assist your company with ICHRA administration.
Reports Overview:
- Login to benefitbay and select the "Reports" tab on the left navigation bar under your company's name
Please note: Each report screen has filters/search features at the top. Select a future date to see the next month's employee plan(s) information. In addition, reports can be downloaded by clicking the blue CSV button on the right side of the screen.
New enrollments will populate after the current enrollment period has been closed by a benefitbay team member.
- Active Coverage Summary: This report will show you all the employees who have current coverage. There are additional carrier and plan details. If you notice an employee listed multiple times, that employee is enrolled in more than one plan. This is most common for employees on Medicare.
- Payroll Deduction: This file will include all the payroll deductions for each employee. This report uses the employer contribution amount, your company's payroll frequency, and the monthly premium cost to calculation each pay period deduction. Here is a detailed article and video to help you learn more about the payroll deduction report.
- Reimbursement Schedule: A PDF listing the employer contributions for each employee's age and class. This is a helpful report to save for your staff onboarding or recruiting team.
- Payroll Changes: This report can help your payroll team monitor changes during each payroll cycle. Employees may change coverage by using the Coverage Change Request feature in benefitbay. Additionally, because the ICHRA policies are individual, some employees contact their carrier directly to make changes. Once an update has been identified, and the coverage changed, this tool helps your team quickly isolate and identify those changes and update your company's payroll.
- ICHRA Plan Setup: View the locked ICHRA model or test scenarios with new models for your company. This will not make any permanent changes to your company's data.
- Equifax 1095 Data: The report contains all the data that you need to file 1095 ACA Compliance reporting with the IRS. You can generate or download the CSV file with the data required.
- Benefitbay also partners with Equifax to offer 1095 ACA reporting. This service is available for an additional cost. Click here for more information.