Marketplace
Stay compliant with Tests
If you offer a cafeteria plan, which includes a Flexible Spending Account (FSA), you’re required by the IRS to ensure you’re offering these plans fairly and not discriminating in favor of highly compensated or key employees. And though they aren’t part of a cafeteria plan, testing is also required for Health Reimbursement
Arrangements (HRAs) or Self-Insured Medical Plans (SIMPs).
Tests™, which can be found within LEAP™ from WEX, lets you easily run comprehensive non-discrimination testing of your plans so you can be sure they’re compliant. Our testing templates are designed so you can test your plans quickly and efficiently.
NDT Tests offered
KeyDCAP
POP (Premium Only Plan)
POPFSA
HRA
POPFSA & HRA
SIMP
Note: While standalone testing for HSAs isn’t required, when an employee is able to fund their HSA using pre-tax payroll dollars, these dollars should be included in the Cafeteria Plan testing. Tests™ supports this.
EVS (Available for clients with 500+ employees)
WEX offers additional compliance services to help you minimize risk and avoid creating manual, administrative burdens. Our Eligibility Verification Services (or dependent eligibility audits) help you ensure that all individuals covered under your plan are eligible for that coverage. We work closely with you to make decisions about plan amnesty, COBRA participants, retirees, and termination rules to ensure that the audit aligns with your company culture and policies.
Performing eligibility verification audits to ensure that all individuals covered under an employer’s plan are eligible for that coverage can result in substantial savings.
Real Savings:
-15% of a typical employer’s dependent population is ineligible for coverage.
-Depending on various factors, including how much an organization contributes towards the dependent premium, an EVS audit can generate net savings of 3-8%
What you can expect:
-Full population, ongoing, and dependent reverification audits, and employee attestation
-Employer customizations: messaging, logos, document requirements and timeframes
-Uploading documents couldn’t be easier: use a phone or tablet to take a pic and upload or scan and upload using a computer
-Audit status updates by phone or online
-Fees billed per family unit, not per individual dependent
Eligibility Verification Services: Complete Audit Service
Our select audit service includes a comprehensive eligibility audit of every employee who covers a spouse or dependent and gains eligibility for coverage throughout the plan year (e.g., new hires, life status changes, open enrollment, etc.) and has chosen coverage for a spouse or dependent.
Eligibility Verification Services: Select Audit Service
Our select audit service includes a comprehensive eligibility audit of every employee who:
-Currently covers a spouse or dependent under your plan(s)
-Gains eligibility for coverage throughout the plan year (e.g., new hires, life status changes, open enrollment, etc.) and has chosen coverage for a spouse or dependent
Affordable Care Act (ACA) Administration (Available for clients with 500+ employees)
Our Affordable Care Act (ACA) administration services help you stay compliant with federal and state ACA mandates. Our comprehensive option does it all so you don’t have to — including measurement methods, tracking and affordability determinations, automated 1095-C code generation and code review assistance, 1095-C form printing and mailing, and IRS-AIR-A2A 1094-C form preparation and filing.
Our reporting-only option provides targeted support if you only need help with ACA reporting requirements — including automated 1095-C code generation and code review assistance, 1095-C form printing and mailing, and IRS-AIR-A2A 1094-C form preparation and filing.
Affordable Care Act (ACA) Administration: Overview
ACA Administration with WEX is simple, efficient, minimizes your risk, keeps you in compliance, reduces your workload, and helps protect your organization from costly mistakes.
Why does ACA Administration matter?
-Several states (CA, MA, NJ, RI and the District of Columbia) now require residents to have insurance — just like the federal ACA program.
-In addition to staying federally compliant, employers and health plans are required to report health coverage information to these states.
What’s the WEX difference? No one makes it easier to transfer data!
-Your IT team doesn’t have to program to our specs.
-We’ll even accept multiple files from different systems or files from other vendors.
Affordable Care Act (ACA) Administration: Comprehensive Solution
Our comprehensive option has everything you need to meet your employer-shared responsibility obligations, including:
-Monthly and lookback measurement methods
-Full-time and part-time tracking and affordability determinations
-Automated 1095-C code generation and code review assistance
-Printing and mailing 1095-C forms
-Preparing and filing electronic IRS-AIR-A2A 1094-C forms
Affordable Care Act (ACA) Administration: Reporting Only
Our reporting-only option is perfect for employers who only need help with ACA reporting requirements:
-Automated 1095-C code generation and code review assistance
-Printing and mailing 1095-C forms
-Preparing and filing electronic IRS-AIR-A2A 1094-C form
Other WEX Products
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