Common Ground Healthcare Cooperative (CGHC) Selects Convey Compliance as its Preferred Solution Provider for Affordable Care Act Reporting

December 23, 2014 Sovos Compliance

MINNEAPOLIS, December 23, 2014 – The Common Ground Healthcare Cooperative (CGHC) recently chose Convey Compliance Solutions, LLC, an industry leader of compliance technology and services, as its preferred solution provider for Affordable Care Act (ACA) reporting.

A nonprofit, member-governed organization, CGHC provides quality healthcare coverage solutions and is alert to the impact ACA reporting requirements will have on its members. Commencing with the 2014 income tax returns, in alignment with Internal Revenue Code (IRC) 6055 and 6056, Forms 1040 and 1040EZ will include a new section which requires verification of minimal essential healthcare coverage for individuals and their dependents. However, insurance providers and employers are not required to report or provide documented proof of coverage until 2016 for the tax year 2015 income tax returns. Therefore, many individuals will be without the necessary information from their insurer or employer to complete their individual tax filings. This is likely to cause confusion and frustration amongst members, and in turn, an increase in member inquiries for insurance providers.

As a member-focused cooperative, CGHC opted to participate this year in the IRS-recommended beta year for ACA reporting. Ray Grove at Convey, stated, “Organizations that take advantage of the beta year will be able to test their internal processes without fear of penalty and resolve any unforeseen issues before penalties become a reality. More critically, putting forth an effort in 2015 for tax year 2014 will ensure positive member experience for the new process when filing their 2014 income tax returns.”

Rob Lundeen, CGHC’s Chief Financial Officer, stated, “As an independent insurance cooperative, we must continue to offer the best-in-class member experience. Getting ahead of the ACA mandate is a win-win. Rather than react to thousands of customer service calls regarding proof of coverage for individual tax filings, our member service agents will have more time to discuss healthcare outcomes. Overall, centralizing our tax information reporting through Convey enables my finance and technology teams to focus on our core business objectives.”

CGHC will leverage Taxport, Convey’s tax information reporting technology, to provide its members with verification of coverage. Furthermore, Convey’s technology and managed service will enable CGHC to centralize and standardize the 1099 and 1095 reporting process across the organization.

The post Common Ground Healthcare Cooperative (CGHC) Selects Convey Compliance as its Preferred Solution Provider for Affordable Care Act Reporting appeared first on Sovos Compliance.

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Sovos is a leader in global tax, compliance and business-to-government reporting software, safeguarding businesses from the burden and risk of compliance in thousands of tax jurisdictions around the world.

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