Human Capital Management Blog

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It's lonely in HR. Never fear! Benetech's team of seasoned experts provides the wisdom, technology insights, and healthcare regulatory updates that keep under-staffed and over-tasked HR departments informed, in compliance, and running lean!

Matt Ingold

Matt serves as Benetech's Director of Business Development. He helps employers reduce the cost of personnel management, and discover where improved talent management can give their business a competitive advantage.

By: Matt Ingold

January 3rd, 2017

What’s at Risk for Appeal in the Affordable Care Act in Early 2017?

Healthcare Compliance

With less than 3 weeks between today and Inauguration Day, there is a lot of speculation about the future of the Affordable Care Act. In this blog we’ll be reviewing the likely tactic of Budget Reconciliation that Congress will use to rapidly repeal the ACA, and discuss which provisions can and cannot be impacted by this tactic.

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By: Matt Ingold

December 5th, 2016

The Affordable Care Act 2017: What Stays, What Changes, and Thoughts on How it Happens

Healthcare Compliance

With much buzz in the media surrounding the future of the Affordable Care Act (ACA) amidst a Trump-administration, I’d like to focus on a few points to help us better frame a realistic discussion about the future of the ACA and American healthcare. Beyond the millions of Americans reliant upon government subsidies for affordable healthcare, there is also roughly 20% of America’s gross domestic product, according to a recent report, that is fueled by stakeholders in the insurance or healthcare industry. In other words, there are a lot of lobbyists that will be weighing in on discussions surrounding the future of American healthcare. So what do we know?

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By: Matt Ingold

November 21st, 2016

IRS Extends 2016 ACA Reporting Deadline for Employers to Furnish 1095 Forms to Employees

Healthcare Compliance

While we were not expecting it, we certainly are not complaining. On November 18, 2016, the IRS issued Notice 2016-70, granting Applicable Large Employers (ALEs) under the Affordable Care Act (ACA) an additional month to furnish individual employee 1095-C and 1095-B Returns. The IRS cited the reason for the extension being that the Treasury Department had determined a significant number of ALEs and insurance providers would need the additional time to analyze 2016 reporting data and complete their reports on time. Here are a couple of key points to keep in mind regarding Notice 2016-70:

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By: Matt Ingold

October 10th, 2016

Ten Cost Considerations for In-House ACA Compliance

Healthcare Compliance

It’d be nice to have another 2 month extension this year for ACA filing. It'd also be nice If I could see the Chicago Bears win the Superbowl again before I die. I’m not holding my breath. To comply with in-house resources, or outsource ACA compliance—that is the question! As we approach our second year of mandatory IRS filing (wow that was fast) Applicable Large Employers subject to the Employer Shared-Responsibility Mandate of the Affordable Care Act are faced yet again with the decision on how they will complete their annual filing requirements. For those conducting the cost-benefit analysis of in-house filing, here are ten costs to consider when looking to comply with in-house resources. Brace yourself, this might sting a little.

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3 Most Common Mistake Employers Make When Offering Benefits

Mistakes are expensive, especially when building benefit plans.

We've outlined the 3 most common mistakes employers make when offering benefits in a quick ebook. Get your copy free when you subscribe to our blog.

By: Matt Ingold

September 29th, 2016

Three Employee Communications When Introducing HDHPs

HR Best Practices | Healthcare Compliance

Who doesn’t want to reduce stress on their employees? Apparently, open enrollments aren't helping. A recent study conducted by Harris Pole of over 2100 employees revealed that roughly 50% of employees find the open enrollment process to be “Always Stressful” and over 40% described selecting health benefits as “Very Confusing.” Makes sense—you’ve got HMOs, PPOs, EPOs, HSAs, FSA, HRAs, HDHPs…and suddenly I’m thinking about Robin Williams in Good Morning Vietnam. When employees are looking at selecting a High Deductible Health Plan (HDHP) for the first time, here are a few things worth sharing.

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By: Matt Ingold

September 26th, 2016

Why Growth Cannot Occur Without Scalability in HR

Strategic HR | HR Technology

Assuming the market conditions are right, the internal requirements for business growth are unchanging—scalability of resources, profitability for capital reinvestment, and the right team makeup and vision to propel you to the next level. That being said, while the recipe for growth hasn’t changed, the ingredients are becoming scarcer. In today’s workplace, mid-market employers encounter ever-increasing regulatory burdens, high talent-acquisition costs, and bolting healthcare prices. It’s difficult to recruit top-talent and be scalable when health coverage is more expensive to offer and regulatory burdens tie up HR and executive staff with transactional work. In other words, rising healthcare costs and regulatory requirements are eroding effective staff utilization, killing scalability and recruitment, and depleting profitability for capital reinvestment. When growth happens, at best, it’s at a slow pace. What’s the solution?

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By: Matt Ingold

September 13th, 2016

Reducing Employee Hours to Avoid the ACA? Prepare for a Lawsuit.

Affordable Care Act | Healthcare Compliance

The Affordable Care Act (ACA) and its Employer Shared Responsibility Mandate have placed a costly burden on employers who traditionally did not extend employer sponsored health coverage to variable hour employees. The ACA now requires employers to offer health coverage to those employees that work more than 30 hours per week (130 hours per month over a 12 month measurement period), or risk paying a penalty. In an effort to avoid the cost of penalties and additional health insurance expenses, a number of employers looked to ways of reducing their full-time employee population, or minimize the number of employees to whom they would be required to offer coverage or risk paying a penalty. Makes sense. Then came the lawsuit Marin v. Dave & Buster’s Inc.

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By: Matt Ingold

August 29th, 2016

HRA vs. HSA vs. FSA: What is a Qualifying Expense?

Healthcare Compliance

As Health Savings Accounts (HSAs) are growing in popularity, employers having increasing questions on the difference between Health Reimbursement Accounts (HRAs), FLEX Spending Accounts (FSAs) and HSAs. While there are overlapping regulations in each of these benefits, there are also important distinguishing factors. This blog will focus on the question: “For an HRA vs. HSA vs. FSA, must a qualified expense be incurred during the same plan year that the contribution is made?” Let’s focus on how each of these benefits responds.

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Before you leave...

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Mistakes are expensive, especially when building benefit plans.

We've outlined the 3 most common mistakes employers make when offering benefits in a quick ebook. Get your copy free when you subscribe to our blog.

Before you leave...

Mistakes are expensive, especially when building benefit plans.

We've outlined the 3 most common mistakes employers make when offering benefits in a quick ebook. Get your copy free when you subscribe to our blog.