Human Capital Management Blog

The Benetech Advantage

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!

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: John Dalmata

December 19th, 2016

With New Law, Stand-Alone HRAs Now Permitted for Small Employers

Healthcare Compliance

On December 13, 2016, the 21st Century Cures Act was signed into law, allowing for small group employers not offering employer-sponsored health plans to offer stand-alone Health Reimbursement Arrangements (HRAs). The change is significant, given that most stand-alone HRAs have been prohibited by the Affordable Care Act since 2014. This new type of HRA, called a “qualified small employer HRA,” is effective for plan years starting on or after January 1, 2017. So, what’s this mean? Employers that currently do not sponsor a health plan may consider implementing a qualified small employer HRA in order to help employees pay individual insurance premiums or qualified medical expenses.

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By: Jason Barnes

December 12th, 2016

Top 10 Reasons for Changing Payroll Providers

HR Best Practices | HR Technology

Considering a new payroll provider? Here are our top 10 reasons why employers are biting the bullet and shifting payroll companies. 1. Service is terrible

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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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Handy Guide: Finding Your Affordable Care Act Software Solution

The Ultimate Companion in Your Search for Your Affordable Care Act Software Solution

We detailed everything you need to know about Affordable Cart Act Software in one easy to digest whitepaper and feature checklist. Get your copy free when you subscribe to our blog.

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: John Dalmata

November 4th, 2016

What's New on the 2016 1095-C and 1094-C?

Healthcare Compliance

Good news! The IRS received and applied some of the feedback they received on simplifying the 1095-C.

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By: Marissa Dalmata

October 19th, 2016

Three Pitfalls When Moving from an FSA to an HSA

Healthcare Compliance

In the employer market, deductibles have increased 67% since 2010. As more employers steer plan participants toward High Deductible Health Plans (HDHPs), Health Savings Accounts (HSAs) can often sweeten the transition. HSAs are a benefit available only to members participating in a HDHP. Both employers and employees can make pre-tax contributions into the account, and store up pre-tax cash to pay down deductibles when they incur claims. To boot, employees can take their HSA with them once they leave the employer. Employee's contribute pre-tax, the accounts grow tax-free, and withdrawals for qualifying expenses are made tax-free. It has some great benefits. That being said, employers already offering a Flexible Spending Account (FSA) to employees ought to keep a few potential pitfalls in mind as they transition.

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By: James Hart

October 17th, 2016

The 5 pieces of a fully integrated HR system

HRIS | Obamacare Reporting | HR | Payroll | FMLA | TLM

All properly integrated Human Resource Management System have five main parts that make up a greater and more powerful system, just like how it takes five robot lions to form Voltron Defender of the Universe. These pieces are Payroll, Time and Labor Management, Affordable Care Act Reporting, FMLA Administration, and Benefit Enrollment.

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Before you leave...

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The Ultimate Companion in Your Search for Your Affordable Care Act Software Solution

We detailed everything you need to know about Affordable Cart Act Software in one easy to digest whitepaper and feature checklist. Get your copy free when you subscribe to our blog.

Before you leave...

The Ultimate Companion in Your Search for Your Affordable Care Act Software Solution

We detailed everything you need to know about Affordable Cart Act Software in one easy to digest whitepaper and feature checklist. Get your copy free when you subscribe to our blog.