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!

By: Marissa Dalmata

October 10th, 2017

What Employers Need to Know About the 2017 1095/1094-C

1095-C | Healthcare Compliance

On September 28, 2017, the IRS released the new forms 1095-C and 1094-C to be used for mandatory 2017 reporting.  The 1095-C and 1094-C are used by Applicable Large Employer groups under the Affordable Care Act to fulfill IRS Code Section 6055 and 6056 reporting requirements. In laymans terms, they communicate: To whom did you offer health benefits? Was it affordable? Did it provide minimum value? Unless you're a new ALE in 2017, this should be old-hat by now. Here's what you need to know for 2017.

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By: Matt Ingold

February 8th, 2016

What Is the Best Type of Obamacare Software Solution for My Organization?

1095-C | Obamacare Reporting | benefits administration | Payroll

Shopping for Affordable Care Act software is a lot like installing a new shower: your goal is to get a solution that leaves you feeling clean, and the plumber wants to talk about the plumbing, accessories, and where the water is coming from. You can shower with a watering can just the same as in a private suite at the Ritz. The difference is in the experience. So, how does this whacky analogy translate to how you shop for an Obamacare software solutions? At this stage in the market, we’ve seen an assortment of different ACA software options hit the shelves, and nearly all of them complete the paramount task of building and filing your 1095/1094-C forms. That’s a no-brainer.  Rather than comparing vendors by output, employers are comparing them in their mechanism for gathering the required data they need, and seeing how they can do it as efficiently and cost-effectively as possible. In other words, employers are evaluating ACA solution vendors in their ability to plug their solution into their current "plumbing" network of payroll, time and labor, and benefits administration. Employers are shopping for a compliance experience. Some employers need the "luxury shower" ACA solution, where others may be perfectly satisfied with the "watering can". 

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By: Matt Ingold

January 21st, 2016

Why Do Obamacare Solution Vendors Try to Sell Me Payroll?

1095-C | Obamacare Reporting | Payroll

There is nothing more frustrating than when a salesman pulls the old bait n’ switch—luring you in with one product with the intent of selling you something completely different. Rightfully so, it’s a pretty unethical practice. So why are so many Obamacare Solution providers making a move for payroll when employers are looking for a stand-alone ACA solution? Is it just another bait n’ switch? The answer has to do with streamlining data collection and how Affordable Care Act software providers have engineered their software to get to market as quickly and cost-effectively as possible! So what does it mean for your solution search?

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By: Matt Ingold

January 11th, 2016

ACA Case Scenario: How to Complete the 1095-C During a Retirement Year

1095-C | Retiree Billing

If you have started down the worm-hole of completing your annual 1095-C statements, you’ve probably hit some confusion upon reaching Part II. With 9 coded options to plugin for each month of line 14 (1A-1I) and eight coded options for line 16 (2A-2H), things can start to get tricky.

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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

December 30th, 2015

IRS Extends Deadlines for 1095-C Furnishing and Reporting!

1095-C | Affordable Care Act | Obamacare Reporting

3 minute read Just when you thought you’d unwrapped all of your presents, it looks like Santa had one more gift for employers hidden behind the desk in the corner of the family room. And nobody can shoot their eye out with this one… It was about a week before Christmas that we began hearing some “scuttlebutt” from our legal sources that a delay for Affordable Care Act Reporting was forthcoming, and if so, would be issued sometime between Christmas and New Year’s.

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By: Matt Ingold

December 10th, 2015

1095-C Reporting Case Scenario: How to Report on COBRA Enrollees that Carryover Coverage to a New Calendar Year

1095-C | Obamacare Reporting

Post Updated on December 10, 2015. If you have started down the worm-hole of completing your annual 1095-C statements, you’ve probably hit some confusion upon reaching Part II. With 9 coded options to plugin for each month of line 14 (1A-1I) and eight coded options for line 16 (2A-2H), things can start to get tricky.

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By: Matt Ingold

December 1st, 2015

Payroll Vendors or Employee Benefits Software Providers for Obamacare Reporting: A Comparative Service Analysis

Workforce Management | 1095-C | Affordable Care Act | Obamacare Reporting | online enrollment software

Payroll or Benefits Management Software: Both vendor categories have raised their hands to take on the hefty administrative burden of providing Affordable Care Act Administrative services. At the end of the day it begs the question: Who is best suited to service the client? If we’re evaluating the ability of payroll vendors versus benefits management systems to perform the administrative requirements of the Affordable Care Act, there are 2 main categories to assess: relevant ACA data accessibility and regulatory knowledge.

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By: Matt Ingold

November 24th, 2015

ACA Reporting Scenarios: Completing the 1095-C When Employees Elect a Rust Level Plan

1095-C | Obamacare Reporting

If you have started down the worm-hole of completing your annual 1095-C statements, you’ve probably hit some confusion upon reaching Part II. With 9 coded options to plugin for each month of line 14 (1A-1I) and eight coded options for line 16 (2A-2H), things can start to get tricky.

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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.