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

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

November 9th, 2015

Completing Obamacare 1095-C Reporting With Online Benefits Enrollment Software

Obamacare | online enrollment software | benefits administration

  Completing Obamacare 1095-C reporting can be broken down into four steps: Data Collection Testing Analysis Reporting The data collection is the longest process, but translating the information into the reporting forms is the hardest.  Anyone who has gone down the path of hiring a TPA to complete their ACA Reporting is familiar with the immense data-dump that comes with the service partnership. And a one-time dump isn't enough. There is on-going monthly eligibility tracking, enrollment management, and hours-accruals that can make for some redundant spreadsheets and administrative processes. How does an online benefits enrollment system streamline and simplify the ongoing Obamacare data-gathering and annual reporting process?

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By: Matt Ingold

November 2nd, 2015

What to Look For When Selecting Online Benefits Enrollment Software

Strategic HR | HRMS | Affordable Care Act | online enrollment software | benefits administration

With rising healthcare costs and increasing compliance demands, benefits management software is emerging as a must-have system in the HR technology suite. Whether you are a healthcare broker looking to provide some added solutions to their clients, or HR professionals beginning their search for the best online benefits enrollment system, here are 10 feature considerations that make the difference between a one-trick pony and a true cost-cutting business solution.

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By: Matt Ingold

October 8th, 2015

What's the ROI for an Online Benefits Enrollment Software?

HRMS | HRIS | online enrollment software | benefits administration

With all of the HR technology resources that have come to the market to streamline standard administrative processes, moving to an online enrollment benefits enrollment system seems to be one of the those modern transitions that many employers have put off. With the advent of the Affordable Care Act, and the increasing need to have accessible data for completing annual IRS 1095-C forms and track healthcare expenses, online benefits enrollment software is having a larger role to play in ongoing HR administrative processes than mere annual surges during open enrollment periods. For those that are curious about the immediate and long-term return on investment (ROI) in online enrollment software, the following blog will highlight some areas of reduced manual labor, increased automation, and decreased operating costs that can result from making the transition from paper to online benefits enrollment.

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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.

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.