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

June 22nd, 2016

Why FMLA Outsourcing Can’t Merely be Technology Resourcing

Compliance & Auditing | HRIS | FMLA

Today’s HR technology is allowing employers to achieve incredible economies in labor costs, productivity, and compliance management. That being said, technology resourcing will always reach its limits, and there enters the subject-matter-expert.

Read More

By: Matt Ingold

June 10th, 2016

Understanding Part IV of the 1094-C

Compliance & Auditing

Understanding Part IV of the 1094-C, how the IRS will be using the information therein, and who is required to complete it are all essential elements of ensuring your 1094-C is filed correctly. In this blog we will be answering the following questions: 1. Who is required to complete Part IV of the 1094-C? 2. How will the IRS be using the information in Part IV of the 1094-C? 3. What information will employers need to complete Part IV of the 1094-C? Here's the good news: it's simpler than you think. Information herein has been drawn from irs.gov. 

Read More

By: Matt Ingold

May 17th, 2016

Steps to Reducing Overtime Costs Amidst the DOL's Overtime Overhaul

Compliance & Auditing | Reducing Overtime | Time Management

  (2 minute read) Overtime reclassification is going to hit employers with some significant compliance costs in the first year. The DOL speculates that employers will spend $592.7 million to comply with the pending regulatory update. And that is before factoring administrative costs for managing overtime and tracking employee time.

Read More

By: Matt Ingold

July 13th, 2015

Trade Preference Extension Act of 2015 Doubles Obamacare Penalties Overnight

Compliance & Auditing

Four days after King v. Burwell sealed the deal for Applicable Large Employers in 2015, President Obama signed into law the Trade Preferences Extension Act of 2015. With its passing, Affordable Care Act fiscal penalties doubled overnight.

Read More
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

June 25th, 2015

King v. Burwell Decision is Out...So Now What?

Compliance & Auditing

The much awaited King v. Burwell decision came out this morning. In the ruling, the Supreme Court ruled 6-3 in favor of upholding federal exchange subsidies, preserving subsidies on which 8.7 million Americans depend to obtain affordable health care coverage through the federal exchanges.

Read More

By: Matt Ingold

June 19th, 2015

How to Complete the 1094-C for Affordable Care Act IRS Reporting

Compliance & Auditing

More draft 1094/1095 B and C forms for 2015 IRS Affordable Care Act Reporting—I know, because at the end of Q2, we want more drafts. The good news is that the latest drafts released on June 16, 2015 have little changes to the previous edition. The few changes that have come out, such as moving box 19 of the 1094-C from Part II to Part I of the form, and removing the shaded grey from box 23 of Part III, have been mostly cosmetic. Arguably the most significant change is adding the additional Plan Start Month field to the 1095-C, but this will remain an optional field for 2015 reporting. Changes aside, in this blog I intend to focus on the particulars of how to complete the 1094-C.

Read More

By: Matt Ingold

June 13th, 2015

Simple Steps to Assess Obamacare's Impact on Your Employer Health Care Strategy

Compliance & Auditing

The Affordable Care Act and its Employer Shared Responsibility “Play or Pay” mandate has emerged as one of the most paralyzing topics of discussion for employers and HR professionals. We get it; Obamacare has forced employee benefits specialists to become as much regulatory experts as brokers, and it isn’t easy. When helping clients build their compliance strategy, we try to make the analysis process as simple as possible. As Affordable Care Act consultants, we see the primary Obamacare question applicable large employers need answered as follows. “Based on my compliance status, how will the Affordable Care Act change the way I develop my health care benefits strategy?” The focus of this blog will be guiding employers and HR professionals through the process of answering this question (as simply as possible).

Read More

By: Matt Ingold

May 28th, 2015

Critical Timeline Considerations When Implementing Obamacare Solutions

Compliance & Auditing

When it comes to a software purchase, onboarding and implementation can make or break a user experience. In 2015, first-time Obamacare software adopters are learning just how unique an implementation experience onboarding an Affordable Care Act software vendor can be. For those employers out there still discerning the pros and cons of outsourcing ACA compliance, my aim is to provide a window into the common ACA vendor onboarding experience, and offer some key timeline considerations for making that final decision to outsource.

Read More

Before you leave...

leadmagnetImageALT

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.