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: Matt Ingold

July 18th, 2016

What Should You Do With ACA Subsidy Notices?

Compliance & Auditing | Affordable Care Act | Obamacare

In June of 2016, the IRS began delivering their backlog of subsidy notices to employers. The notices informed Applicable Large Employers (ALEs) when an employee who might have been eligible for employer-sponsored health coverage enrolled in health coverage through a state or federal marketplace AND received an Advanced Premium Tax Credit (APTC) and Cost-Sharing Reduction (CSR). Notices were automatic computerized mailings triggered by the employee’s enrollment. Immediately, the floodgates of questions opened: “What should I do if I receive an ACA subsidy notice?” “Is there a penalty associated with an employee ACA subsidy notice?” “How do I appeal an employee ACA subsidy notification?” All great questions, but let’s start with a little note of reassurance. Receiving an Affordable Care Act Subsidy Notice does not automatically mean that you are subject to an ACA penalty. That being said, don’t just toss them into the junk-mail box—there are some decisions to make, and they may involve a lawyer. Take the following into consideration in determining the appropriate response to an ACA subsidy notification.

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By: Matt Ingold

July 7th, 2016

How has the EEOC Ruling Impacted Wellness Incentives?

Compliance & Auditing | Wellness | Healthcare Compliance

In May of 2016, the EEOC published final versions of rules pertaining to employer wellness plan compliance. The updates addressed: Incentive caps for wellness plans that require employees to disclose biometric information (BMI) Incentive caps for wellness plans that require BMI from employee’s spouses who participate in voluntary plans So, why the change? The intent of the regulation was to provide employers with a common standard for which to measure the compliance of their wellness plans. Prior to the regulatory update, it was possible for employer wellness programs to be in compliance with the ACA, yet violating the ADA. The regulation goes into effect in 2017 of the renewal month of employer-sponsored coverage (plans renewing in July do not need to be in compliance until July of 2017). So what do you need to know?

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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.

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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. 

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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

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.

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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.

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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.

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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.

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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.