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

May 4th, 2015

The 5 Most Requested Features of PPACA Software Vendors

Compliance & Auditing

As the late comers to the PPACA party begin to surge into the marketplace, the first bits of client demand data are beginning to trickle in. We at Benetech have sat through the client meetings, read the blog posts, and listened to the masses of HR professionals explain their top must-have features for any Affordable Care Act software solution. What follows are the 5 most requested features of PPACA software vendors.

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By: Matt Ingold

April 30th, 2015

How Part-time Employees Can Make You Subject to ACA IRS Reporting

Compliance & Auditing

Since we have continued to get a lot of questions about determining whether or not you are an employer subject to the Employer Shared-Responsibility mandate portion of the Affordable Care Act, we decided to push out a quick blog on how to identify if your organization is subject to Pay or Play. By the end of this quick read, you will know whether or not you are an Applicable Large Employer (ALE) subject to the ACA, and, if so, what month your compliance stability period begins in 2015 (the first months you are subject to potential ACA penalties that will be accrued following 2016 Obamacare reporting). Keep in mind, while transition assistance has delayed ACA penalties for ALEs in the <100 group, these employers must still report to the IRS or face administrative fines come Q1 of 2016.

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By: Kyle Wessels

April 17th, 2015

How Do Non-Calendar Healthcare Plan Years Affect Affordable Care Act Reporting?

Compliance & Auditing

Before we delve too far into the mechanics of the Affordable Care Act Reporting requirements on non-calendar year plans, let’s back up a few steps to establish a few fundamentals.  During the first quarter of 2016 Applicable Large Employers will be required to report information on health coverage offered to full-time employees to the IRS.  They will be required to report for a period of time known as their “Stability Period”, one of the ACAs many definitions.  This Stability Period, is more commonly understood as the group’s Plan Year.

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By: Barry McNamara

April 10th, 2015

Are You Ready for the Affordable Care Act’s “Cadillac Tax”?

Compliance & Auditing

Beginning in 2018, the Affordable Care Act (ACA) will impose a 40% excise tax on high cost employer-sponsored group health benefits. The “Cadillac Tax” will apply to the excess benefit[1] on all fully-insured and self-insured applicable employer-sponsored coverages.[2]  In this blog we will be covering how "Cadillac Tax" penalties work, and offer insight into what employers need to do to prepare for "Cadillac Tax" compliance in the coming months/years.

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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: John Dalmata

April 2nd, 2015

Obamacare Data Collection: Essential Elements of Building 1095-C Returns

Compliance & Auditing

What data do you have to collect for Obamacare 1095-C reporting? Sounds like a simple question right? On the surface that would appear to be the case, however like anything regulatory - the devil is always in the details. Depending on the nature of your business, the types of coverage you're offering, and the makeup of your workforce, the type of data you may need to collect could vary significantly. 

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By: Matt Ingold

March 27th, 2015

Everything You Need to Know About Affordable Care Act 1095-C Filing

Compliance & Auditing

As quarter one of 2015 comes to a close, we're seeing a surge in questions regarding IRS Affordable Care Act (ACA) forms, ACA reporting guidelines, and how employers will need to file come 2016. Specifically, many are seeking guidance on how to complete form 1095-C for individual ACA returns. In this blog, we'll be painting a picture of how we understand ACA reporting will be executed next January at the company level, walk through completing form 1095-C, and shed some light on what employers and HR professionals can do to prepare for the administrative requirements entailed in Affordable Care Act IRS filing.

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By: Matt Ingold

March 16th, 2015

The Pros and Cons of In-House Affordable Care Act Compliance

Compliance & Auditing

The first year of mandatory compliance has compelled many employers to make their Affordable Care Act compliance plan a top development priority for 2015. Without fail, nearly every focus group goes through the consideration of developing an in-house solution. Whether or not in-house is the right course of action for you is contingent on a myriad of factors, but to help consider the best ACA solution for your organization, we’ve laid out our list of pros and cons to guide employers and HR professionals through the benefits and pitfalls of taking on in-house ACA compliance.  

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By: Marissa Dalmata

March 12th, 2015

How Do Employee Wellness Plans Factor in Obamacare?

Compliance & Auditing

Long gone are the days of smoking cigarettes  in the break room and a quick cocktail at lunch…..Corporate employee wellness plans are becoming wildly popular among many organizations as their overall goal is to create a corporate culture of health, while increasing productivity and employee morale. Most importantly their main goal is to prevent large unnecessary claims, therefore reducing overall health care spend.  

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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.