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 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).

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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.

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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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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: 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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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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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.