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: Marissa Dalmata

July 29th, 2019

Will the Expansion of Preventative Care in HDHPs Drive Up Costs?

Healthcare Compliance

In the United States, 86% of health care costs are spent for people with chronic conditions. While High Deductible Health Plans (HDHPs) have been a popular plan offering for employers seeking reduced health care costs for employer-sponsored plans, the high up front deductibles were often a deterrent to participation from employees with chronic conditions. In HDHP's participants can receive copays before paying their full deductible for services classified as "preventative care." But for people with chronic conditions, it was almost guaranteed they would be paying their entire deductible. However, on July 17, 2019, the IRS released a notice which added a number of chronic conditions whose treatment would fall under that definition of "preventative care."

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By: Matt Ingold

May 17th, 2019

Is Non-Discrimination Testing on Your Premium-Only Plan Worth the Money?

Healthcare Compliance

A Section 125 plan, AKA a cafeteria plan, allows employers to give employees the option of taking cash or make a pre-tax contribution to their employer-sponsored health plan. This is a great benefit to employers (reduced payroll and FICA tax) and employees (reduced taxable income and paying health premiums with pre-tax dollars). While cafeteria plans have been around for decades, we still run into employers who deliver their plans on a post-tax contribution basis and miss out on the savings for their business and employees. A simple $300 plan document can save thousands of dollars year-over-year. But that aside, there are stipulations to gaining the tax benefits of a Section 125 plan, and the IRS imposes strict testing to make sure that an employer's plan does not discriminate in favor of highly compensated employees.

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By: Matt Ingold

December 17th, 2018

ATTENTION EMPLOYERS: ACA Took a Severe Blow in the Courts, but What Does it Mean for 2019?

Healthcare Compliance

On December 14, 2018 a federal judge in Texas ruled that because the individual mandate (which penalized individuals for failing to have health insurance) would no longer be in effect in 2019, that the “entire Affordable Care Act (ACA) is invalid. They argued that the individual mandate would no longer be a valid tax since the penalty had been reduced to zero, and the entirety of the ACA was unconstitutional.  Does this mean that the Employer Mandate is going away in 2019?

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By: Marissa Dalmata

June 19th, 2018

OSHA Silica Rule Gets 30-Day Grace Period

Healthcare Compliance

Bottom line, if you are a general or maritime employer subject to the new OSHA Silica Standard, OSHA is offering a 30-day grace period for employers who make “good faith efforts” to comply with the new rule. OSHA will extend compliance assistance to applicable employers.

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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

June 4th, 2018

New 2019 ACA Affordability Rates Give Employers a Break

Healthcare Compliance

On May 21, 2019, the IRS issued the new affordability rates for determining compliance with the ACA’s affordable coverage requirements. For plan years starting in 2019, the new affordability rate will be 9.86% of an employee’s household income for both the pay or play guidelines and premium tax credit eligibility. The .30% increase from 2018’s affordability rate (9.56%) is the largest increase since the ACA became law in 2012.

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By: Marissa Dalmata

December 29th, 2017

ACA 1095-C Furnishing Deadline Extended for 2017 Reporting

1095-C | Healthcare Compliance

On December 22, 2017, the IRS issued notice 2018-06 to:

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By: Matt Ingold

November 15th, 2017

NY Employers' Biggest Concern with Paid Family Leave

Healthcare Compliance | NY Paid Family Leave

In his recent legal update to the Capital Region Human Resources Association, nationally acclaimed labor attorney, John Bagyi, shared a number of regulatory topics impacting employers across NY State. He saved the best for last: New York Paid Family Leave. Regarding the dynamic nature of the regulation, which goes into effect on January 1, 2018, Bagyi remarks, “There is a lot of inconsistent information still coming out…it’s going to be a bumpy road. This is one of those policies I would write in pencil.”

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By: Marissa Dalmata

October 10th, 2017

What Employers Need to Know About the 2017 1095/1094-C

1095-C | Healthcare Compliance

On September 28, 2017, the IRS released the new forms 1095-C and 1094-C to be used for mandatory 2017 reporting.  The 1095-C and 1094-C are used by Applicable Large Employer groups under the Affordable Care Act to fulfill IRS Code Section 6055 and 6056 reporting requirements. In laymans terms, they communicate: To whom did you offer health benefits? Was it affordable? Did it provide minimum value? Unless you're a new ALE in 2017, this should be old-hat by now. Here's what you need to know for 2017.

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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.