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

October 19th, 2016

Three Pitfalls When Moving from an FSA to an HSA

Healthcare Compliance

In the employer market, deductibles have increased 67% since 2010. As more employers steer plan participants toward High Deductible Health Plans (HDHPs), Health Savings Accounts (HSAs) can often sweeten the transition. HSAs are a benefit available only to members participating in a HDHP. Both employers and employees can make pre-tax contributions into the account, and store up pre-tax cash to pay down deductibles when they incur claims. To boot, employees can take their HSA with them once they leave the employer. Employee's contribute pre-tax, the accounts grow tax-free, and withdrawals for qualifying expenses are made tax-free. It has some great benefits. That being said, employers already offering a Flexible Spending Account (FSA) to employees ought to keep a few potential pitfalls in mind as they transition.

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By: Matt Ingold

October 10th, 2016

Ten Cost Considerations for In-House ACA Compliance

Healthcare Compliance

It’d be nice to have another 2 month extension this year for ACA filing. It'd also be nice If I could see the Chicago Bears win the Superbowl again before I die. I’m not holding my breath. To comply with in-house resources, or outsource ACA compliance—that is the question! As we approach our second year of mandatory IRS filing (wow that was fast) Applicable Large Employers subject to the Employer Shared-Responsibility Mandate of the Affordable Care Act are faced yet again with the decision on how they will complete their annual filing requirements. For those conducting the cost-benefit analysis of in-house filing, here are ten costs to consider when looking to comply with in-house resources. Brace yourself, this might sting a little.

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By: Matt Ingold

September 29th, 2016

Three Employee Communications When Introducing HDHPs

HR Best Practices | Healthcare Compliance

Who doesn’t want to reduce stress on their employees? Apparently, open enrollments aren't helping. A recent study conducted by Harris Pole of over 2100 employees revealed that roughly 50% of employees find the open enrollment process to be “Always Stressful” and over 40% described selecting health benefits as “Very Confusing.” Makes sense—you’ve got HMOs, PPOs, EPOs, HSAs, FSA, HRAs, HDHPs…and suddenly I’m thinking about Robin Williams in Good Morning Vietnam. When employees are looking at selecting a High Deductible Health Plan (HDHP) for the first time, here are a few things worth sharing.

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By: James Hart

September 19th, 2016

7 Tips for choosing between an FSA and an HSA

Healthcare Compliance

Choosing between a Flexible Spending Account (FSA) and a Health Savings Account (HSA) can be confusing and lead to frustration. Here is a quick list of differences to help you in your mission to pick which plan is best.

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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

September 13th, 2016

Reducing Employee Hours to Avoid the ACA? Prepare for a Lawsuit.

Affordable Care Act | Healthcare Compliance

The Affordable Care Act (ACA) and its Employer Shared Responsibility Mandate have placed a costly burden on employers who traditionally did not extend employer sponsored health coverage to variable hour employees. The ACA now requires employers to offer health coverage to those employees that work more than 30 hours per week (130 hours per month over a 12 month measurement period), or risk paying a penalty. In an effort to avoid the cost of penalties and additional health insurance expenses, a number of employers looked to ways of reducing their full-time employee population, or minimize the number of employees to whom they would be required to offer coverage or risk paying a penalty. Makes sense. Then came the lawsuit Marin v. Dave & Buster’s Inc.

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By: Matt Ingold

August 29th, 2016

HRA vs. HSA vs. FSA: What is a Qualifying Expense?

Healthcare Compliance

As Health Savings Accounts (HSAs) are growing in popularity, employers having increasing questions on the difference between Health Reimbursement Accounts (HRAs), FLEX Spending Accounts (FSAs) and HSAs. While there are overlapping regulations in each of these benefits, there are also important distinguishing factors. This blog will focus on the question: “For an HRA vs. HSA vs. FSA, must a qualified expense be incurred during the same plan year that the contribution is made?” Let’s focus on how each of these benefits responds.

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By: Matt Ingold

July 21st, 2016

Quick Tips to Administering NY Paid Family Leave

Compliance & Auditing | Healthcare Compliance

We have some time between now and the effective date of NY Paid Family Leave Act (PFLA) in January of 2018. Indeed a lot can happen in 18 months that may impact our plans for administering NY Paid Family Leave, but probably not enough to justify postponing our preparation strategy for administering this new benefit. In this blog I'll be covering some key considerations when building your process for administering Paid Family Leave. Of note, PFLA shares some similarities with FMLA, but is by no means a carbon copy.

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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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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.