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!
If you have started down the worm-hole of completing your annual 1095-C statements, you’ve probably hit some confusion upon reaching Part II. With 9 coded options to plugin for each month of line 14 (1A-1I) and eight coded options for line 16 (2A-2H), things can start to get tricky.
So, outsourcing your retiree billing administration has probably crossed your mind once or twice. Understandable—it’s one of those redundant monthly tasks that can be surprisingly labor intensive and draining to the productivity of your administrative personnel. Furthermore, depending on the size of your retiree population, the monthly task of collecting and processing retiree health insurance payments can have high associated labor and opportunity costs. Most public sector employers that look to outsource their retiree billing are experiencing the following:
Administrative outsourcing can often be a dirty word in public sectors. In tragically becomes synonymous with labor force reduction. BOO! Far from it! Talk to any HR administrator—there is plenty of work to go around. We’re not talking about replacing people with computers, we’re talking about smart decisions to outsource both redundant tasks and technical expertise in order to increase productivity in your present workforce. This is doing more with less! As municipal and public school officials look to how they will balance growing administrative burdens with finite budgets in the coming year, here are three outsourcing options to consider in 2016.