Category Archives: Compliance and Healthcare Reform

2016 will be a Challenging Year for ACA Compliance

Businesses of all sizes are bracing for 2016 when new reporting, disclosure and notification requirements and penalties take effect with the Affordable Care Act (ACA). The extensive amount of data that employers are required to collect can take hours of staff time increasing costs for many, especially smaller employers.

At the same time, Department of Labor (DOL) audits are happening at a record pace with an increasing number of fines and penalties being imposed on employers.

“Many businesses mistakenly believe that penalties only occur for failure to offer health insurance if they have 50 or more employees,” says David Straight President and CEO of Benefits Network.

“However, ACA requirements are much broader and effect businesses of all sizes,” says Straight, adding, “By failing to send employee notices, not having a Wrap Document and SPD in place or improperly administering your health plan or HRA, your company and individual company officers may be at risk for substantial fines, lawsuits, and even face the risk of imprisonment.”

Benefits Network has a solution that takes the work and worry out of compliance and can save you money by not hiring extra staff or having to invest in expensive software or computer infrastructure. Your Compliance Express, is a proprietary suite of services developed by Benefits Network in partnership with NavigateHCR and is only available in Western Pennsylvania through Benefits Network.

Your Compliance Express offers packages that are tailored to each organization to cover your compliance needs no matter what size business or compliance requirements that you face. Talk to your Benefits Consultant today to see how Your Compliance Express can save you time, money and worry.