Your Compliance Express
The Affordable Care Act, signed into law in March 2010, is massive. With more than 11,000 pages of regulations, it’s inconceivable that any employer can expect to be compliant without expert help. New mandates, deadlines and paperwork are just the tip of the iceberg. And, regardless of group size, employers are subject to significant penalties should they inadvertently make a mistake. Make no mistake about it; the Department of Labor and the Internal Revenue Service are conducting employer audits at a record pace. That’s why Benefits Network created Your Compliance Express. This proprietary product encompasses the vital resources we as reform consultants have at our fingertips and makes them accessible to employers seeking an easy, understandable way to stay on top of the Affordable Care Act requirements.
Your Compliance Express is made up of five important components:Beyond the Affordable Care Act Your Compliance Express gives you the tools to be compliant with the AFFORDABLE CARE ACT and dozens of other federal laws including: Employee Retirement & Income Security Act of 1974 (ERISA) Part 1: Reporting & DisclosurePart 4: Fiduciary Responsibilities Part 5: Administration & Enforcement Part 6: Continuation Coverage Consolidated Omnibus Reconciliation Act (COBRA) Part 7: Group Health Plan Requirements Health Insurance Portability & Accountability Act (HIPAA) Newborn’s & Mothers’ Health Protection Act (NMHPA) Women’s Health & Cancer Rights Act (WHCRA) Mandated CoverageQualified Medical Child Support Order (QMCSO) Dependent’s Mental Health Parity Act Financial Accounting Standards Board (FASB) RequirementsStatement 106Statement 112 Statement 158 Other Federal Laws American Recovery & Reinvestment Act of 2009 Children’s Health Insurance Reauthorization Act of 2009Medicare Secondary Payer (MSP)Medicare Part D TRICARE Working Families Tax Relief Act
- Compliance Consulting
Compliancedashboard: The Ultimate Compliance Tool
Compliancedashboard takes the guesswork out of compliance. It is the leading web based solution for helping employers comply with the federal laws that govern health & welfare plans including new health care reform regulations. With Compliancedashboard, you no longer have to worry about whether you are meeting your compliance obligations — it will tell you what you have to do and when you have to do it. This interactive web portal gives you the information you need, when you need it. All employers that sponsor health plans have a fiduciary responsibility to ensure their plans comply with applicable laws and mandates. In many cases, employers are required to provide hands on direction and oversight to this compliance process. Yet, most employers are unaware of the full scope of their responsibility. Too often, they just don’t know what they don’t know. This has exposed many organizations to potential liabilities at a time when government agencies are stepping up enforcement of health plan laws, and lawsuits brought by health plan members are on the rise. Watch for yourself how compliancedashboard can simplify your life!
Compliancedashboard helps assure compliance, thereby reducing the risk of fines and legal action that can arise from noncompliance. It further minimizes an employer’s potential liability by:
- Establishing a reliable and verifiable compliance process
- Maintaining reports and audit trails to document an employer’s good faith compliance efforts
HR360: Real Time Human Resource and Health Care Reform News Feeds
As a Your Compliance Express client, you will receive access to the proprietary portion of this custom health care reform website. This site contains a constant feed of the latest news and information from the legal compliance team at NFP Benefit Partners and hr360. With these resources, you are sure to be able to have the most updated information at your fingertips.
Wrap360: Affordable Compliance Documentation
Wrap360 was created by the team at HR360 to produce Wrap Documents, Summary Plan Descriptions (SPD) and Section 125 Documents at an affordable price. In the past employers often incurred costly legal fees to create and maintain these mandatory documents.
Every employer who offers group health benefits is required to have a Wrap Document and SPD. The penalties for not having these documents on file if audited are as much as $110 per employee per day retroactive to the beginning of the group health plan.
Don’t allow yourself to be vulnerable when an affordable solution is at your fingertips.
NavigateHCR: Customized Compliance Solutions
Eliminate the work and worry of compliance. NavigateHCR will get and keep your business compliant with the Affordable Care Act and Department of Labor regulations.
Employer Express – pushes all the required employee notices to the employer for distribution to the employees
Employee Express – pushes all of the required employee notices directly to your employees company email address
SPD/Wrap – creates and maintains proper Wrap Documents and Summary Plan Descriptions
Tracker – conducts monthly tracking of hours for variable
IRS Reporting – provides quarterly tracking of information and prepares IRS for filing in order to maintain compliance with 6055 and 6056 IRS tax codes.
ACA Hotline – provides a resource to answer all of your ACA related questions
Packages and pricing are available to meet the needs of every size employer.
Health Care Reform Consulting
Under health care reform law, there will be times when you have critical decisions to make on behalf of your business and employees. You can trust us to give you the guidance and direction to help you make the right call. Our team of experts is available by phone, email, and face-to-face to consult with you as needed. You can count on us and the vast resources we have assembled to give you expert advice and direction. Telephonic and face-to-face Health Care Reform Consulting Services are free of charge for Benefits Network employee benefits clients, and available at a competitive hourly rate for non-Benefits Network clients. Contact us regarding healthcare reform consultation services.