learn how staff one eases the affordable care act requirement pains
TRANSCRIPT
Preparing Business Owners for Healthcare Reform The ACA poses many complicated challenges to small businesses of all kinds, and while some components of the ACA are not applicable to every business, it can be difficult to keep track of compliance responsibilities. In order to better prepare small businesses for these complexities Staff One will be assisting our clients with the following list of compliance requirements for recordkeeping, reporting, and analysis. As a partner through the Partners Plus program we will be providing your clients the tools and resources they need. It is important to make your client’s aware of the need to be tracking hours and be prepared for the reporting requirements. There are various payroll software vendors that will not be capable to assisting your clients with the reporting.
Compliance Notices provided by Staff One
Summary of Benefits with Uniform Glossary
Exchange Notice
MLR Rebate Notices
Grandfathered Plans must provide disclosure to participants
Preventative Care
Health FSAs
HIPAA Notification
Cobra Administration Initial Notification
Cobra Termination Election Notices
Administrative analysis through payroll reports, benefit documents and reporting
Tracking full time employees for mandate requirement
Calculating the Full-time equivalents (FTEs) for mandate requirement
Variable employee measurement tracking
Maintain documentation of cost sharing and benefits for grandfathered status
Distribution of Rebates as Plans Assets under ERISA
6055 Reporting Assistance
6056 Reporting including 1094B, 1094C, 1095B and 1095C
Common Control Employer Review
Affordability Test
Small Business Tax Credit eligibility analysis
W-2 Reporting
Plan Review and analysis with agent assistance
Plan Renewal
Waiting Period
Deductible and Out-of-pocket Maximum Review
Lifetime Limits
Health Essentials
Minimum Value Test
Employer Contribution
Call Liberty Prince at 214.716.0323 or email [email protected] to discuss customizing a partnership for your organization!