Everyone likes growth, but no one likes growing pains. Unfortunately, you can’t have one without the other. More employees, more revenue, and more influence undoubtedly come with more paperwork, more responsibility, and more regulations.
Professional Employer Organizations (PEOs) have long been a helpful resource for businesses looking to provide the best benefits to their employees. The growth the PEO industry has seen in recent years just proves this point. But as regulations become more complex, and continue to vacillate between rolling out and rolling back, it can be difficult to ensure you’re offering all the best options to your customers without overtaxing your organization. With the increasing complexity of HR mandates, health care regulations, and other employer regulations, PEOs have been looking for new ways to help companies struggling to cover all these requirements on their own.
After all the ups and downs faced by the Affordable Care Act (ACA), it’s likely your health care data took a back seat to other concerns for the first eight months of the year.
Although the Affordable Care Act (ACA) streamlined some of the regulations surrounding health care in America, there are still many ways to get insurance. You can go through your employer, the individual market, an association plan, or even a union, if you belong to one.
The U.S. travel industry is a multi-billion dollar industry, and every summer hotel, restaurant, and other hospitality business owners hire thousands of seasonal workers to accommodate increased demand.
Ready or not, it’s almost time for the next wave of ACA and EEOC reporting.
The Affordable Care Act (ACA) caused a mild earthquake in the American economy, shaking up industries across the board. While insurance companies and hospitals felt the tremors, some of the largest changes brought on by this regulation hit other organizations typically behind the scenes. One of them is payroll providers.
Health care reform has been a continually changing and evolving animal since the passage of the Affordable Care Act (ACA) in 2010, and health care was set to transform yet again. Many Republicans as well as President Trump had promised to repeal and replace the ACA, but they were ultimately unsuccessful.
The ACA weathered the congressional storm, and employers must comply with the ACA for 2017.
No one expects compliance to be without its hiccups, but the Affordable Care Act (ACA) tends to be sneakily difficult. Take, for example, the following idea:
“Under the Affordable Care Act, applicable large employers are required to offer affordable health insurance to their employees. An applicable large employer is a business with over 50 ACA full-time employees.”
Earlier this month, SyncStream attended the BenefitsPRO Broker Expo, where benefits professionals discussed the state of the industry, the confusion surrounding health care, and the future of benefits technology. We didn’t hear about or see a lot of changes, but that’s actually a surprise in itself, considering the continuing push for health care reform.
The lack of change was actually a good indicator that benefits providers should expect certain trends to continue, from opinions on health care compliance to the value of technology. Here’s what we took away from the BenefitsPRO Broker Expo.