Health care compliance involves a lot of moving parts: Insurance companies, the IRS, HR, benefits brokers, software compliance companies, employers themselves…. The list can seem endless.
The Affordable Care Act (ACA) was always meant to collect penalties from employers who didn’t comply with its regulations. Yet in the few years that ACA tracking and reporting has been required, these penalties haven’t seemed particularly real.
There’s been a lot of talk about the Affordable Care Act (ACA)—what might get repealed, what’s going to be enforced, and what its impact will be on the individual market—without a lot of clarity about what’s going on.
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.
The holidays are full of cheer, and for many companies, full of extra seasonal hires. Some companies, like Target, are hiring over 100,000 seasonal workers to combat the holiday rush. In 2015, a total of 675,300 new hires were made in the retail space alone, a number that’s predicted to stay around the same this year.
Employers have one perspective on the Affordable Care Act (ACA). Employee benefits providers have another.
Benefits brokers used to have a well-defined job: Sell health care benefits to companies for a commission and occasionally answer employer questions about these services.
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.