Health efx

State healthcare reform is here. What’s it mean for your company?

Health efx

As an employer, managing your ACA requirements isn’t always easy. However, if your company operates in several states, the challenges you face associated with your ACA compliance considerations could become much more difficult.

Common ACA complex employer challenges and how to solve them

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At first glance the expectations tied to the Affordable Care Act (ACA) can seem well-defined.

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Protect your company from receiving Letter 226-J, here’s how.

Health efx

As the years have passed, the IRS has continually improved its processes for identifying Affordable Care Act (ACA) compliance and information reporting violations. This makes your company’s compliance management more important than ever.

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Will new Health Reimbursement Arrangements (HRAs) become popular with large employers?

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Employer-provided healthcare continues to be the largest source of coverage in the United States. It’s also one of the most appreciated employee benefits offered.

Candidate Screening Simplified

Speaker: Allen Samuel, Senior Sourcer & Serial Entrepreneur

When it comes to finding the right candidates for your company, you want to ensure that they are a good “fit.” By having an understanding of the job description, accurate skillset criteria and a short conversation with the hiring manager, you will be armed with the resources to quickly and effectively convert potential candidates to new hires. Join Senior Sourcer & Serial Entrepreneur Allen Samuel to learn the steps you should be taking in your candidate screening process.

Your ACA Compliance Can’t Wait: Here’s Why

Health efx

Every January we make our resolutions for the future. These resolutions may be personal — losing weight, exercising more or taking care of ourselves.

Measuring ACA Eligibility Through the Look-Back Method

Health efx

In the modern business market, you’re conditioned to look toward the future. We all are. And that’s one thing that can make successfully navigating the Affordable Care Act (ACA) more difficult, because it isn’t just enough to look to the future when it comes to your ACA compliance.

Understanding ACA affordability safe harbor options

Health efx

As mandated by the ACA, eligible employers must offer healthcare that meets minimum essential coverage (MEC) requirements to 95 percent of their full-time employees and their dependents. The law also indicates your employees’ required contribution must be no more than 9.5

ACA penalties and what they mean for your company

Health efx

In the past we’ve talked quite extensively about the importance of adhering to the ACA Employer Mandate and what it can mean for companies like yours if you fail to do so.

Keeping up with IRS Letter 226-J

Health efx

A year ago the IRS began issuing Letter 226-J notifying employers — those that may not have complied with section 4980H(a) and (b) of the ACA employer mandate during the 2015 tax year — of the penalties they may face for non-compliance.

Wage Growth: The Last Employer Holdout to Attract Candidates

You get a job perk! And You get a job perk! Everyone gets job perks! While these perks may have helped get that stellar candidate’s foot in the door, this dynamic of severely low unemployment combined with a historically high job open rate continues with no immediate end in sight. Employers will do well to zero in on one lever many have been avoiding pulling: the almighty salary increase.

What recent ACA changes mean for states, insurers and you

Health efx

While the pace of ACA news in mainstream media has slowed, health reform and changes to ACA-related regulations and revisions continue. So, we wanted to spend our blog today digging a little deeper into what you need to know and how these changes will affect states, insurers and you.

Employers: Questions on the future of Association Health Plans

Health efx

In the healthcare world, President Trump’s dislike for the Affordable Care Act (ACA) is well documented and while his initiatives to overthrow the ACA in its entirety have failed, his plans to undermine the ACA are ongoing. One such initiative includes expanding the use of Association Health Plans (AHPs). AHPs have been around for years but have always been a challenge for both insurers and the insured due to complex federal and state rules and risk.

Employers: Questions on the future of Associated Health Plans

Health efx

In the healthcare world, President Trump’s dislike for the Affordable Care Act (ACA) is well documented and while his initiatives to overthrow the ACA in its entirety have failed, his plans to undermine the ACA are ongoing. One such initiative includes expanding the use of Association Health Plans (AHPs). AHPs have been around for years but have always been a challenge for both insurers and the insured due to complex federal and state rules and risk.

5 Key Considerations Raised by Newly Proposed HRA Regulation

Health efx

Healthcare continues to be a focus of the Trump Administration and President Trump has used Executive Orders to drive regulatory change. In October 2017, President Trump issued an Executive Order directing the Secretaries of the Treasury, Labor, and Health and Human Services to consider how to expand the flexibility and use of health reimbursement arrangements (HRAs).

The HR Playbook: Reduce Turnover with Employee Benefits

Companies with the right mix of benefits saw a 138% drop in employee turnover. Learn how you can lower your employee attrition rate and retain top talent.

Q4 Health Reform and Legislative Updates

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The post Q4 Health Reform and Legislative Updates appeared first on Health e(fx). Employers Insights Legislative Updates

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Annual enrollment starts with ACA eligibility

Health efx

At Health e(fx) we understand the stress some departments feel during annual enrollment. We make it our goal to reduce the complexity of ACA compliance. If you’re feeling the pain of annual enrollment, our technology solution can help you simplify the process of offering benefits to your benefits-eligible employee population. We do this through several key differentiators. ACA eligibility determination support. Our technology leads the market in ability to determine benefits eligibility.

House May Vote on ACA Employer Mandate Act this Week

Health efx

September 12, 2018. Despite legal challenges and the repeal of the individual mandate late last year, the ACA Employer Shared Responsibility Provisions have prevailed. This week, these employer provisions will be put to further test with a House vote on the Save American Workers Act of 2018. Yet, due to budget impact and lack of Senate support it is unlikely this bill will become law. House leaders hope to vote on H.R. 3798, known as the Save American Workers Act of 2018, this week.

IRS Releases Draft Copies of Forms 1094-C and 1095-C

Health efx

The IRS released 2018 draft copies of Forms 1094-C and 1095-C on July 11 and those of us in the industry immediately began looking for changes. Similar to last year, there were few changes to be found. The draft forms are typically indicative of what the final version of forms will look like. Form 1094-C void of changes. Aside from expected date changes, it appears there are no alterations to the draft edition of Form 1094-C when compared to the final 2017 version.

5 Culture Trends for 2019

As we approach 2019, major shifts in the work environment will continue to affect the ways companies do business. Companies that are looking to attract, engage, and retain top talent should leverage these trends to create workplaces where employees thrive.

REMINDER: PCORI FEE DUE JULY 31

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For employers who sponsor self-insured health plans, the annual fee to help fund the Patient-Centered Outcomes Research Institute (PCORI) is due by July 31, 2017. The fee should be filed on the employer’s second quarter Quarterly Federal Excise Tax Return, IRS Form 720.

Workforce data integration helps employers uncover valuable insights

Health efx

Data has always been an important aspect of business. When businesses analyze data sets, they can make practical and educated conclusions to improve business practices, capitalize on workforce trends, and improve their bottom line. At Health e(fx), our technology integrates benefits, payroll and HRIS data and transforms these files into unparalleled insights to help employers save money, reduce ACA compliance risks and optimize their workforce strategies.

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Q4 – 2016 ACA Legislative Update

Health efx

Health e(fx)’s goal is to help remove the complexities of Affordable Care Act (ACA) compliance so that you are able to focus on the success of your employees and your business.

Here’s how to explain ACA penalties to your C-suite and get results

Health efx

Life in HR can be challenging and that’s putting it lightly. Managing the on-and off-boarding of employees, supporting perks and wellness initiatives and ensuring compensation equity can all be taxing. But it’s the managing of the health reform mandate, that has many HR professionals feeling the extra pressure these days.

When Recruiter Priorities Compete: Fill Speed, Growing Req Loads, and Diversity

It’s a question as old as the recruiting profession itself: How many reqs should one recruiter handle at a time? Even in our data-driven age of hard metrics and objective assessments, the answer is: It depends. Download this White Paper to discover the key factors that go into finding your answer to the req load question.

Respond to Employer Mandate Assessment Letter 226-J in 3 steps

Health efx

The IRS has notified some employers with Letter 226-J that they may be liable to pay penalties for failing to comply with the ACA employer mandate during the 2015 tax year. First and foremost, the IRS is identifying those organizations that did not offer coverage to 95% of their full-time eligible employees.

ACA Legislative Update – Quarter Two, 2016

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July 20, 2016. Congratulations! The 2015 filing season is now behind you and it is time to focus on the upcoming annual open enrollment and the 2016 filing of your Forms 1095 and 1094. It is amazing that this time of year is already upon us.

Marketplace Subsidy Notices

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Marketplace Subsidy Notices: Best Practices for Employers. June 2016 was a busy month for benefits professionals!

Regulations and Requirements for Forms 1094 and 1095 Corrections

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As we near the end of the initial IRS submission date, it is a good time to review the necessary steps to correct the errors that the IRS has found.

Why All the AI Research You’re Reading is Dead Wrong

Speaker: Ben Eubanks, SPHR, SHRM-SCP, Principal Analyst at Lighthouse Research & Advisory

While we may be “people” professionals, it is part of our job to understand AI and how this technology can enable us to make smarter decisions and develop more efficient processes. Join Lighthouse Research & Advisory Principal Analyst Ben Eubanks where he will discuss how AI can be used for HR and recruiting processes, including how to create more human interactions and engagement through the strategic application of technology.

Five Things Employees Need to Know About the Individual Marketplace

Health efx

Attracting and retaining a talented, committed workforce is crucial for employers. Research shows that employees’ attitudes toward their health and retirement benefits correspond with their employment choices, as well as with their levels of commitment and engagement. Health benefits and retirement funds are consistently in the top two employee valued benefits.

95% Compliant: New Year, New ACA Changes

Health efx

In December 2015, the IRS extended the deadline for ACA reporting Forms 1094-C and 1095-C, providing some large employers with yet another opportunity to avoid ACA reporting penalties.

ACA Legislative Update, March 2016

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The 2016 limits and penalty amounts. It has been a busy quarter and now that we are past part one of 2015 filing, we are diligently preparing for the IRS filing of Form 1094-C.

Health e(fx) at Benefitfocus One Place 2016: 95% Compliant: New Year, New ACA Changes

Health efx

In December 2015, the IRS extended the deadline for ACA reporting Forms 1094-C and 1095-C, providing some large employers with yet another opportunity to avoid ACA reporting penalties.

How to Build a Competitive Benefits Package

An attractive benefits program can be a highly effective recruiting and retention tool. But to make benefits a competitive advantage, employers must get creative with their benefits strategy or risk losing out on the best talent. Learn how to build a benefits package that your employees will love.