Health efx

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?

Health efx

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.

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.

Making the effort to correct errors reported by the IRS is just as important as filing and furnishing

Health efx

You planned for your 2018 tax year reporting season, you mailed out all the Forms 1095-C to your employees and made your IRS filing date…but wait…the reporting season is not over.

Reality Check: Is Your Employee Experience Initiative Working?

Having a robust framework for defining and measuring the success of Employee Experience (EX) initiatives will not only help you communicate the value of EX projects to leadership teams, it will also enable you to identify if and when a new initiative is headed towards failure early on. Discover best practices for measuring the success of employee experience programs - and what you can do if things go wrong.

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.

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.

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.

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.

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).

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.

2019 Third-Party Recruiting Benchmark Report

The unemployment rate has just hit 3.6%, the lowest jobless rate since 1969. Yet 50% of the time, the winning candidate hits the hiring manager’s inbox within 1 week when utilizing the BountyJobs platform. Download this report for a definitive collection of industry trends in critical hiring, brought to you by the world's leading recruiter engagement platform.

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.

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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REMINDER: PCORI FEE DUE JULY 31

Health efx

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.

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.

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.

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.

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.

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.

Dice 2018 Recruitment Automation Report

Artificial intelligence (AI) and machine learning (ML) technologies are rapidly changing the way many recruit and hire talent. Read Dice's first-ever Recruitment Automation Report to discover how you can employ new, cutting-edge technologies to source and hire tech talent faster.

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.

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 Recruiters Can Create a Predictable Candidate Pipeline

Even the most experienced recruiting professionals face challenges filling critical roles in their organizations from an inability to establish, nurture and grow a sustainable talent pipeline. Download this eBook to get a jump on sourcing and learn how to build a high performance recruiting pipeline.

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.

ACA Legislative Update Fall 2015

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The next phase of the Employer Shared Responsibility (ESR) mandate.

Legislative Changes Employers Should Be Aware of for 2015 and Beyond

Health efx

Legislative Changes Employers Should Be Aware of for 2015 and Beyond. Since early June, conversations about the Affordable Care Act have ranged from the Supreme Court decision and the impact of the court’s decision to penalty updates, reporting changes, and updates to benefit maximums.

Newton’s Guide to OFCCP Compliance

For federal contractors, keeping up with OFCCP regulations can be a major challenge when recruiting and hiring. Download our guide to OFCCP compliance and learn the major regulations that you must adhere to.