Archive for April 2015

Are you prepared for a DOL / ERISA compliance audit?

dol-erisa-audit

With the Patient Protection and Affordable Care Act (PPACA) going full steam ahead this year, employers are faced with a dizzying array of new reporting and disclosure requirements. Federal agencies have also been beefing up their efforts to monitor compliance with those requirements. The Department of Labor’s Employee Benefits Services Administration (EBSA) regularly conducts audits…

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Give your employee benefits renewal process a tune-up

employee-benefits

When your vehicle’s engine is no longer giving you the kind of gas mileage it once did, the first remedy you probably think of is a tune-up. After all, a well-tuned engine will not only give you better mileage, but will also help other parts of the vehicle work more efficiently, saving you money. But…

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Is your HRIS suffering from “garbage in, garbage out” syndrome?

hris

It’s an age-old challenge for small and medium-sized businesses: how to juggle the requirements of hiring, training, benefits, payroll, and other essential HR functions, all without the same in-house HR expertise larger companies enjoy. For these businesses, filling the gap often means drafting an office manager, finance person, or administrative staff member to cover the…

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The ACA Affordable Coverage Test – Will You Pass?

aca-compliance

The Employer’s Shared Responsibility provisions calls for four conditions to be met to avoid paying penalties: In 2015, at least 70 percent of full-time employers must be offered coverage that is minimum essential coverage, minimum value, and affordable. We’re shining this spotlight on affordable coverage, what is it and how is it measured. What is…

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The High Cost of Healthcare: Perverse Incentives

cost-of-healthcare

The fourth of a four part series Welcome back to our “High Cost of Healthcare” series. In this fourth article we will focus on perverse incentives, in part due to unintended outcomes of healthcare reform. Examples of unintended consequences in healthcare include: Doctors may be financially-incentivized to order more procedures and acute interventions rather than…

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