Employer’s Responsibility to Educate Employees on the ACA

A 2013 employee benefits study found that 75% of employees think their employer will educate them about changes to their health care coverage as a result of healthcare reform.   These ACA topics include employer compliance provisions that involve employee communications: Exchange Notice Requirement – Employers, regardless of whether they offer a health plan, are…

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Will your CPA or Attorney Perform the Play-or-Pay Calculation for You?

Possibly. The HCI Team performed our first Play-or-Pay analysis in June 2013 for a franchise with three locations and 153 employees, including 19 full-timers. We spent 32 hours collecting and organizing the information we needed from the business, and then “running the numbers”. Today, because we are more practiced with our Play-or-Pay Package, we could generate these results in…

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Thinking About Dropping Group Coverage?

Employee benefits, including employer-sponsored insurance, are terrific tools that employers use to attract and retain qualified personnel for their business. Reasons for voluntarily providing health coverage range from a desire to be competitive in the labor market to genuine concern for employees’ welfare.   The Affordable Care Act has changed an employer’s responsibilities and liabilities…

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