Simply Compliant
We keep your benefits program compliant by:
- Calculating Actuarial Value of current plans to ensure future plan compliance
- Calculating Plan Affordability of current employee salaries vs. cost of coverage
- Displaying all mandatory employee notifications and capturing employee acknowledgments (Summary of Benefits and Coverage, Marketplace Notice, COBRA, CMS, ERISA)
- Reviewing and/or obtaining all required plan documents (Section 125 pre-tax, ERISA Wrap, Doc, HRA, HSA)
Moving forward, our processes and team will keep our clients compliant by:
- Educating the educator and your employees about the ACA
- Calculating MLR rebates (percentage of Employer and Employee rebate)
- Calculating exact annual health insurance premiums for W2 reporting requirements
- Providing employee benefit plan data to satisfy IRS reporting requirements for Large Group Informational reporting (Forms 1094-1095)
- Provide a Department of Labor Audit preparation kit, containing all required plan documents, notices and acknowledgments
- Accommodating the pending “Auto Enroll” requirement
- Capturing employee acknowledgements on mandatory notifications and procedures
Additional Services
As part of our turnkey service package, we provide our clients with the following services at no cost:
- COBRA Administration Outsourcing – Use of our partner COBRA administrator Discovery Benefits
- CMS Filing – we will file both annual and renewal plan filings with CMS (Center for Medicare & Medicaid Services)
- IRS FORM 5500 Filing – we will prepare signature-ready 5500 filings for all employee benefit plans we administer for your group benefit program
