Benefits Administration Firm Benefit Express Offering ACA Compliance Services
All of Benefit Express’ solutions help ease the burden of Healthcare Reform. Solutions geared towards aiding clients with ACA compliance include flexible date-driven benefits enrollment administration, extensive reporting capabilities, cost tracking services, hours worked calculations, and a customer care center, among others.
Benefit Express’ Hours Tracking Services include:
• Tracking and determination of eligibility for a client through actual hours worked data.
• Ability to provide exception reports, which will focus attention on employees whose actual hours worked do not match expectations based on FT/PT classification from the client.
• Reports that can be used to further communicate the effect on benefit eligibility with supervisors and employees.
Benefit Express’ Cost Tracking Services Include:
• Ability to provide accurate tracking and reporting of affordable care (9.5% of annual earnings) at an individual level, from client provided W-2 earnings.
Benefit Express will calculate a monthly premium based on part-time staff working 130 hours per month. This will translate into an hourly rate and employees are charged that rate per hours worked each week. The rate will be used to automatically pro-rate premiums as earnings change, so they don’t exceed 9.5%. Premiums will automatically stop when they hit 1560 hours, having fulfilled the annual premium associated with that benefit.
Read the full story at http://www.prweb.com/releases/2013/12/prweb11389390.htm
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