How HRMS can ensure compliance even during turbulent times
Uncertainty is the only certainty there is. When it comes to the state of healthcare in America, truer words were never spoken (these by John Allen Paulos, just in case you were wondering). The 2016 Presidential election threw healthcare policy into complete upheaval. While both the short and longer term impacts of the policy shift are still unknown, it makes smart business sense to anticipate some of the changes, and begin to consider how your organization can prepare and respond to those changes. Here we’ve assembled just a few of the most pressing uncertainties, and why a Human Resource Management System (HRMS) makes more sense now than ever before.
Yesterday afternoon, the IRS issued Notice 2016-4, which provides unexpected relief to employers distributing those soon to be well-known Form 1095-C information returns to employees. This late Christmas present will be well received by every employer struggling with system update and information gathering challenges. Applicable Large Employers (‘ALE’) and insurance companies now have nearly two additional months to get forms in the mail to employees. This additional time applies not only to Form 1095-C but also to Forms 1094-B, 1094-C, and 1095-B. Who said there wasn’t a Santa Claus?
technology ready for ACA,
One of our newest employees described BTerrell Group well earlier this week. He said, "I see this company as specialist in pain management; we try to reduce the pain mid-size companies feel as they begin to grow and become more complex organizations." He is exactly right!