These days, managing an employee health benefit plan is NOT just that – companies face numerous reporting and compliance challenges that are continuously changing, which, in turn, has changed the game. And, the Affordable Care Act (ACA) has only upped the ante.
At EBSO, we have a full-time Compliance Department helping our clients with these challenges, guiding them through the rapidly changing ACA requirements and avoiding costly penalties. Our Standard ACA Compliance Services include your basic plan General Notice Requirements as well as mandated ACA reporting techniques and fees. From the Children’s Health Insurance Program (CHIP) Reauthorizations Act of 2009 to Patient-Centered Outcomes Research Institute Fee (PCORI) calculation, our health care reform compliance services help ensure that self-funded employer groups stay ahead of the game.
As a full-service third party administrator (TPA), EBSO offers all the ACA compliance resources necessary in today’s regulatory environment – from a comprehensive range of Health Care Compliance Management Solutions for our self-insured medical administration clients to a freestanding suite of ACA Reporting Services available to any employer group, regardless of how the plan is funded or administered.
With all these options, trusting EBSO to be your expert is a safe bet! To learn more and view a full list of Standard Compliance Services we offer, visit our website at: http://www.ebsobenefits.com/compliance-management.html.
There are numerous reporting and compliance challenges that can make managing a health benefit plan quite perplexing. As a full-service third party administrator (TPA), EBSO provides a comprehensive range of Compliance Management Solutions for self-funded health plans they administer, such as:
- Standard Compliance Services
- ACA Reporting Services
- Legal Guidance & Support Services
EBSO Excels in ACA Reporting
Since many employers are not fully prepared for the complex ACA data gathering and reporting requirements that exist today, EBSO also offers a freestanding suite of ACA Reporting Services available to any employer group, regardless of how the plan is funded or administered. These services include options such as:
- Reporting 6055 – self-insured (NON-ALE)
- Reporting 6056 ALE not self-insured
- Reporting 6055 & 6056 – ALE who are also self-insured
- Populate 1094 and 1095 forms
EBSO offers all of the compliance resources necessary in today’s regulatory environment. With all these options, it’s time you trust EBSO as your ACA expert! To learn more, visit our website at: http://www.ebsobenefits.com/compliance-management.html
Keeping up with the Affordable Care Act (ACA) in terms of health plan tax reporting and filing can be quite a challenge for employers. But never fear; EBSO offers a Compliance Management Solution to help guide companies through the rapidly changing requirements and avoid costly penalties.
EBSO’s new compliance management solution, the “EBSOlution,” is divided into three structured components: Standard Compliance Services, ACAManager Services and Legal Guidance and Support.
Standard Compliance Services are available for EBSO self-insured medical administration clients only and include everything from General Notice Requirements to ACA mandated reporting techniques and fees. From the Women’s Health and Cancer Act Rights Act (WHCRA) to the Children’s Health Insurance Program (CHIP) Reauthorization Act of 2009, these services help ensure that self-funded employer groups never fail to report required information.
ACAManager Services are available to any employer in the United States. These services combine benefits administration technology with the EBSOlution to minimize the employer’s risk. Services include…
- The ACAManager “Pay or Play” Strategy, which sets up company assessments and determines penalties;
- ACAManager Measurement Periods to track and divide initial and standard measurements through multiple employees;
- ACAManager Analytics to review ratios and employee statistics;
- ACAManager Notifications to customize email content and track notices; and
- ACAManager Reporting needed to comply with IRS Section 6055 and 6056 requirements for self-insured and fully-insured Applicable Large Employers (ALE).
When it comes to legal and illegal reporting and filing, there are often some “grey areas” and potential penalties hiding in the shadows. The Legal Guidance and Support component addresses employee issues or ACA questions and allows employers to dissect the constant change that exists within the health care reform laws.
Organizations will save time and money through EBSO’s Compliance and Human Resource tool by offering self-funded certification training sessions, building state-specific employee handbooks with up-to-date policies and reducing the risks of employee harassment and discrimination lawsuits.
In addition to these three critical components, EBSO compliance specialists are available to answer client’s questions as needed. From tracking all required data to filing reports in a timely manner, EBSO offers all the compliance resources employers need in today’s highly complex and fluid regulatory environment.