How HR&P Can Reduce Your
Compliance Burden
•	Providing a customized summary report
on how Health Care Reform impacts your
...
Summary of Benefits Coverage (SBC)
•	Distribute material to all existing and eligible
new hires within the deadlines
•	Upd...
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Health Care Reform Services in Texas - Dallas, Houston, Austin, San Antonio, Texas

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Human Resource & Payroll Services And Solutions - Houston, Dallas, Austin - Texas www.hrp.net. HR&P offers the highest quality Health Care Reform Services to a diverse pool of clients in Texas.

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Health Care Reform Services in Texas - Dallas, Houston, Austin, San Antonio, Texas

  1. 1. How HR&P Can Reduce Your Compliance Burden • Providing a customized summary report on how Health Care Reform impacts your business • Calculating potential penalties under the “Play or Pay” provision • Offering a Full Time Equivalent (FTE) Employee calculator • Performing a tax credit eligibility test for small businesses • Providing a tracking report for all “Variable Hour Employees” in conjunction with 4980H • Distributing required notices to all eligible employees Provides Health Care Reform Assistance Senator Max Baucus, one of the key architects of Health Care Reform, stated at a Congressional hearing that he fears a “train wreck” as the Obama administration implements the Affordable Care Act (ACA). Don’t be derailed by Health Care Reform. HRP offers valuable compliance assistance and customized tools to help employers stay on the tracks. HRP can assist you with the 2013 changes as well as the mandates and regulations that go into effect in 2014 and thereafter.
  2. 2. Summary of Benefits Coverage (SBC) • Distribute material to all existing and eligible new hires within the deadlines • Update material when changes or amendments are made to the plan • Online access so employees can view or print material • Assist with questions from employees or employer • Incorporate with ERISA required SPD’s and open enrollment materials Employee Notice of Exchange • Notice to all new and existing employees that describes all the options available under the Exchange • Guidance on how to sign up for the Exchange and what coverage is being offered • Troubleshoot difficult issues with the Exchange Medical Loss Ratio (MLR) Rebates • Provide carriers with the monthly average total number of employees so they can calculate the rebate • Assist in distributing rebates to each employee through a payroll credit or separate check (client’s discretion) • Explain other options the DOL gives the employer in issuing the rebate • Issue a notice to each employee getting a rebate explaining the purpose of the rebate Employer Shared Responsibility Employers with 50+ FTEs and/or equivalents, must offer affordable, minimum essential coverage or be subject to tax penalties. • Calculating the minimum wages that must be paid to avoid offering “unaffordable coverage” • Helping clients establish a measurement period (3-12 months) and keeping track of existing and newly eligible employees • Providing reports that reflect where each employee stands (FTE Status, Variable Hour Status, Lookback Period, Stability Period) during this process throughout the year to help avoid tax penalties • Notify all newly eligible employees and provide available coverage information Medicare Tax on Wages and Unearned Income Applies to those earning: $200,000 if filing single; $250,000 if married filing jointly, and; $125,000 if married filing separately. • Calculate and apply the 0.9% increase in Medicare tax on wages • Calculate and apply the 3.8% Medicare tax on unearned income Form W-2 Reporting Applies to employers with 250+ W-2s for the tax year. • Track and include the value of group health coverage provided to employees showing the total costs for both employee and employer Flexible Spending Account (FSA) Annual Limit • Conduct open enrollment meetings to educate employees on tax savings, changes, and increase participation in the plan • Hand out material to employees that explain the changes to the annual limit ($2,500), eligible expenses, and answer employee employer questions • Online enrollment with new and existing employees • Mobile Application that gives you direct access to your account, text notifications, and debit card • 3 in 1 (FSA, HSA, HRA) For more information, please go to: Health Care Reform Services also provided by HRP 14550 Torrey Chase, Suite 100 Houston, Texas 77014 Phone: 281.880.6525 | 877.880.4477 hrp.net | info@hrp.net

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