The increasing compliance burden is particularly difficult for small and medium sized organizations, many with a one or two person HR department. Everyone of your clients needs a Compliance Resource tool!
Why Choose us?
COMPLIANT (WRAP) SPD DOCUMENTS
The two questions we hear most often from employers are: (1) What do we have to do to be compliant with Healthcare reform laws?… and (2) What can BASIC do to help us be compliant with ACA and ERISA? The Department of Labor states that: “One of the most important documents participants are entitled to receive automatically when becoming a participant of an ERISA-covered health benefit plan or a beneficiary receiving benefits under such a plan, is a summary of the plan, called the summary plan description or SPD.” The plan administrator [Employer] is legally obligated to provide to participants, free of charge, the SPD. The summary plan description is an important document that tells participants what the plan provides and how it operates. It provides information on when an employee can begin to participate in the plan, how service and benefits are calculated, when benefits become vested, when and in what form benefits are paid, and how to file a claim for benefits.” Additionally, Employers are also required to provide Model notices to employees, with strict guidelines to maintain compliance. If you are ever faced with an ERISA Audit, you will be asked to provide copies of the Group Health Benefit Plan SPD, Model Notices and other documents that were provided to employees. As an employer, do you understand the requirements and DOL’s enforcement (fines/penalties) if you are not able to provide the copies of these documents? Let BASIC’s compliance experts help, it is our job and we are good at … we can help. . Wrap SPD Document Requirements
Our plan document specialists deliver consultative support for your Fully-Insured or Self-Insured SPD requirements. With the increased DOL ERISA audits you can rest-easy knowing your SPDs and Wrap Documents are fully compliant.
$345 (per company) – BASIC Guru clients receive a 5% discount off this already great price!
$745 (per company) - BASIC Guru clients receive a 5% discount off this already great price!
EMPLOYERS ARE REQUIRED BY LAW
to provide employees with a variety of notices advising them of their rights and responsibilities. The Affordable Care Act (ACA) added to the already overwhelming amount of mandatory notices required for employers to remain compliant. Collecting and completing these notices are time-consuming – let us reduce the impact of this burden on your work load. Our Full-Service ACA Notice Service takes the work of completing the required notices out of your hands. Simply fill out our short intake form and we do the rest for you. Within days you’ll receive completed required notices in your inbox. The complete list of the notices included is detailed below.
$340 (per company/single use)
WEB BASED HR COMPLIANCE TOOL
Get support with employee benefits, handbook templates, law details and more with BASIC HR. In a recent survey, 57% of companies said they had dealt with an employee-related lawsuit in the past five years. Plus, employees win lawsuits two-thirds of the time with the average employment verdict exceeding $250,000 and the cost of defense exceeding $100,000. Protect your company from the time, expense and distress associated with employee-related lawsuits with BASIC HR – the one online HR resource every business needs. Our site features thousands of pages of content, forms and posters—it’s like having a mini-HR department at your fingertips. HR Support Center Resources
- Employee Benefits — Federal and State guidelines and how-to information to help you stay compliant.
- Downloadable and Customizable sample Employee Handbook.
- Laws such as COBRA, ERISA, FMLA, HIPAA clearly explained.
- Human Resource information including how to do a performance review, interview, hire and terminate.
- Hundreds of downloadable forms, policies and checklists.
- HR Tools such as the Job Description Builder and Salary Benchmarking tool.
- Downloadable federal and state posters.
Online HR Library BASIC HR is the premier online HR library providing the comprehensive content, how-to guidelines and forms you need to stay compliant. BASIC HR covers an extensive range of topics, including:
PROOF OF RECEIPT FOR A DOL AUDIT
All of your clients should be very concerned about when they will be audited by the DOL. How do you help your clients protect themselves? Once the notices are shared with employees of your groups, our system can be used to capture a digital e-read receipt from each employee! If your employees do not have a valid e-mail address or the e-mail address is not known, then you would want to provide a paper copy of the required notice(s).
Use the BASIC Guru platform to share all required notices including:
- Marketplace Exchange Notice
- Summary of Benefits & Coverage
- Summary Plan Descriptions
- FMLA Required Notices
- HIPAA Required Notices
- PPACA Required Notices
- OSHA Notices
The Final Word on Compliance…
By using our technology and our services outlined above, you will be helping your clients get into compliance and stay there with access to a customized Benefit/Compliance portal that will house all of their important required information.
A recently published ADP survey finds that healthcare reform and increasing compliance complexity “may drive outsourcing of benefits administration.” According to the survey, “forty-five percent of HR/benefits decision makers in midsized companies report that regulatory changes have made them more likely to outsource some or all of their benefits administration, as healthcare reform increases both the complexity and time required to administer benefits.” Read the entire article