“Unicorn HRO is proactively helping employers to control costs, manage compliance risk, and educate employees surrounding the ACA,” said Frank Diassi, Chairman of Unicorn HRO.
Florham Park, NJ (PRWEB) March 26, 2014
Unicorn HRO, an industry leader in benefits, payroll and HR solutions, today announced it is providing employers with a software-as-a-service (SaaS) Affordable Care Act (ACA) compliance module.
“The complexities of the ACA and its numerous regulations are creating significant challenges for our employer clients,” said Anthony Pascazio, CEO and President of Unicorn HRO. “Our ACA compliance module and services seamlessly integrate with our payroll and benefits systems and deliver a user-friendly and comprehensive solution that eliminates complexity, mitigates the risk of noncompliance penalties, and helps organizations control costs.”
Unicorn HRO’s unique combination of powerful software-as-a-service (SaaS) technology with a full-service lineup, including:
- Employee notifications of health benefit options
- Health benefit outplacement for part-time employees
- Health exchange inquiry verification management
- The ACA compliance module (SaaS) delivers:
- Variable hour employee tracking and management
- Health benefit budgets and targets down to department level and proactive alerts to scheduling managers
-Compliance testing on subsidiary-by-subsidiary basis including 50 FTE rule, 95% rule, applicable safe harbors
-A full audit trail allowing organizations to recreate their compliance status and benefits eligibility by employee at any point in the past – crucial when appealing penalty calculations from the IRS
-Modeling and decision support, helping HR departments test alternatives and optimize plan design and eligibility thresholds
-Internal and governmental reporting
“Unicorn HRO is proactively helping employers to control costs, manage compliance risk, and educate employees surrounding the ACA,” said Frank Diassi, Chairman of Unicorn HRO. “Our integration with Unicorn HRO’s benefit and payroll data provides a view of each organization’s compliance status, forward-looking variable hour employee benefits eligibility, and potential financial impact. Together, we equip every customer with the ability to manage their benefits eligible population and help those that are not eligible to secure benefits through the exchanges.”
About Unicorn HRO®:
Unicorn delivers innovative software and service solutions that help employers comply with the ACA as well as reduce the total cost of health benefits. Solutions include an Affordable Care Act compliance suite, CDH program administration, CDH adoption accelerator, and Health Savings Accounts, Flexible Spending Arrangements, Health Reimbursement Accounts and COBRA administration.
Founded in 1982 and headquartered in Florham Park, N.J., Unicorn HRO specializes in fully integrated benefits, payroll and human resources solutions. With industry-leading client retention, Unicorn HRO currently services the HR needs of more than 900 domestic and international companies representing over one million employees. Unicorn HRO has offices in Durham, NC, Seattle, WA, Houston and Dallas, TX. For more information, visit http://www.unicornhro.com.