The regulatory agencies continue to release proposed and final regulations, notices and FAQs on PPACA at a very rapid pace, creating compliance challenges for most employers, says Linda Rowings, Director of Compliance for UBA.
Indianapolis, IN (PRWEB) April 08, 2013
United Benefit Advisors (UBA) announces the launch of its compliance solutions aimed at helping employers understand their obligations and opportunities under the Patient Protection and Affordable Care Act (PPACA). As the complexities of the law unfold leading up to full implementation in 2014, UBA will release a variety of tools, materials, and valuable analysis designed to aid employers in making decisions based on their particular situation.
Research shows that more than half of employers have not calculated their costs under the Patient Protection and Affordable Care Act, and many are still struggling with the question of whether or not to “play or pay” -- that is ‘play’ by the rules or ‘pay’ a fine. By now, most companies ought to know that ‘pay’ is not the easy answer, and many may find new opportunities as health exchanges come online. Understanding the law, and knowing what other businesses in the same region and industry are doing, has never been more critical.
“The regulatory agencies continue to release proposed and final regulations, notices and FAQs on PPACA at a very rapid pace, creating compliance challenges for most employers,” says Linda Rowings, Director of Compliance for UBA.
The PPACA Resource Center includes up-to-date information on a number of elements, including:
- Counting Employees
- Exchange eligibility/IRS Non-calendar-year plans
- Wellness Proposed Rules
- FSA and SBC Highlights
- W-2 Reporting Requirements
- Medicare Withholding Summary
- Essential Benefits/Actuarial Value
The UBA resource center can be found at http://www.ubabenefits.com/Wisdom/ComplianceSolutions/tabid/246/Default.aspx. Stay up to date on new information by subscribing to the UBA PPACA Resource Center RSS feed.
In addition to the PPACA Resource Center, UBA provides customized benchmarking data to help businesses compare their employee health benefits to competitors, and find savings through plan design. UBA’s 2012 Health Plan Survey, the largest in the nation with nearly 12,000 employers participating, along with the collective wisdom of its 140 industry leading partner firms, helps business owners and human resource executives make informed decisions that directly impact the bottom line by controlling the upward spiral of health care costs.
About United Benefit Advisors
United Benefit Advisors is the nation’s leading independent employee benefits organization with more than 200 offices throughout the U.S., Canada and the U.K. Visit http://www.UBAbenefits.com.