The inception and implementation of the ACA has been widely regarded as a welcome move, but US companies are experiencing a great deal of trouble in complying with the change. The strict legal guideline states that companies with more than 100 employees that fail to comply with the changed norms by January, 2015 will be penalized.
The qualified assistance from professional health insurance brokers can be of great help in quickening the ACA compliance process. Their expertise in directing you towards making the right business choices is primarily guided by three factors: their market knowledge, their legal understanding, and their industry insight. If you are determined enough to seek professional assistance from health insurance brokers, then the concerned person is responsible when it comes to ensuring complete ACA compliance. However, in order to understand the extent of a broker’s responsibility, it is important to know the professional liabilities of the person at first:
The Liabilities:
- Providing you with all the necessary information concerning the appropriate healthcare plans along with premium quotes at least one, or more than one, if necessary
- Keeping open the options for alternatives just in case you can switch to other plans, if necessary, and a transparent understanding of the planning options
- Helping you with seamless implementation of the plan and avoiding unwanted consequences of failed or partially successful ACA compliance
- Keeping a close watch over the account and addressing issues concerning billing, insurance eligibility, and claiming eligibility in a timely manner
- Helping you with saving time by taking over the burden of completing legwork or the extensive information collection process necessary for compliance
- Assisting you in receiving the most of your health insurance coverage amount
- Keeping track of the renewal date of the insurance and providing the necessary guidance at the right time
Corban OneSource is a US based company that focuses on helping customers with their human resources needs. The company offers a host of services from HR support to payroll, benefits, background screening, and personality testing. Corban OneSource uses systems that have been developed over decades combined with the latest technology to ensure they provide their customers with the best experience. The company has customers in more than 30 states throughout the United States and is considered the largest HRO company on the East Coast.
( Blog post Source: http://payrollservicesmi.blog.com/2015/01/05/is-your-broker-responsible-for-your-aca-compliance/ )