Benefit Plan & HR Compliance

HEALTH REFORM ANALYSIS AND FINANCIAL RISK MANAGEMENT

Health Insurance Reform — aka ObamaCare — will have a dramatic effect on American businesses. As Certified Healthcare Reform Specialists (CHRS), STRATeBEN recognizes the changes this puts on employers. We have developed tools to analyze the impact of the law as well as financial modeling tools to guide employers in navigating important business decisions to ensure their overall success and survival.

STRATeBEN has invested the time and resources to become experts in the Health Care Reform legislation. It is a complex and confusing set of regulations that require careful and detailed analysis to navigate.  Please visit our Health Insurance Reform page (under Resources) for information on the law.

COMPLIANCE AND FINANCIAL MODELING:

  • Plan quality testing to identify potential problems resulting in penalties
  • Plan financial affordability testing to identify problems resulting in penalties
  • Part-time worker analysis to identify financial risk of additional insureds
  • "Unqualified" waiver analysis to identify financial risk of additional insureds

HR COMPLIANCE AND SUPPORT

Plan compliance is an important component in managing all employee benefit programs today. The legislative environment has become extremely complex, and we have a dedicated compliance expert that is well versed in all aspects of ERISA based plans. We support our clients in all areas such as ERISA, Department of Labor, and IRS regulations.

STRATeBEN’s compliance solution includes Summary Plan Descriptions, HIPAA compliance, COBRA compliance, and Flexible Spending Account compliance.

COMPLIANCE CAPABILITIES:

Document Preparation

  • Summary Plan Descriptions
  • Form 5500 support
  • Section 125 Plan Documents
  • Medicare plan compliance

Legislative Updates:

  • Family and Medical Leave Act
  • HIPAA
  • COBRA