The Affordable Care Act (ACA) health care reform legislation and related guidance documentation checks in at around 20,000 pages. It would be easy for a health care expert to get lost reading it, much less a business owner. In addition, guidance is still being issued.

Signing on with a PEO enlists the help of a team of specialists whose job it is to understand health care reform and its impact on your business. This means helping you understand what rules affect your business and what actions you may need to take to comply with those rules. In many cases, the PEO will handle any actions that may be necessary.

Additionally, you’ll be covered when state and federal labor laws change because your PEO will be on top of it. There are 250+ state and federal agencies that can levy fines and penalties should you fail to meet their guidelines. With HCBR Group, you can focus on what you do best, while we keep you in compliance.

Starting in 2015, based on current guidelines, employers with 50 or more full-time employees – including full-time equivalent employees – must offer qualifying coverage to their full-time staff or face a possible penalty. Employers with fewer than 50 full-time employees dodge this “play or pay” mandate, though many choose to offer coverage anyway.

No matter the size of the company size, offering health insurance will cost you. Health care reform creates billions of dollars in taxes and fees that will be absorbed by those who purchase coverage since 2014.

Co-employment helps ease the burden by providing employees access to a large-group insurance plan sponsored by the PEO itself. That typically means more coverage options and more savings when compared to the expected volatility of the individual and small group health insurance marketplace. PEO’s have better buying power, which then is shared with our customers!

Additional Advantages

Handling health care reform is just part of what HCBR Group offers our customers. We start by taking on a company’s payroll processing, withholding and reporting. Additional services can include:

  • Benefits offerings (e.g., flexible spending accounts, life and disability insurance)
  • Performance management
  • Training and development
  • Workers’ Compensation
  • Pre-Employment Screening
  • 401(k) plan administration

The same big-company advantages that apply to health insurance can also be enjoyed here. These include access to safety training and risk assessments as part of the workers’ comp package, as well as a better price and greater variety of fund options in the 401(k) plan.