If you’re running your business, you don’t have time to try and figure out what you have to do to stay compliant with the #ACA. You can’t be an expert at everything. Its hard enough to run a successful business, attract employees, keep profitable and not go crazy. There are only so many hours in the day. Would you ever try and keep up with all of the most recent tax laws and file your own taxes. If you do, you’re way better than I am! Let an expert take this off of your plate. Whether its #BrauerInsurance or another Independent Broker, get someone that specializes in just #EmployeeBenefits and Group Health Insurance. This is complicated stuff, and this industry is already convoluted enough. The penalties are staggering if you’re not compliant
Compliance is the name of the game
Even employers with 5 employees are required to be in #compliance with the #ACA. It could be something as simple as an #EmployeeHandbook. If you’ve ever been in front of the CA Labor Board, you know what I mean. That is the first question that the Board asks you, when you get a complaint from an employee or former employee. When I owned a chain of pizza parlors I made the mistake of not having one. It went downhill from there. If you’re business is 20+ employees, the game changes dramatically. Who does your Federal Cobra? If you don’t know….that’s a problem, because YOU are responsible if someone’s #COBRA gets messed up. Again…not fun…but preventable! We pay for a #TPA to administer the Cobra on behalf of our client, relieving them of liability.
Group Health Insurance Broker services are usually free
When we bring on a new group, there are always #compliance issues. Some issues can be resolved easily, some require a TPA to administer. Group Health Insurance is a total specialty. Any company that has a broker that does other lines of insurance, is risking being out of compliance, and the penalties are insane. There are not enough hours in the day to be an expert at everything…its just not possible. Hire a Health Insurance broker that knows the market. Stalk them (online of course), what do their reviews look like? Not all brokers are experts at Group Health Insurance….only the crazy ones!
Brauer Insurance is an Independent Brokerage that focuses on Employee Benefits and Group Health Plans. Call us (877) 421-4325, www.brauerinsurance.com