Voluntary Certification gives businesses more confidence when dealing with a PEO
Currently businesses bear the responsibility when PEOs have failed to pay all wages and taxes, even when they may have already been paid to the PEO beforehand. Under a new voluntary certification effective January 1, 2016, when a Certified PEO (CPEO) Regulation (H.R. 5771, Division B, Title 2, Section 206) contracts with a business, the […]
Four Numbers that may cause you to say Four Letter Words
The U.S. Treasury Department and Internal Revenue Service has issued the final regulations on the employer mandate under the Affordable Care Act. The new 6055 & 6056 regulations are 227 pages long and Employee Benefit Advisors believes will prove to be the most cumbersome and costly part of Obamacare. We say costly because we believe […]
How to choose a PEO – Part 3 (Payroll & Reporting Capabilities)
Payroll contains all the information needed to run the analyses need to comply with the complexities of PPACA. Thus your PEO should be able to run the reports to navigate through the ACA. Some PEO providers offer insight into only the parts of the law their system can interpret, the top tier vendor’s offer a […]
How to choose a PEO – Part 2 (Health Insurance)
Get a clear understanding of the health insurance. How is it rated? Ask about tier placement and get a guarantee you can only be moved down a few tiers in any one year. Ask for claims/utilization records supporting the decision. Key points for Health Insurance Renewals What rate increases have your clients experienced in the […]
How to choose a PEO – Part 1 (Transparency)
Many variables exist when choosing a PEO. – The first step is deciding IF a PEO is the right decision. It’s never always yes or no. You may have the goal of being in a PEO for the short term or long term. If short term you may be trying to correct WC, health insurance […]
IRS Clarifies PEOs Position on Eligible Employer-Sponsored Plans
Final IRS regulations clarified PEOs can offer eligible employer-sponsored coverage on behalf of an employer. In the introductory statement to the final regulations it unambiguously states that organizations such as PEOs can offer coverage under an eligible employer-sponsored plan on behalf of an employer, yet not be viewed as the employer by reason of offering […]
Payroll Vendors Play Critical Role In ACA Analysis
Payroll vendors and PEO providers have all the information needed to run the critical analyses need to comply with the complexities of PPACA. Your companies partnership with your payroll or PEO vendor should equip you with tools to help consult and support you through the many phases of the PPACA. While some providers offer insight […]