The Paperwork Burden
|Course Name:||The Paperwork Burden|
|Provider Name:||ComedyCE.com LLC|
|CE Credits:||1 hour|
For employers, one of the biggest challenges of the Affordable Care Act has been an increase in their already-burdensome compliance and reporting requirements. There are new documents to distribute, like the Notice of Coverage Options and Summary of Benefits and Coverage, new reports to file, like the 1094C and 1095C, and a lot of difficult calculations to perform. That’s on top of all of the old compliance requirements, like HIPAA, COBRA, and more. No wonder business owners and HR managers are ready to pull their hair out. For brokers, all of the new rules create additional work as they try to answer their clients’ questions while being careful to not to cross a line and give legal or tax advice — it’s a delicate balance. In this class, we’ll take a look at the old and new requirements, try to explain them in simple terms, and suggest how brokers can use these cumbersome paperwork requirements to their advantage.