Ever since the institution of the Affordable Care Act (ACA), comprehensive benefits enrollments and terminations have become essential for any company. Given potential penalties and IRS scrutiny, ACA compliance now goes hand-in-hand with benefits enrollments and terminations administration. Soteria HR believes the best way to handle this process is to institute processes that produce smooth transitions while continuing to evolve with a company’s long-term goals.
The Importance of Benefits Enrollments
According to the Society for Human Resource Management (SHRM), benefits enrollments are not a one-time activity. Instead, a holistic, big-picture perspective is needed when working with employees on benefits enrollments as well as benefits terminations. Such an attitude helps to build long-term relationships with employees while bolstering a company’s standing and reputation. When employees are treated as human beings, particularly in the context of benefits administration, it not only avoids negative outcomes. Indeed, such treatment promotes positive word-of-mouth, both within a company and beyond its borders.
By encouraging benefits dialogue with employees, Soteria HR enrichens the benefits enrollments and the healthcare administration experience. A holistic approach to benefits enrollments leads to informed choices and proactive employee healthcare management. Thus, our experienced consultants can offer clients a full suite of ACA-compliant benefits and benefits administration services and consulting options.
From initial benefit enrollments to necessary terminations, client companies are guided to a successful status quo. The key is to remain in compliance while also offering benefits service packages that keep employees happy and make a company a favored destination for new recruits. Indeed, such a balanced approach allows for both sides of the coin to be polished, keeping your company both in compliance with federal regulations and attractive to new employees as well.
Affordable Service Options for Benefits Enrollments
The knowledgeable consultants at Soteria HR present an array of affordable service options when working with new clients preparing for benefits enrollments. These smart service options include the following:
Coordination of benefits enrollments and terminations
Open enrollment processing of employees
Ongoing employee orientation & engagement
ACA-compliance services and guidance
Benefit administration consulting services
Employee Assistance Program (EAP)
Administration of 401(k)/retirement options
Administration of Section 125 Plan
COBRA administration processes
Coordination of benefits renewals processes
Given such a wide variety of options, doesn’t it make sense for a company to work with professionals experienced in benefits enrollments and program administration? After all, if keeping in ACA compliance is vital to protecting your company, then positive and smooth benefits administration is crucial to ensuring your company’s ongoing success.
