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Benefits Brokers, Rejoice! Now You Can Help Ease Clients’ Open Enrollment Stress with ADP Workforce Now Partner Access

Benefits Brokers, Rejoice! Now You Can Help Ease Clients’ Open Enrollment Stress with ADP Workforce Now Partner Access

When open enrollment season’s in full swing, HR leaders are often stretched thin, juggling their daily tasks with additional benefits administration work. Now, brokers can help clients tackle open enrollment challenges with ADP Workforce Now Partner Access. This new ADP® portal helps brokers streamline open enrollment and benefits administration by providing quick and secure access to clients’ HR, payroll and benefits information in ADP Workforce Now, an integrated HCM platform for midsized employers. With their clients’ permission, brokers can easily set up and deploy benefits plans, look up employees’ eligibility and enrollment information, gather data to derive business insights, and run reports across different clients to study industry trends. “Before Partner Access, we had to set up benefits plans individually for each client, creating duplicate manual work and increasing the chance of errors,” said John Spooner, senior vice president of sales at Brown & Brown. “Now, with a single sign-on, we can easily pull census data, verify enrollments, manage benefit plans and run reports across multiple client accounts. It’s...

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Are Your Employees In(Form)ed about Annual Reporting?

Are Your Employees In(Form)ed about Annual Reporting?

By Mary Schafer Help Quell Calls and Confusion with Effective Communications Under the Affordable Care Act (ACA), Applicable Large Employers (ALEs) with 50 or more full-time, including full-time equivalent employees, are subject to the employer shared responsibility provision and related IRS reporting requirements. This includes filing Forms 1094-C and 1095-C with the IRS, and sending the Form 1095-C to their employees, to report information about the health insurance coverage offered under their employer-sponsored plans for the 2016 tax year annual reporting. So, as a large employer, you’ve likely made it through your first year of annual health care reporting and are starting the process all over again. Since this is only the second year your full-time employees will receive a Form 1095-C, a communications plan is key to your success. At a recent ADP webinar, when asked if they felt their company was ready to issue Forms1095-C to their employees by January 31, 2017, only 7-9% of respondents felt they were extremely prepared. While recently the IRS extended the...

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ADP Wants to Meet Employers Where They Are With Its Private Exchange

ADP Wants to Meet Employers Where They Are With Its Private Exchange

Since launching a Private Exchange solution a year ago, ADP has continued to add clients and plot its future moves, explains Will Giaconia, ADP’s vice president of healthcare strategy. Employee Benefit Adviser spoke with Giaconia to find out how the marketplace continues to develop. EBA: It has been a little over a year since launching the ADP exchange. How is it going? Giaconia: It is going well. We have a different take on these than some of the … first movers and players in the space. What we were looking to do … was to bring that kind of a solution to our broader portfolio of benefits administration and related products and services, all within the human capital market environment that we play in. From that perspective, it has been really successful. [It is] really helping our clients who are potentially interested in these things now or in the future to know that they have an option with us. … That was what we were looking to accomplish more...

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Stable, Steady, and Single: The State of the Health Benefits Market

Stable, Steady, and Single: The State of the Health Benefits Market

What is the current state of the health benefits market? ADP’s Christopher Ryan, Vice President for Strategic Advisory Services, highlights the current state of the health benefits market according to ADP’s Annual Health Benefits Report. With the labor market transitioning to accommodate for the influx of millennial workers, the health benefits market is also coming to terms with these changes. Combined with broad changes to health benefits in recent years after the adoption of the Affordable Care Act (ACA), many employers have re-assessed their coverage plans. While many employees have opted into traditional coverage plans, many now look to health savings accounts (HSAs) as a solution. Overall, the data in this year’s report suggests that employer-provided health care plans in the large employer market are stable. Seventy-six percent of those eligible chose to purchase benefits in 2016, and employers are effectively adjusting to changes mandated by the ACA. To learn more, read: Stable, steady, and single: The state of the health benefits market Share this:Click to email (Opens in...

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Time Off, ACA Regulations and Your Small Business Clients

Time Off, ACA Regulations and Your Small Business Clients

John Haslinger, Vice President of Strategic Advisory Services recently caught up with Taija Sparkman, Assistant Editor of CPA Practice Advisor while they were both at the Midwest Accounting Show, in Chicago, IL on August 23. They discussed how the Affordable Care Act continues to be a challenge for many business owners and how, as a trusted advisor, accountants can help them better understand this complex regulation and its IRS reporting requirements. “There is a real opportunity for accountants to be more consultative in how they approach the ACA with their clients. ACA compliance is a huge burden for businesses with less than 200 employees and they may not have the same resources as larger corporations. By differentiating in services for small businesses and knowing who the key players are in the field, accounting professionals have a real opportunity to provide value-added service to their clients,” said Haslinger. To learn more, read: Time Off, ACA Regulations and Your Small Business Clients Share this:Click to email (Opens in new window)Click to...

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