Dallas, TX (PRWEB) June 10, 2013
BenefitMall®, the leading provider of the nation’s largest portfolio of employee benefit and payroll products and services, recently announced the expansion of its regulatory compliance suite with allCheck™, the industry’s first online Broker centric compliance analysis tool geared toward the small to medium-sized employer.
“As 2014 draws near, it is absolutely critical for the groups we serve to have a full understanding of the implications surrounding PPACA (Patient Protection & Affordable Care Act) provisions,” said Michael Gomes, senior vice president of Government and Carrier Relations. “The allCheck tool, along with our online community for health care reform, HealthcareExchange.com, are examples of how we are making information available to all audiences to better understand how the Patient Protection & Affordable Care Act (PPACA) impacts business decisions and what to expect in the future.”
There are more than six million small businesses in the U.S. trying to understand PPACA, and how the legislation will have a bearing on their business. allCheck is an educational tool which provides employers with an initial assessment of how this sweeping legislation may impact them. Inviting and simple to use, allCheck takes employers through a 10 minute survey that bases its assessment on some of the most critical factors of PPACA: Eligibility, Tax Credits, Affordability and Reporting.
Once employers answer a few questions about their business, allCheck then generates a customized report that provides an overview of how PPACA will impact them. This report highlights possible actions to consider including reviewing the employers current benefits offered with a broker to ensure they meet minimum standards, evaluating their workforce to determine appropriate eligibility rules, and talking with a tax professional about claiming possible tax credits. Additionally, employers will receive advice about other benefit and payroll compliance considerations including a review of the new Summary of Benefits and Coverage (SBC) and W-2 reporting requirements.
The allCheck analysis tool is a part of BenefitMall’s regulatory compliance suite that includes:
allCheck is complimentary for all registered BenefitMall brokers. Employers can gain access to allCheck through a registered BenefitMall broker. In the near future, BenefitMall will also offer complimentary access to allCheck to CompuPay, A BenefitMall Company, payroll clients. To stay abreast of new developments around health care reform and the BenefitMall Compliance Suite please visit BenefitMall.com and HealthcareExchange.com.
Headquartered in Dallas, Texas, BenefitMall is the fastest-growing provider of integrated payroll and employee benefit products and services. It serves more than 160,000 businesses, representing 2 million employees and their dependents.
BenefitMall and CompuPay merged in 2012 through equity financing led by Austin Ventures. BenefitMall works with a network of 20,000 independent insurance brokers to offer thousands of health care plans from more than 125 leading insurance carriers. CompuPay, a BenefitMall company, is the second largest privately held payroll company in the U.S. providing HR, payroll and payroll related services, including workers’ comp, retirement plans, and Section 125 and 132 plans.
More information about the company is available at benefitmall.com and compupay.com.
Benefits | BenefitMall | CompuPay | Payroll
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