Top 5 Ways Questco helps our clients with the Affordable Care Act.
EXTENSIVE ASSISTANCE IN COMPLYING WITH THE AFFORDABLE CARE ACT.
You are required to perform complex calculations to determine the size of your business for ACA compliance. Depending upon your assumptions, you could find yourself exposed to penalties for failing to provide adequate and affordable coverage to full-time employees. Questco is in a unique position to help with numerous compliance tasks, including:
- Compilation of the data necessary to determine exposure to potential penalties.
- Reporting of the value of health benefits on Forms W-2.
- Development and distribution of required employee notices.
- Guidance in understanding contribution strategies.
- Communication of other information to assist you in making decisions about health-care coverage at your company.
EMPLOYEES DON’T NEED GOVERNMENT MARKETPLACE (EXCHANGE) TO SECURE BENEFITS.
With Questco your employees do not need to obtain Affordable Care Act (ACA) coverage through a government marketplace. These marketplaces provide only medical and stand-alone dental benefits. Other benefits require separate solutions with separate bills and administration. On the other hand, Questco offers:
- Access to more plan designs at competitive prices.
- One-stop shopping for most, if not all, benefit and insurance needs, including medical, dental, life, disability, vision, and other insurance such as workers’ compensation.
ACCESS TO LARGE-GROUP BENEFITS.
Because we are a professional employer organization (PEO), your employees are our employees. That means you and your employees can participate in our large-group plan, with access to unique plan designs often unavailable in the small-group market.
GUIDANCE IN ASSESSING YOUR EMPLOYER SHARED RESPONSIBILITY (“PAY OR PLAY”) STATUS.
Questco is uniquely positioned to help you determine whether the employer shared responsibility provision of the ACA, as well as other critical health care reform provisions, affects your business. The IRS is the enforcement agency for ACA, and since your employees are our employees, Questco is your shield from the IRS.
LEADERSHIP THROUGH THE MAZE OF AFFORDABLE CARE ACT IMPLEMENTATION!
For products and plan design, HR administration, and compliance, Questco provides employers with unparalleled services and value.