The questions surrounding health care benefits have traditionally been the most complex that face employer groups. The implementation of health care reform has only made the questions more complex and the answers more difficult to find.
That’s why you need the comprehensive, unbiased approach to health care benefits offered by HKP. Our industry experts work collaboratively on your behalf to give you the full picture. This includes:
Business philosophy behind health care
- Sponsorship of health plan
- Actual/target budget for health coverage
- Contributions toward health coverage
- Inclusion in total compensation package
- Shared responsibility applicability
- Common ownership/aggregation analysis
Health care benefits strategy development
- Defined benefit vs. defined contribution
- Options available if sponsoring a health plan
- Options if NOT sponsoring a health plan
- Total cost analysis and Pay vs. Play analysis
- Tax implications of strategy
Implementation, compliance and ongoing monitoring
- Vendor review and selection
- Communication strategy development and implementation
- Development of ongoing compliance monitoring program
- Continuous review of tax and regulatory environment
With our health care industry experts on your side, you are now considering the costs and benefits and addressing the potential pitfalls. Get the full picture by working with the health care expertise at HKP.
Employer benefits blogs
- Cash in lieu of benefits: Considerations for employers
- Employers should plan on IRS 1095c reporting for 2017
- House health care bill and April Treasury report bring big news for ALEs
- The Affordable Care Act: What will happen next?
- Quick tips for new health reimbursement arrangements
- Continue with business as usual following President Trump’s executive order on the ACA
- ACA: What’s next?
- Changes in ACR could encourage small businesses to reconsider health coverage
- Applicable Large Employers potentially subject to fines or penalties from the ACA
- How the ACA affects personal health care for owners and shareholders
- Are you ready with ACA compliance for year-end 2015?
- ACA IRS reporting requirements: Forms 1094 & 1095