Compliance
Trying to keep up and comply with state and federal employee benefit regulations can be daunting. Compliance issues can influence decisions on plan design, implementation and operations which necessitate employers to remain current. The rules' complexities--and the risks and consequences of noncompliance--grow ever larger. Pierce Group Benefits provides valuable, prompt and practical compliance assistance to our clients through direct contact, publications, email alerts, access to seminars and more.
We stay atop new laws and regulations and endeavor to understand not just the rules, but how they'll affect our clients on a practical level. Our Benefits Consultants work with our clients to keep them apprised of the rules that affect them, and to efficiently and pragmatically resolve their compliance issues.
Legislation like HIPAA, COBRA, USERRA, the Medicare Modernization Act, and the Affordable Care Act has heightened the anxiety level of many HR departments. Already asked to do more with fewer resources, HR departments must now ensure the separation of health plan and employment information, ensure the privacy of that information, comply with more than a dozen notice obligations (requiring notice to different persons, at different times, in different ways) and more. Our Benefit Consultants will analyze your situation and provide solutions and suggestions tailored to help you ensure proper compliance with applicable requirements.
COBRA administration is becoming increasing complex and time-consuming for employers as changes are made to COBRA, its corresponding regulations, and related court cases. Today, many insurance carriers are no longing providing this service. Pierce Group Benefits has relationships with many Third Party Administrators that can provide this service to you at our negotiated rates. By outsourcing COBRA administration, businesses not only save money, but also time.
- Control administrative costs
- Minimize the risk of penalties and fines for non-compliance
- Deploy your labor force more efficiently