July 23, 2017           
 
 
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Compliance Matters
Human Resource professionals know they must comply with health and welfare plan laws or else expose their company to significant potential liability.

Unfortunately, Human Resource departments are being asked to do more with less, and most lack the time, money and resources to ensure these obligations are performed timely and accurately.

Our compliance dashboard uses web technology to simplify this labor and time intensive process. Its multifaceted approach provides the compliance information you need, when you need it.
 


Are You Ready for Health Care Reform?

With the passage of healthcare reform, many questions remain about how the new law will be implemented. What appears to be certain is that it will increase the number of federal regulations and mandates that employers must follow.

 
How Does Compliance Dashboard Help?
Our compliance dashboard is a web based tool that helps employers understand their compliance obligations by giving them the information they need, when they need it. What’s more, it helps employers fulfill their compliance duties through an interactive email and follow-up system that monitors the progress of each compliance activity.
 
Minimize Potential Liability
By raising overall awareness of health and welfare plan laws, our compliance dashboard helps assure compliance, thereby reducing the risk of fines and legal action that can arise from noncompliance.

It further minimizes an employer’s potential liability by: 
  • Establishing a reliable and verifiable compliance process 
  • Maintaining reports and audit trails to document an employer’s good faith compliance efforts
 
Save Staff Time
The federal laws that affect health and welfare plans are aggregated into one easy-to-navigate web site; saving countless hours of research and analysis.

Even more time is saved through an automated compliance process that: 
  • Sends a notification when it is time to perform a compliance task 
  • Provides all of the relevant information and materials needed to complete the compliance task.
 
Reduce Administrative Costs
Our compliance dashboard is not a substitute for competent legal advice; however, it allows companies to identify specific areas where expert advice may be necessary. Focusing legal research and counsel on just those areas can reduce legal fees and increase the value of the information received.
 

Phil Brown Insurance Agency | Louisville KY | Health Insurance For Employers | 502-327-6966

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