Government oversight and regulation. Payroll taxes and filings. Sanctions, penalties and fines. Exposure to employment practice litigation. In today’s business climate, who can afford not to be compliant? One incident can potentially wipe out all profits, if not shutter your doors forever.

If you’re concerned with keeping up with the ever-changing regulatory landscape, Central Penn Benefits can help. Trust our HR experts to track the changes in health care reform and to keep your company updated on the latest requirements.

  • Healthcare Reform Notifications
  • Medicare/Medicaid Notifications and Filings
  • Carrier Required Notifications
  • COBRA Notifications
  • Form 5500 Series Filings
  • SPD and WRAP plan documentation
  • ERISA required documentation

HealthCare.gov launched two new tools to assist agents and brokers working with small employers in the Small Business Health Options Program (SHOP) Marketplace.

The two new SHOP tools now available on Healthcare.gov make it easier for small employers to understand and take full advantage of the benefits available from the SHOP.

The Small Business Health Care Tax Credit was created by the Affordable Care Act in 2010 to help defray the health care expenses of small employers with low-to-moderate wage employees.

  • Since this tax credit became available in 2010, small employers have claimed more than $1.5 billion in tax credits for their contributions to employee premium costs.
  • Starting in 2014, the value of the tax credit increased substantially, and is now worth as much as 50% of an employer’s premium costs—but is only available for employers buying a SHOP Qualified Health Plan.