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Compliance is Evolution

Compliance Review & Guidance

The rules and regulations governing employee benefit plans are myriad and often complex. Risk Strategies cuts through the complexity, helping you understand and meet your compliance obligations while keeping you up to date and in the know on laws and regulations that affect your benefits program.

Risk Strategies clients benefit from compliance guidance and support in a number of ways, including:

  • Legislative Briefs and Compliance Bulletins: Easy-to-read resources summarize local and Federal developments and regulations and help you quickly identify what the law means to your company --- and what steps need to be taken to ensure compliance.
  • Online Compliance Portals: 24/7 access to materials, including training videos, answers to questions around COBRA, FMLA, ACA, HIPPA, ERISA, Medicare, and more.
  • HR/Benefits Hotline: Whether about a plan benefit or HR practice your team is just a quick call away to provide the knowledge you need.

Benefit Plan Administration

Ensuring compliance requirements are met is as critical to benefit plan success as employee satisfaction and meeting cost objectives. Risk Strategies helps reduce the compliance burden in a number of areas, including:

  • Notice and Disclosure Rules: A personalized compliance calendar with the necessary documents for distributing various forms, notices, and disclosures as required.
  • Affordable Care Act (ACA): Timely access to up-to-date, organization-relevant compliance checklists and help in meeting annual reporting requirements, including the creation and distribution of Form 1094-C and Form 1095-C documents. We also support our clients with PCORI fee filings, affordability calculations, “pay or play” tracking, and more.
  • Leave and Absence Management: Tools and guidance that will help you navigate evolving state and federal laws and easily coordinate and manage leaves and absences associated with disability plans, sick leave, parental leave, vacation time, and more. We’ll also save you time and money with a review and assessment of your benefit plans and current absence management efforts. Finally, we’ll help you develop and execute a comprehensive absence management strategy that will lead to a healthier workforce, lower absence rates, and improved productivity.
  • COBRA: Vital, complex and time-sensitive, COBRA administration can be a challenge. Risk Strategies helps you get it right. We’ll help audit current practices, ensure managers and employees clearly understand the process and, if your COBRA administration is outsourced a third-party vendor, use our technical expertise to integrate your systems and facilitate data transfer.
  • HIPAA / Privacy and Security: HR information is sensitive data. To ensure your managers and employees know how to handle it, Risk Strategies provides a variety of training materials and tools, including videos, presentations, and checklists, to help your team understand how laws such as HIPAA affect benefits enrollment data, wellness programs, claims issue resolution, and more.
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