Toll Free: 877.880.4477Phone : 281.880.6525

HR&P offers valuable compliance assistance and customized tools to help

employers stay on the tracks.

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How HR&P Can Reduce Your Compliance Burden

• Providing a customized summary report on how Health Care Reform impacts your business• Calculating potential penalties under the “Play or Pay” provision• Offering a Full Time Equivalent (FTE) Employee calculator• Performing a tax credit eligibility test for small businesses• Providing a tracking report for all “Variable Hour Employees” in conjunction with 4980H• Distributing required notices to all eligible employees

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Health Care Reform Services also provided by HR&PSummary of Benefits Coverage (SBC)

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• Distribute material to all existing and eligible new hires within the deadlines• Update material when changes or amendments are made to the plan• Online access so employees can view or print material• Assist with questions from employees or employer• Incorporate with ERISA required SPD’s and open enrollment materials

Employee Notice of Exchange

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• Notice to all new and existing employees that describes all the options available under the Exchange• Guidance on how to sign up for the Exchange and what coverage is being offered• Troubleshoot difficult issues with the Exchange

Medical Loss Ratio (MLR) Rebates

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• Provide carriers with the monthly average total number of employees so they can calculate the rebate• Assist in distributing rebates to each employee through a payroll credit or separate check (client’s discretion)

• Explain other options the DOL gives the employer in issuing the rebate

• Issue a notice to each employee getting a rebate explaining the purpose of the rebate

Employer Shared Responsibility

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• Employers with 50+ FTEs and/or equivalents, must offer affordable, minimum essential coverage or be subject to tax penalties.• Calculating the minimum wages that must be paid to avoid offering “unaffordable coverage” • Helping clients establish a measurement period (3-12 months) and keeping track of existing

and newly eligible employees• Providing reports that reflect where each employee stands (FTE Status, Variable Hour Status, Lookback Period, Stability Period) during this process throughout the year to help avoid tax penalties • Notify all newly eligible employees and provide available coverage information

Medicare Tax on Wages and Unearned Income

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Applies to those earning: $200,000 if filing single; $250,000 if married filing jointly, and; $125,000 if married filing separately.

• Calculate and apply the 0.9% increase in Medicare tax on wages

• Calculate and apply the 3.8% Medicare tax on unearned income

Form W-2 Reporting

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Applies to employers with 250+ W-2s for the tax year.

• Track and include the value of group health coverage provided to employees showing the total costs for both employee and employer

Flexible Spending Account (FSA) Annual Limit

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• Conduct open enrollment meetings to educate employees on tax savings, changes, and increase participation in the plan• Hand out material to employees that explain the changes to the annual limit ($2,500), eligible expenses, and answer employee & employer questions• Online enrollment with new and existing employees• Mobile Application that gives you direct access to your account, text notifications, and debit card• 3 in 1 (FSA, HSA, HRA)

14550 Torrey Chase Blvd., Ste. 360 Houston, TX 77014 USA

www.hrp.net E-mail : info@hrp.net

Toll FreePhoneFax

:::

877.880.4477281.880.6525281.866.9426