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The Associated Press reports that complying with the ACA’s reporting requirements “is costing small businesses thousands of dollars that they didn’t have to spend before the new regulations went into effect” (3/19, Rosenberg). The AP notes the health law requires small business owners to track workers’ houses, absences, and how much they spend on health insurance. On average, “complying with the law costs small businesses more than $15,000 a year, according to a survey released a year ago by the National Small Business Association.” Many small business also lack the human resources departments or computer systems that large companies have, “making it harder to handle the paperwork.”
If this is happening to your business turn to EVCO Enroll and EVCO HR for the solution.
With EVCO Enroll, your employees login and complete new hire paperwork online. Here your employees will also have access to other information such as: PTO policy, payroll schedules, training material, your employee handbook, and more. When it’s time to enroll in benefits, they view your custom open enrollment video. From there they select their benefits and the carrier(s) are automatically notified of the enrollment! Email us for more info.
With EVCO HR, you get your very own HR team who can accurately answer all your employee’s questions in a timely manner. You have access to an HR app and portal. Choose EVCO as your broker, then you are given instant access. It’s that simple. For more info email us.