Mark Beeching

Sal Vergara Joins BENEFITSCAPE as VP for Channel Partnerships

BENEFITSCAPE has appointed of Sal Vergara as Vice President for Channel Partnerships. His appointment marks a significant milestone in BENEFITSCAPE‘s continued development of best-in-class HCM Optimization Services for Employee Benefits Management. “We are thrilled to welcome Sal Vergara to our leadership team, where he will be working closely with Jude Joujoute, our General Manager of […]

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HCMs Arrive at Parity with Best-in-Class Ben Admin Solutions

By BENEFITSCAPE CHAIRMAN Ken Phillips ________________________________________________________________ INTRODUCTION Alongside Human Capital Management [HCM] systems, employers typically use specialized ben admin software and services to manage health & welfare benefits. These best-in-class employee ben admin solutions have robust specialized functionality and deep integration with both the benefits supply chain and compliance reporting. HCMs have found it hard

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A Response To IRS Call for ACA Feedback

By BENEFITSCAPE CHAIRMAN Ken Phillips ________________________________________________________________ The IRS has invited feedback on the ACA reporting and compliance process — more specifically, on the efficiency and utility of FORMS 1094-C and 1095-C. BENEFITSCAPE’s response is a very practical one. Our focus has always been on developing specialist ACA technology — in conjunction with best-in-class managed services

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So What Is Regtech and Why?

The regtech market was valued at $9.8 billion in 2022; the forecast is for $47.7 billion by 2032, at a CAGR of 17.3%. [DataHorizzon Research, November 17, 2023] REGTECH DEFINITION: Regtech uses advanced, often intelligent technologies, such as machine learning, to transform diverse specialist regulatory activities and risk management. Technology’s purpose has always been, of course,

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ACA TY23: A Timely Look at ACA Deadline Penalties

As IRS filing deadlines approach in the New Year, BENEFITSCAPE takes a look at the hefty penalties for employers missing TY23 ACA deadlines. And we also issue three warnings about some misleading ACA information online. WARNING 1:  Some online AI-generated guides to ACA reporting & compliance confuse IRS penalties for late or incorrectly furnished filings [IR

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What does IRS affordability change mean for TY24 ACA compliance?

In late August the IRS announced changes to the 2024 health plan affordability threshold. [See IRS Rev. Proc. 2023-29.] This is the measure used to determine if an employer’s lowest-premium health plan meets ACA affordability requirements. The 2024 threshold will be 8.39% of an employee’s household income. That is significantly down from this year’s 9.12%

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