Group Benefits
With the Affordable Care Act (ACA) set to take full effect in 2014, Payality has partnered with leading insurance agencies to provide comprehensive solutions that help your company navigate through the complex requirements of this new law.
Your company will benefit from Payality’s expertise with the payroll tax implications and reporting requirements of the law. In addition, because Payality has partnered with top-rated independent insurance agencies, your company will get advice from employee benefit experts who have the know-how and carrier relationships to provide coverage that not only meet the ACA coverage standards but give you a wide variety of choices through the private markets or the newly formed healthcare exchanges.
While Payality is providing clients with regular updates on the ACA, here are a few links with helpful information regarding the new law:
Key Provisions of the Affordable Care Act
Tax and Penalty Implications
Affordable Care Act Tax Provisions
Questions and Answers on Employer Shared Responsibility Payment “Penalty”
Small Business Tax Credit FAQs
Tax Credit Calculator
HealthCare Exchanges
HealthCare Exchange Information
Covered California – California’s Healthcare Exchange
Expert Benefits Administration
When it comes to benefits administration, you need the services of an expert you can count on. That’s why Payality has partnered with CONEXIS, an industry-leader and one of the nation’s oldest and most trusted benefits administrators.
Together, Payality and CONEXIS offer products and services that can help you alleviate administrative hassle, attract and retain quality employees, and manage costs. We make benefits administration our business so that you can concentrate on your business.
Key Service Features
- Expert flexible spending account (FSA) and COBRA administration
- 24/7 Web access to real-time account information for you and your participants
- Online case management system
- Compliance expertise backed by the strongest contractual protection available
- Employee communications library
- Open enrollment support services
Flexible Spending Accounts (FSA) Administration
With a flexible spending account (FSA), your employees can pay for eligible health care and dependent care expenses with pre-tax dollars. They save money, and so does your company – with enough participants, this plan can pay for itself. We make implementing and administering your FSA plan easy while using strategies to help meet your organization’s goals and encourage maximum participation from your employees.
FSA Service Features
- Choice of three plan types:
- Health FSA for eligible medical, dental, and vision expenses and hundreds of other items
- Limited-purpose health FSA for eligible dental and vision expenses only – the perfect companion for health reimbursement arrangements (HRAs) and health savings accounts (HSAs)
- Dependent care FSA for qualifying work-related care expenses for qualified dependents
- CONEXIS Elite Visa® Benefit Card – the most advanced benefit card available
- Multiple funding options available to meet any employer’s needs
- Comprehensive nondiscrimination testing options to ensure your plan meets all requirements
COBRA Administration
The time and manpower required to administer COBRA is tremendous. The complex regulations and compliance issues can put a strain on your staffing and your bottom line. We handle the multitude of details so you can concentrate on your company’s other important tasks.
COBRA Service Features:
- All required notices and processes
- Premium billing, collection, and remittance
- Strict processes help ensure only eligible individuals elect COBRA and remain covered under your plan
- Compliance expertise backed by the strongest contractual protection available
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