Automatic Data Processing has launched a new health care reform section on its website to help business owners navigate the changing landscape of health care reform.
The Roseland-based company, which provides business outsourcing and human capital management solutions, aims to help its 600,000 clients and other employers understand the complexities of the Affordable Care Act so they can effectively plan to comply.
“As a company that processes payroll for one out of six American workers, administers benefits for nearly 10 million U.S. workers and has more than 60 years of experience in helping clients adapt to change, ADP is uniquely positioned to help companies of all sizes navigate health care reform and manage any business challenge,” said Jessica Saperstein, division vice president of strategy at ADP.
The website shows the impact specific requirements will have on businesses, and offers insight from ADP experts on health care reform and its implementation. Businesses of all sizes can tracks changes and deadlines as they happen and see the new requirements employers must meet each year through 2015, according to the company.
“We see a strong thirst for information on the topic of health care reform,” Saperstein said. “Some have compared the Affordable Care Act to Y2K, whereby all businesses with employees in the U.S. will need to react, comply and think about how this mandate will touch their business.”
Information on key requirements of the new regulations will be continually updated through videos, webinars, slide shows, info graphics, articles and research, the company said. Subjects include flexible spending accounts, how income impacts participation in employee health benefits and how the new eligibility rules will affect the part-time workforce.
This information is crucial to businesses, because according to a study from the ADP Research Institute, only 17 percent of human resources and employee benefits decision-makers at midsized companies, and 41 percent at large companies, are highly confident they understand their responsibilities under health care reform.