As cost-conscious businesses get ready to delve into compliance regulations in the wake of the health care bill’s passage, HighRoads offers midmarket companies a solution to ensure the necessary compliance.
With HR Compliance, companies of any size can get assistance in navigating the complex regulations related to health care reform by leveraging technology to simplify and automate the creation and update of existing employer medical Summary Plan Descriptions (SPDs). The SPD is the main vehicle for communicating plan rights to participants.
The company said HR Compliance streamlines the process for businesses to communicate health care reform-related plan changes to their employees. If these changes, which are communicated via SPDs, are not distributed to employees by the first day of the first plan year starting Sept. 23, 2010, penalties will be issued, HighRoads warned.
To read the original eWeek article, click here: HighRoads Offers Businesses Health Care Compliance Help