Get more! Sign up for PLANSPONSOR newsletters.
Products August 14, 2013
Software Will Help with PPACA Compliance
August 14, 2013 (PLANSPONSOR.com) – A new software package will help ensure employer compliance with mandatory notice requirements of the Patient Protection and Affordable Care Act (PPACA).
Reported by Kevin McGuinness
COBRA Solutions, Inc. has developed the Marketplace Notice Manager, an automated, user-friendly solution that can produce the required notices, as well as track and generate reports. The software can be upgraded for future notification requirements.
The PPACA requires that companies with more than $500,000 in annual revenues provide a notice to employees of coverage options available through the Health Insurance Marketplace (i.e., exchange) no later than October 1. All active employees, including both full-time and part-time, must receive this marketplace notice, regardless of whether the employee is enrolled in an employer-sponsored group health plan or not.
“Our country’s health care system is changing and employers are struggling to implement systems to comply with the new mandates that are a key part of health care reform,” said Scott Beaver, president of COBRA Solutions. “The new Marketplace Notice Manager software program will give our customers a system to keep their company in federal compliance.”
The software is available in a downloadable link for $189. A “how to use” video is available here.
More information is available here.