How is the Affordable Care Act (ACA) impacting your business? The flow of new rules and regulations continues to intensify. And with the ever-changing nature of these regulations from various governing bodies, businesses face a tremendous challenge meeting compliance requirements and navigating a complex web of constantly evolving laws.
Compliance is about more than prevention and guarding against risk. It's about navigating opportunities. Regulatory compliance is not just about playing defense. It also offers an opportunity to consistently strengthen your organization through strategic, proactive measures. Measures that can uncover value, even as they help assure compliance.
Developing a compliance strategy takes vision, knowledge, expertise, and a commitment to excellence that is often lacking through a large brokerage. MCG can help ensure your compliance operations are strategically integrated into your company's long-term business plan.
Elevate Your Compliance Communications
Good communication is a hallmark of trust. Your employees naturally look to you to explain complicated regulations and keep them informed of upcoming changes. The more understandable you can make your compliance communications, the more you will build trust between your company and employees. MCG can help by providing customized annual notices that your employees can understand.
How MCG Can Help
Regulatory compliance is one of our key business areas. Listed below are some of the regulatory compliance items MCG handles for our clients:
See our Regulatory Compliance Alerts in our News & Views section for more information on upcoming regulatory deadlines:
With the regulatory environment continually changing, compliance remains a moving target. MCG is here to help you stay ahead of the curve, with a relentless focus on adding value through regulatory compliance particularly when it comes to strategy and communications.
Click here to contact us or join our email distribution list and learn how MCG might serve you.
Although the healthcare coverage debate rages on in our nation’s capital, the Affordable Care Act (ACA) is still the law of the land. It is important that employers remain vigilant in their ACA compliance efforts. In particular, the “affordability standard” is a component of ACA that has been frequently overlooked. Employers should be reassessing their employee contribution structure annually to ensure compliance and avoid costly penalties. In order to determine affordability, the IRS sets an “affordability percentage” annually. The affordability percentage is applied to the employee’s…
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As we ease into our summertime schedules, Open Enrollment is lurking around the corner (for those of you with calendar-year plans). Creating benefits communications that are engaging and helpful to employees is not difficult, but does take some planning and coordination. MCG can assist with the planning process as well as with communications strategy and creation. Whether you hire a consultant such as MCG or do your benefits communications in-house, we’d like to share a recent article by Willis Towers Watson that summarizes common errors…
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