Know Your Compliance Obligations, Minimize Your Risk

Are You Ready for Healthcare Reform?

With the passage of healthcare reform, many questions remain about how this new law will actually be implemented. What appears to be certain is that it will increase the number of Federal regulations and mandates that employers must follow.

Compliancedashboard™ makes it simple.

Whether large or small, self-insured or fully insured, all private sector employers that sponsor health and welfare plans have obligations under ERISA and other laws. In addition, many employers are unaware of these obligations and are surprised to learn of their liability for penalties and judgments when these obligations are not met.

How Can Compliancedashboard ™ Help?

Compliancedashboard™ is a web based tool that helps you the employer understand your compliance obligations by giving you the information you need, when you need it. What’s more, it helps you the employer fulfill your compliance duties through an interactive email and follow-up system that monitors the progress of each compliance activity.

What Will Compliancedashboard™ Do For You?

Save Staff Time

The federal laws that affect health and welfare plans are aggregated into one easy-to-navigate web site; saving countless hours of research and analysis.

Even more time is saved through an automated compliance process that:

  • Sends a notification when it is time to perform a compliance task.
  • Provides all of the relevant information and materials needed to complete the compliance task.
  • Automatically tracks completion dates and sends reminders when a task has not been performed.

Minimize Potential Liability

By raising overall awareness of health and welfare plan laws, Compliancedashboard™ helps assure compliance, thereby reducing the risk of fines and legal action that can arise from noncompliance.

It further minimizes an employer’s potential liability by:

  • Establishing a reliable and verifiable compliance process.
  • Maintaining reports and audit trails to document an employer’s good faith compliance efforts.

Reduce Administrative Costs

Compliancedashboard™ is not a substitute for competent legal advice. However, it allows companies to identify specific areas where expert advice may be necessary. Focusing legal research and counsel on just those areas can reduce legal fees and increase the value of the information received.

Click HERE for more information, to set up a demonstration, and to get a group quote.