Employee Time Management Administrative Systems Comply with Healthcare Reform Laws and Mandate

LAS VEGAS - Nov. 3, 2013 - PRLog -- Las Vegas November 3, 2013 Employer Healthcare & Benefits Congress Partners with Wroxtime to provide employers a solution to comply with the mandated safe harbor rule to measure full time and part time employees.

OnJanuary8,2013,theIRSissuedfinalregulationscreatingasafeharbormethodthatemployersmayusetodeterminewhichemployeesareconsidered“full-time”and,asaresult,mustbeofferedcoverageundertheemployermandate.

The Look Back safe harbor was created to ensure all Americans are given the opportunity to have and/or purchase health insurance. It was established by the IRS under the authority granted by the Patient Protection and Affordable Care Act (PPACA), sometimes referred to as ‘ObamaCare’. As of January 1, 2014, large employers must either offer coverage to all full time employees (over 30 hours per week average) or pay a penalty. The Look Back safe harbor can be used to determine who would be considered “full-time” under the law. While the penalty is effective in 2014, employers should start measuring employee hours now to ensure that they are not at risk for possible fines and/or penalties. Failure to provide affordable health coverage could be costly (amounting to penalties of up to $2,000 per full-time employee.

WorxTimewasdevelopedtoassistemployersinmanagingemployeehoursandbenefiteligibilitywitheasydatauploadwizards.WorxTimebeginsthetestingandmonitoringprocessonceemployerscompletethesetupwizard.Variousreportsprovideemployerswithvaluabledata;suchas,whennewhiresbecomebenefits-eligible,whichemployeesarelikelytoqualifyfor“full-time”statusbasedonthetrendofhoursworked,whethercoverageofferedqualifiesas“affordable,”andmoreallattheclickofabutton.AsHealthCareReformlawschange,newreleasesofWorxTimewillallowyoutofocusonwhatyoudobest:YourBusiness.WithWorxTimeReservations function, employers can reserve hours foremployees when they needthemmost,allowingtheemployertoremainproperlystaffedwithouttheemployeeshiftingto “full-time”status.

ForMoreInformationvisitwww.worxtime.com