15760 Ventura Blvd, Suite 610 Encino, CA 91436
FREE CONSULTATION818-436-2775
15760 Ventura Blvd, Suite 610 Encino, CA 91436
FREE CONSULTATION818-436-2775
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Personal, Affordable Payroll Services, Bookkeeping, and Tax Processing for Small Business throughout Los Angeles County.

Payroll Partners Manage Employee Health Benefits and Insurance

health benefitsBusinesses of all sizes face a wide variety of issues and many of these don’t overlap from one industry to another. However, there are some issues that every business must face no matter the size or industry. One of these is employee health benefits. Unless a business has fewer than 50 employees – or in some cases, fewer than 25 – they must provide benefits and insurance for their employees. Unfortunately, the new law governing health care includes 2,400 pages worth of information. Business owners trying to sort through that information to determine whether or not they fall into the under 25 or 50 categories have quite a bit of reading to do. This is just one example of the quandaries that businesses can face as they try to sort out their health benefits and insurance packages. It is also a great reason to involve payroll partners in the venture.

 

Payroll Professionals Can Help With Health Benefits and Insurance Packages

 

Payroll partners can help out in a number of ways. In addition to the services that most business owners would expect, such as payroll tax services, the financial professionals will also offer services such as:

  • Monitoring and applying Affordable Care Act updates
  • Overseeing Social Security Benefits
  • Assisting with 401(k) plans
  • Enrollment in health care plans
  • Notice of coverage changes and options

 

As important as these services are, others may be even more important. For example, some small businesses might need assistance when it comes to providing insurance for their employees. Understanding how to gain access to this help could be just one more responsibility on the stack for business owners, or it could be a task handled efficiently by an experienced payroll professional.

 

Why Pay Another Professional?

Business owners are often on the lookout for ways to hone their budgets to make the most efficient use of money. It may seem counterintuitive to hire another professional to handle finances, but an experienced payroll partner can save the owner time, money, and frustration.