February 2019 Issue of In Business Magazine

Page 56

The Advantages of One Benefits System

(to be sure your business is ready complaint with 2019 mini-COBRA requirements) by Denise Haney, TASC Regional Sales Director, Total Administrative Services Corporation

Andrew Westle | Chair General Counsel Soaren Management, LLC

Your job is hard! As a small-business owner, you have a lot of different balls to juggle and things to

Jennie King | Vice Chair Salt River Project

manage, and you don’t have time for complex and confusing benefit plans — which we all know isn’t

Mike Leeds | Past Chair Pro Sales Coaching, LLC

going to get easier any time soon, especially since there’s currently more than 70 years’ worth of laws

David Bones | Treasurer The Kenrich Group Phoenix

on the books! And every time there’s new legislation, it feels like you have to find another vendor with

Daniel Schenck | Board Development Clark Hill PLC

another solution, and there’s yet another thing to buy, right? Small business can benefit from using one

Kerry Stratford | Secretary The Caliber Group

vendor for all their benefits administration. One system is the answer. With an integrated program

Jason Trujillo | At-Large Woodbury Financial

management system, you can easily get information on your current benefits, which allows you to

Otto Shill Jennings, Strouss $ Salmon, PLC

make timely decisions for your business. You don’t have to waste too many hours extracting data and consolidating information before you can make an informed decision. In order to function optimally, however, human

universal solution to handle your benefits tasks is a nearly immediate improvement in terms of

and resources in place. TASC (Total Administrative

administrative efficiencies in compliance with

Services Corporation) Universal Benefit Account

the new 2019 state mini-COBRA law. This new

has taken all the disparate functions of plans like

law requires businesses that have 19 or fewer

FSAs, HSAs, tuition reimbursement, charitable

employees to make continuation of medical

giving and more, and unified them into one simple

insurance coverage available to employees who are

platform. You as the employer can choose from

enrolled in their employer’s fully insured medical

more than 30 accounts and offer benefit plans, on

plan three months or longer when they leave or

par with large companies, without the hassle and

are terminated from that employ. To address this

work of multiple vendors.

new state requirement, TASC created our Arizona mini-COBRA administration package, which

benefits once the universal system has been

affords you the opportunity to have one company

implemented. Employees would have one card, one

completely administer this new COBRA requirement

website and one mobile app, ultimately improving

for a nominal one-time set-up, monthly and annual

company satisfaction. A one-system platform is

renewal fee. That way, you know you’re completely

designed around how people think and work, so

compliant and can rest assured that, if any

you spend less time getting more: more employee

questions arise pertaining to this new law, you have

satisfaction, more opportunities to make a difference

the correct resources in place!

and more time to focus on what matters to you. The

8

One of the most obvious benefits of using a

resources departments must have the right tools

Companies can immediately enjoy many HRIS

BOARD OF DIRECTORS

To learn how TASC can assist your business

TASC Universal Benefit Account makes benefits

with state and/or federal benefit/compliance

really feel like benefits!

requirements, visit www.tasconline.com.

Janice Washington Arizona Small Business Development Center Network Valerie Wynia Arizona Public Service Lisa Hunt BANNER / AETNA Jon Rosenburg Levrose Commercial Real Estate Eric Knott Arizona State University, W. P. Carey School of Business; FinePoint HR Rick Murrary Arizona Chapter National Safety Council Frank L. Divers Business Development Specialists, Inc. Genia Kehayes Experience Scottsdale Patrick J. Van Zanen MARGRAVE CELMINS, P.C.


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February 2019 Issue of In Business Magazine by InMedia - Issuu