MOORESTOWN, NJ--(Marketwired - Apr 30, 2013) - PayChoice, the leader in payroll and HR solutions announced that it will provide compliance and reporting tools to its customers who need help understanding and complying with the implementation of healthcare reform under the Patient Protection and Affordable Care Act (PPACA). The complex legislation will result in extensive changes in healthcare coverage requirements and reporting with many components scheduled for implementation starting next year.
"The PPACA is introducing sweeping changes to managed healthcare, but we have the technology platform and expertise our customers and partners need to deal with the transition successfully," said Robert Digby, CEO of PayChoice. "Our team is ready to help business leaders understand the requirements and support businesses as they comply with upcoming PPACA directives, which will be rolled out in 2014 and beyond."
States are in the process of establishing health insurance exchange markets to serve smaller companies, with federal exchanges planned for states that do not create exchanges. Small business health options programs are also expected to offer alternatives for smaller companies that are seeking new coverage alternatives to avoid penalties. Shared responsibility provisions -- so called "Play or Pay" measures -- may affect companies, as will new requirements around discrimination testing and the excise or "Cadillac" tax on high-cost coverage.
PayChoice has developed Audit and Compliance Reporting tools designed to assist customers with healthcare reform compliance and will launch new solutions as upcoming components of the healthcare reform legislation are implemented over the next several years. The company's team of payroll/HR experts can help educate customers who have questions.
PayChoice, which has decades of experience responding to legislative changes that affect payroll and benefits operations in small to mid-sized businesses, is poised to provide the expertise and technical solutions its customers need to successfully manage changes to healthcare coverage.
PayChoice provides a comprehensive suite of payroll and HR services that is used by hundreds of thousands of businesses nationwide. To find out more, please visit www.paychoice.com.
For more than 20 years, PayChoice has helped small- and medium-sized businesses (SMB) succeed by providing them a Fortune 500-style suite of payroll and HR services that frees the owner to focus on growing and managing their business.
The PayChoice suite of services includes payroll, tax filing, HR data management, time & attendance, workers' compensation and other employee management services and solutions. Because PayChoice delivers these services directly to SMBs through an intensely personal approach, our client satisfaction and retention are among the highest in the industry.
PayChoice is also the market leader in licensing payroll / HR software, and over 200 payroll / HR vendors nationally employ PayChoice's technology as the core of their service offering. All of PayChoice's applications are hosted in PayChoice's state-of-the-art private cloud infrastructure and delivered via a SaaS model. In total, PayChoice technology is used to meet the payroll and HR needs of over 150,000 businesses and nearly 2 million employees nationwide.
For more information, please visit www.paychoice.com or call 888.591.5151.
Christopher J. Pfister
Senior Director of Marketing