More Than 15 Million Employees and Their Dependents Enrolled Through ADP in U.S. Health Benefit Plans for 2014
ADP's Solutions Tailored for Businesses of All Sizes Help to Simplify Benefits Administration for Client Companies, Their Employees, and Dependents
ROSELAND, N.J., Jan. 30, 2014 /PRNewswire/ -- ADP®, a leading global provider of human capital management (HCM) solutions, today announced that its products enabled more than 15 million employees and their dependents to enroll in U.S. health benefit plans for 2014.
"Whether you're a small business offering health benefits for the first time or a large corporation managing benefits for thousands of employees, benefits administration can be a daunting task," said Carlos Rodriguez, President and CEO, ADP.
ADP's leading HCM and benefits solutions provide easy-to-use health benefits enrollment and eligibility platforms and related services for employers of all sizes. These are offered throughout ADP segments and solutions, including ADP TotalSource® (the largest Professional Employer Organization in the United States), ADP Insurance Services, ADP Benefits Services, ADP Workforce Now®, and ADP Vantage HCM®.
As employers work to address the shared responsibility provisions of the Affordable Care Act (ACA), integrating benefits administration with other core HR functions from payroll to time and attendance is increasingly important for timely, accurate compliance and reporting. ADP has a history of delivering enhancements across its HCM platforms to support compliance with ACA mandates and other major regulations. ADP will continue to offer new functionality as additional ACA requirements take effect.
In addition to helping employers automate annual open enrollment processes through employee self-service portal interfaces with hundreds of health insurance carriers, ADP also empowers clients to more strategically administer employee benefits throughout the year. For example, ADP enables companies of all sizes to analyze a single, integrated HR data set to uncover actionable insights that can help them refine their benefit plan design to more cost-effectively meet employee needs.
"ADP has nearly two decades of experience helping companies of all sizes streamline benefits administration and navigate other complex business processes so they can focus on their core mission," added Rodriguez.
ADP can help businesses manage HR costs and compliance through dependent eligibility audits and delivery of required information to employees, such as "Summary of Benefits & Coverage" forms. In addition, ADP supports a full spectrum of spending and reimbursement accounts, including Flexible Spending Accounts (FSA), Health Savings Accounts (HSA) and Health Reimbursement Arrangements (HRA).
As a complement to these benefit offerings, through ADP's affiliate, the Automatic Data Processing Insurance Agency, Inc., ADP provides companies access to world-class group health and ancillary insurance products for business owners and their employees. ADP TotalSource's co-employment model provides its clients with access to Fortune 500®-caliber benefits, full plan administration and other employee benefits.
To learn more about how companies of all sizes use ADP HCM platforms to simplify benefits administration and efficiently manage other core HR functions, visit www.adp.com/solutions/services/human-capital-management.
With more than $11 billion in revenues and more than 60 years of experience, ADP® (NASDAQ: ADP) serves approximately 620,000 clients in more than 125 countries. As one of the world's largest providers of business outsourcing and Human Capital Management solutions, ADP offers a wide range of human resource, payroll, talent management, tax and benefits administration solutions from a single source, and helps clients comply with regulatory and legislative changes, such as the Affordable Care Act (ACA). ADP's easy-to-use solutions for employers provide superior value to companies of all types and sizes. ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine, recreational vehicle, and heavy equipment dealers throughout the world. For more information about ADP, visit the company's Web site at www.adp.com.
The ADP Logo, ADP, ADP TotalSource, ADP Workforce Now, and ADP Vantage HCM are registered trademarks of ADP, Inc. All other marks are the property of their respective owners. Copyright © 2014 ADP, Inc.
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