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.
About ADP
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.
Media Contact:
Steve Cross
Corporate Communications
862.505.0964
Steven.R.Cross@ADP.com
SOURCE ADP