Health care reform and the related compliance complexity are causing more employers to consider outsourcing the benefits administration, according to a new survey from ADP, a provider of human resources management, payroll and benefits administration services.

Of these respondents, 45 percent of respondents in mid-size companies and 54 percent in large companies cite that regulatory changes have led them to become more likely to outsource some or all of their benefits administration. Ensuring compliance is one of the primary reasons respondents outsource benefits administration at 54 percent of mid-size companies and 49 percent at large companies. Respondents also say they do so in order to rely on subject matter knowledge and expertise at 50 percent of mid-size companies and at 41 percent of large companies as well as to cut the administrative burden on internal staff at 43 percent of mid-size companies and at 50 percent of large companies.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.