what employers should know about health care reform
DESCRIPTION
Equal access to quality health coverage is a central principal of the ACA. A large part of that equation will hinge on public education and equal access to information. As an employer, did you know that you are now required to give your workers a Summary of Benefits and Coverage (SBC)? An SBC is a standardized, easy-to-read synopsis of your company’s health benefits meant to help your employees better understand and evaluate their insurance choices.TRANSCRIPT
ACA Shorthand: What Employers Should Know about Health Care Reform
Affordable Care Act (ACA)
Employers are now responsible for certain regulations already in effect.
Controversy Heated Debate
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Expansive, Overwhelming, Complicated
Equal Access to Quality Health Coverage
Most business owners don’t have the time to read a several thousand-page
document about health care.
Employee Education
Educating your employees comes at little or no cost to you,
but there are portions of the bill that could impact your bottom line.
Pay or Play Rule
To be in compliance, health plans must also cover at least 60% of
the insured party’s medicals bills.
...offer quality, affordable health insurance or pay an annual penalty.
Guidelines and Regulations
You must now report the cost of medical coverage on your
employees’ W-2 forms.
Don’t be caught off guard by new ACA regulations.
Thank You
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