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Health Care Reform Guide

//Health Care Reform Guide

Health Care Reform Guide

Health Care Reform Guide

Small business and their employees need to know the current and future requirements associated with the Patient Protection and Affordable Care Act (PPACA) will affect them. We offer counseling, services and user-friendly materials to help individuals and decision-makers know how to prepare and become compliant with the evolving laws, including:

  • communicate changes to employees
  • alleviate administrative requirements
  • offer cost containment solutions

Within the attached guide you will learn

Requirements in Place – to Act On

  • Small employer health insurance credit
  • Simple cafeteria plan
  • Dependent coverage up to age 26
  • Elimination of pre-existing conditions for those under the age of 19
  • Employer reporting of health coverages on the W-2 form
  • Summary of coverage and benefits documents

In Place – Confirm & Communicate with your Carrier

  • Flexible spending account changes – OTC medications
  • Preventive care covered at 100%
  • Lifetime maximums eliminated
  • Plans cannot rescind coverage
  • Access to provider choice/emergency services
  • Protection of grandfathered plans
  • Medical Loss Ratio (MLR) rebates

Future Requirements – Be Prepared

  • Elimination of subsidy for retiree prescription drug plans
  • FSA caps
  • Written notice of insurance exchanges
  • Medicare tax increase
  • Coverage mandates and the play-or-pay penalty
  • Availability of the insurance exchanges
  • End of pre-existing condition limitations for all
  • Limit on waiting periods
  • Auto enroll
  • Excise tax on high-cost coverage

 Need more help with health care reform?