Empowering businesses to thrive as we navigate Health Care Reform. Healthcare reform is dramatically changing the way businesses and individuals consume and pay for health insurance.
Even though the penalties for large employers not providing health insurance have been postponed until 2015, all businesses large and small must comply with this sweeping new law and businesses need to understand the mandates, as well as all of the new options available to them.
Many employees will become eligible for new federal assistance known as subsidies to help them cover the cost of health insurance.
These subsidies can be significant and reach well into middle class American families.
The subsidies, coupled with the individual mandate requiring almost every person in the United States to carry health insurance, are likely to entice millions of people to rethink the traditional way in which they obtain health coverage.
Employers also will need to reconsider the best way to assist their employees with health care coverage now that new marketplaces, subsidized coverage, penalties and fines, and strict insurance requirements are the new norm.
What’s concerning is that 85% of small businesses have no idea how to comply with, and are unprepared for, the new healthcare reform law.
But don’t worry, Benefitnext, a web-based subscription service, provides the tools you need to help you understand, comply with, and do the calculations necessary to successfully navigate and take full advantage of reform.
First, it is critical that businesses understand how to comply with the law.
Our solution provides each business with a customized health care reform action plan, identifying what you have to do and when to create a path towards compliance.
Secondly, businesses must do the calculations, the "new math" to determine the significance of premium tax credits and cost sharing reduction subsidy eligibility and the best path to consumer health insurance going forward.
And we are here to help. Benefitnext has assembled some of the strongest minds in the necessary disciplines. Proven professionals in health care reform, law, accounting, human resources, employee benefits, insurance and technology. Our subject matter experts have crafted these tools to give you confidence to successfully navigate the new law.
So take a look at our tools… click on the subscribe button… start complying simply, and calculate for financial success.
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