Starting in 2015, the Patient Protection and Affordable Care Act (PPACA) requires Americans to have “minimum essential coverage” or pay a tax penalty. This could include health insurance purchased inside or outside of a health insurance exchange; coverage under a government sponsored program, such as Medicaid; or an employer-sponsored plan or group plan.
To ensure that employers provide employer-sponsored health coverage, PPACA includes a “shared responsibility” provision. While this provision does not explicitly mandate that employers offer employees health insurance, it does impose penalties on “large” employers if their full-time employees obtain premium subsidies through the newly established exchanges. According to the Congressional Budget Office, employers are projected to pay $130 billion in penalty payments over the first ten years of PPACA.
To assist employers in their efforts to fully understand and comply with the important provisions of health care reform, MSEC has developed the Health Care Reform Assessment. The assessment provides your organization the blueprint it needs to comply with the many and ever-changing requirements of PPACA. This customized assessment analyzes the specific impact health care reform will have on your organization and provides a checklist with “action steps” for implementing the necessary changes to ensure compliance.
a flat fee of $525, to get you ready for compliance in 2015.