It seems like every time someone brings up the Patient Protection and Affordable Care Act (PPACA) it sends chills down the spines of business owners and office managers ‘round the world. Yes, there are many changes which will require some work, but it’s not ALL bad.
- Summary of Benefits and Coverage Notice – EVERYONE can understand their benefits now – have you ever tried to really understand a summary plan description? ALL the Summaries of Benefits and Coverage (SBCs), regardless of carrier, will look alike making it much easier to understand.
- Marketplace Notifications – yet another option for your employees’ consideration in their healthcare needs. This, along with consumer-driven health plans, encourages the employee to be actively involved in their choices.
- My favorite? Rate increases in excess of 10% MUST be reviewed against a set of minimum standards by the state (in PA – some other states are federally-reviewed).
- As a “micro” employer, I might actually be able to offer medical benefits to MY employees!
Are you concerned about the impact Obamacare will have on your business? Do you know what the Patient Protection and Affordable Care Act (PPACA) means for your company’s growth? Are you compliant in order to avoid future fines and penalties?
Presented by Matt Scott & Jenifer Neely of HDH Group
Wednesday, August 7, 2013
12:00 – 1:00 p.m.
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