With the passage of the Affordable Care Act, many business owners are concerned about the effect the new laws will have on their business. The new health care reforms have changed many things about health expenses, making it a struggle for many companies to remain compliant.

UFI Insurance agents are continuously keeping up-to-date on these ever-changing regulations and will help offer the health care coverage to your employees and stay compliant.

 

Healthcare Reform – The Law

Signed in March 2010, the Patient Protection and Affordable Care Act (PPACA) has set in motion significant changes in how all Americans will access insurance coverage for healthcare system. At nearly 1,000 pages, the law will impact coverage options, and how we buy them for employer groups of every size, plus individuals and families that purchase coverage outside of an employer sponsored group health plan. We encourage you to become familiar with how the law will impact you and your family.

Healthcare Reform Consulting

Healthcare Reform brings significant challenges to employers and their workforce. The complex questions raised for employers by Healthcare Reform presents a unique need to evaluate your current coverage strategies in a way never before needed. Our audit and detailed reports will allow any employer the ability to proactively prepare for the continuing changes brought about by Healthcare Reform.

UFI Insurance can provide your organization with a customized analysis of the Patient Protection and Affordable Care Act (PPACA) impact, as well as a variety of possible employer strategies and scenarios.

  • Our Decision Support Audit includes:
  • Potential tax liability under the “play or pay” tax
  • Minimum wages that employers must pay to avoid offering “unaffordable coverage”
  • The cost of the current benefits plan that the employer provides
  • A Small Business Health Care Tax Credit eligibility test
  • “Cadillac Plan” tax applicability and tax liability
  • The cost of supplemental insurance products offered by the employer
  • Healthcare Reform provision applicability
  • Future healthcare costs
  • Alternate strategies to help employers deal with Healthcare Reform
  • A “Full-Time Equivalent Employee Calculator”

The audit will also include a detailed Healthcare Reform Checklist, and Cost
Modeling options for several alternate strategies. Some of the Cost Modeling options
and alternate strategies addressed:

  • Decreasing employer contributions
  • Dropping coverage and paying tax liabilities
  • Implementing a consumer driven health plan (i.e. FSA, HRA, HSA)
  • Alternate Plan structure

Please contact our in-house Reform Team for information regarding our Healthcare Reform consulting services.