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ACA Uncertainty Troubles Employers; MedBen Compliance Ready to Help

12/27/16

  03:49:00 pm, by MedBen5   , 311 words,  
Categories: Health Care Reform, Taxes, Compliance, Employer Mandate

ACA Uncertainty Troubles Employers; MedBen Compliance Ready to Help

Caroline Fraker

With all the talk these days about repealing and replacing the Affordable Care Act (ACA), it's little wonder that its uncertain future troubles many businesses. But as health care reform is potentially "re-reformed," the MedBen Compliance team will be closely monitoring developments and advising clients along the way.

In a new Aon survey of 800 employers, 48% responded that the ACA's employer mandate ranks above prescription drug costs and the "Cadillac tax" as their biggest concern for the incoming Trump administration. "The employer mandate ... has the reporting obligations, the disclosure obligations, 1094 and 1095 forms and the service tracking ... all of that goes into the ACA. The concern is, is it going to be dropped, expanded or modified in some way?” said J.D. Piro, head of the Aon’s law group, to EBN.

While it's fair to say that the ACA has been reliably consistent in its inconsistency, the election of Donald Trump holds the potential for a major overhaul that few could have foreseen. Fortunately, the MedBen Compliance Department has been through health care reform once, and is ready to tackle it again.

Even before the ACA was signed into law in 2010, Compliance management was reviewing its potential provisions and charting a course of action for MedBen clients. And as we collectively learn what's to come, our team will draw upon their experience from the first go-round to help clients understand what the new reforms will mean to their business, and how to best prepare for it.

Of course, any reform will take time to implement... so for 2017 at least, it's business as usual. MedBen Compliance will continue to guide clients, brokers and consultants through the details via phone calls, meetings, webinars, educational materials, newsletters, and this blog. And as always, if you ever have questions about any aspect of the ACA, don’t hesitate to call Vice President of Compliance Caroline Fraker at 800-851-0907 or cfraker@medben.com.

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