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MedBen "ACA by the Numbers" Summary Available for Download

03/28/16

  10:23:00 pm, by MedBen5   , 224 words,  
Categories: Announcements, Health Care Reform, Taxes, IRS

MedBen "ACA by the Numbers" Summary Available for Download

capitol-caduceus-bills

The Affordable Care Act recently celebrated the 6th anniversary of its passage. In the ensuing years, we've been subjected to a myriad of new regulations, amendments, clarifications and delays... not to mention, assorted taxes, fees and potential monetary penalties.

Making heads or tails of the various costs associated with health care reform is a full-time job in itself. Fortunately, MedBen has an experienced compliance team that helps clients stay on top of their primary ACA responsibilities. And to make things easier still, we've compiled "ACA by the Numbers," a handy, downloadable summary of the key financial components under the law.

It's worth noting that while some ACA costs are automatically incurred by all self-funded groups – specifically, PCORI and transitional reinsurance fees for each covered person under the health plan – the biggest potential costs are the penalties for Applicable Large Employers (ALEs) who fail to offer appropriate coverage to their full time-employees. Depending on your group's size, these penalties could add up to hundreds of thousands, or even millions, of dollars... which is why it's essential to have an ally like MedBen who can protect you from unnecessary expenses.

Remember, MedBen is available to assist clients with questions or concerns about ACA compliance. If you're ever in doubt about something, we encourage you to contact our Vice President of Compliance Caroline Fraker at 800-851-0907 or cfraker@medben.com.

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