PPACA “Proceed with Caution”
Beginning in 2015, employers with over 100 employees are required to either “pay or play”. Employers may find themselves in a panic making some very critical financial decisions that can potentially affect the economic position of their company. How health care is purchased, delivered and paid for in this country made to the most dramatic changes ever beginning on January 1, 2015. With these changes, employers need to sort through the misinformation and confusion and educate themselves in advance with a customized impact analysis from AxisPointe Benefit Advisors.
Our report uses an effective and robust modeling tool that analyses three scenarios and the associated cost impact to both the employer and employee.
- What happens if an employer makes no changes to its current benefit plan design in 2015
- What happens if an employer terminates its group medical plan in 2015
- What happens if an employer offers only a 60% actuarial value plan in 2015
- What happens if an employer has a “Cadillac Plan” in 2020
Beginning in 2020, a 40 percent, nondeductible, excise tax will apply to high-cost health coverage. This is also called the tax on “Cadillac” plans. As an employer, you may or may not be affected by this but AxisPointe can also provide the analysis to determine if the “Cadillac Tax” will impact you.
To learn how to get started with this valuable tool today.