Minimizing The Impact On Your Business

If you are an employer who, based on your understanding of the ACA, is slashing hours to part-time, down-sizing, changing your corporate structure, dropping your medical coverage, writing letters to politicians or closing your doors in an effort to avoid what you believe to be the impending doom of the Affordable Care Act (ACA), STOP. The ACA is legislation that can be easy to comply with and simple to implement, all at a cost that is much more affordable than you ever imagined. Here’s how:

Workforce Analysis
Reducing costs post ACA will require business owners to look inward and ask “What kind of workforce do I employ? What is my annual turn-over rate? Which employees are most likely to buy health insurance? How will that impact my costs? Who will qualify for expanded Medicaid? Who will qualify for a subsidy in the Exchange? How do I notify my employees of their options?” These are just some of the questions employers need to be able to answer in preparation of the Employer Mandate staring January 1, 2015. Employers who have done their homework will see the least impact in terms of costs, and in some cases, may actually see costs go down.

Propietary Tools to Assist
Arizona Benefit Consultants is positioned to work with you every step of the way. We have developed a proprietary, behavior-based predictive model based on our knowledge of industry and employee behavior. This tool assists us in performing an in-depth analysis of your workforce and make educated predictions as to how they will behave in 2015 to help gauge your costs. Included in the analysis is a review of your current plan to determine if it meets minimum essential coverage requirements, and provides you with a step-by-step guide as to how to get there.

If you don’t insure all of your employees today, you will breathe a huge sigh of relief when you realize the number of employees who are going to be interested in securing health insurance coverage is quite low, particularly in industries that employ predominantly young, low wage earners such as hospitality, landscape, and retail.

In minimizing the impact of health care reform on your business, ABC will work with you to analyze the following areas:

  • Size of business
  • Nature of workforce
  • Plans and contribution structure
  • Competitive environment
  • Business structure
  • Funding arrangement
  • Expected Costs

Impact Analysis Output Examples
Below are some examples of the output that ABC is able to obtain through our Impact Analysis. Contact us today to gain these valuable insights on your benefits.

 

  
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Depending on the number of employees and other coverage information, all employers with 51 or more full time equivalent employees will have to offer all full-time (30 hours or more a week) medical insurance starting as soon as January 1, 2015 or as late as January 1, 2016.
Arizona Benefit Consultants, LLC can help you determine:

  • If you have to comply
  • When you have to comply, and
  • How to comply in the most financially efficient way possible