Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    The Smart Business Guide to Health Care Reform (Including the Effect of the Employer Mandate Delay)
    The Smart Business Guide to Health Care Reform (Including the Effect of the Employer Mandate Delay)
    The Smart Business Guide to Health Care Reform (Including the Effect of the Employer Mandate Delay)
    Ebook128 pages1 hour

    The Smart Business Guide to Health Care Reform (Including the Effect of the Employer Mandate Delay)

    By Kevin Rejent

    ()

    Read preview

    About this ebook

    Even with the delay of the Employer Mandate, Health Care Reform is radically changing the health insurance environment for employers. The Smart Business Guide to Health Care Reform is your plain-language, yet detail-rich, ticket to understanding the impact of the law on employers (and everyone else). It will help your company navigate the new challenges presented by the law to reduce costs and keep employees happy.

    The law is complicated, and if you are responsible for making insurance decisions for your company, it is causing stress and anxiety that impacts your work life, and likely your personal well-being, as well. Like all laws, however, it is manageable when you are able to determine what portions impact you and concentrate on those issues.

    This book is your short cut to understanding what PPACA says, what it doesn’t say, and how both will impact your business. The purpose is not to tell you everything about the law; but rather to inform you of the relevant provisions and translate those provisions from bureaucrat-speak to plain English. So while you may not fully understand every obscure provision, you hopefully will have the tools you need to assess your organization’s exposure to key aspects of PPACA.

    This book is NOT a legal treatise, a magic bullet in the form of legal/accounting/insurance advice, or an op-ed piece telling you how wonderful or horrible the law is. It is information presented in a manner intelligent people can understand and apply. Bureaucrat-speak is translated, and the interaction between various provisions is discussed.

    Some issues addressed are:
    How do we know if the Employer Mandate applies to us?
    What about part-time and seasonal workers?
    What are the advantages and disadvantages of dropping coverage?
    Should we consider exchanges as the answer to our health insurance issues?
    Other than complying with the Employer Mandate, what else do businesses need to do to be in compliance with PPACA?
    What about FSAs, HSAs, and HRAs?
    Are defined contribution or self-insured plans options?
    What role does the Coast Guard have in implementation of Health Care Reform?

    This practical, easy to navigate, and easily understood discussion of the law will demystify topics that have been built up as unsolvable, and put you in the best position possible to analyze your company's health insurance responsibilities and opportunities.

    LanguageEnglish
    PublisherKevin Rejent
    Release dateAug 18, 2013
    ISBN9781607966296
    The Smart Business Guide to Health Care Reform (Including the Effect of the Employer Mandate Delay)
    Author

    Kevin Rejent

    Kevin Rejent is an attorney in St. Louis, Missouri with over a decade of health law experience. He formed the Rejent Firm, LLC in 2011 to advise small businesses and insurance brokers how to comply with laws and regulations relating to health care reform, and also assist businesses with litigation and operational matters. He frequently lectures business, insurance industry, and legal audiences regarding the latest developments with PPACA and its related laws and regulations.Kevin is a graduate of Saint Louis University School of Law and served as an Editor of the Law Review. He is also a proud Sun Devil, as he received his Bachelor of Science in Political Science from Arizona State University.

    Related to The Smart Business Guide to Health Care Reform (Including the Effect of the Employer Mandate Delay)

    Related ebooks

    Business For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      Look Beyond Salary to Judge a Job

      May 1, 2018

      When you think about how valuable your job is, do you think mostly about the salary, maybe a bonus or some stock compensation? In the tech industry, where my clients work, I find most people do just that. But there's another part of your total compen

      2 min read

    • Article

      Q & A Mark Miller

      Jan 20, 2023

      Q _ How is your book different from other retirement books? A _ Many retirement books focus on the reader who least needs help, people who have substantial retirement savings and investment portfolios who are looking for an additional edge. Having co

      3 min read

    • Article

      Groundhog Year

      Jan 16, 2020

      Groundhog Year
      3 min read

    • Article

      Mark Miller

      Jan 20, 2023

      Q _ How is your book different from other retirement books? A _ Many retirement books focus on the reader who least needs help, people who have substantial retirement savings and investment portfolios who are looking for an additional edge. Having co

      3 min read

    • Article

      Controlling Workplace Emotions

      Oct 28, 2020

      In what has been a difficult year, employers are seeing worker emotions bubble over – manifesting in aggressive behaviour and allegations of bullying, unnecessary anger and outbursts. If you look at most company policies under serious misconduct, agg

      3 min read

    • Article

      Don't Neglect Health Care in Your Retirement Planning

      Feb 2, 2018

      Occasionally, our firm gives presentations about retirement planning, and the topics can be somewhat predictable. How to grow your investments. The best ways of distribution. Social Security. Dealing with taxes. Managing risk. But what about health

      5 min read

    • Article

      How to Go Back to Work When You're on Disability

      Jul 18, 2018

      Time away from work can be relaxing, like vacations or half-days off. But when you're home for months, or years, after a disability disruption, you may start to long for those mornings where John from accounting would not stop talking about the lates

      4 min read

    • Article

      Struggling to Pay Child Support or Alimony Due to Coronavirus? Some Tips to Help

      May 5, 2020

      Layoffs. Furloughs. Shutdowns. Business closings. Investment losses. Millions of families are feeling the trickle-down economic pain of the coronavirus pandemic, and divorced families are dealing with their own challenges. What happens when you lose

      3 min read

    • Article

      Financial Advice I Would Give My Younger Self – Planning for a Young Family

      Aug 2, 2022

      As a planning expert frequently on the lecture tour, I often get asked, “What else should we know?”  I always look at the younger audience members and think – if only I knew this back when.  That’s the motivation behind this expert series on planning

      4 min read

    • Article

      A Psychologist's Fear-Fighting Tips for Investors

      Jun 2, 2020

      As a psychologist and Chief Behavioral Officer, I've listened to and counseled some of the best financial professionals in the country over the last few weeks. You see, my job is to teach advisers how to control excessive emotionality en route to mak

      3 min read

    • Article

      Feedback

      Dec 2, 2020

      Feedback
      2 min read

    • Article

      Changing Careers

      Sep 30, 2022

      Changing Careers
      3 min read

    • Article

      Q &A

      Jan 1, 2017

      QUESTIONS FOR Ann Kaplan (Rotman MBA ‘05), CEO, iFinance Canada What prompted you to launch Medicard Finance (now iFinance Canada) 20 years ago, and how has your business model evolved over the years? In 1996, the indications were that Canada would b

      5 min read

    • Article

      We Are Running in 'Degraded Mode'

      Nov 23, 2021

      Welcome to Galaxy Brain -- a newsletter from Charlie Warzel about technology and culture and big ideas. You can read what this is all about here. If you like what you see, consider forwarding it to a friend or two. We're still figuring things out in

      8 min read

    • Article

      Are You Ready for Longevity? 4 Steps to Take Now

      Aug 13, 2018

      Did you know that a non-smoking 65-year-old woman today has a 50% chance of living until 88? A non-smoking 65-year-old man has a 50% chance of living until 85? That's how life expectancy works - the longer you live, the more likely you will live lon

      4 min read

    • Article

      Fiduciary Rule Struck Down But Plan Sponsors Not Off the Hook

      Apr 23, 2018

      On March 15, 2018, the 5th Circuit Court vacated the entire DOL fiduciary rule. The decision essentially nullifies the rule, which was designed to require financial professionals to put their clients' needs ahead of their own when advising them on re

      4 min read

    • Article

      The 5 Things People Ask Potential Advisers and Why They Are Wrong

      Oct 11, 2018

      We recently had a prospective client ask us to send out our Form ADV Part 2. That was their only question. This SEC filing is essentially a marketing brochure that duplicates information on our website. We sent it, of course, but we're certain it did

      4 min read

    • Article

      Flying Solo: 5 Financial Strategies Every Single Woman Should Know

      Nov 16, 2020

      Have you ever thought “I’m single. Do I need to do anything differently with my finances?” You are not alone. Today, there are more women living independently now than ever before in the U.S. In fact, the Pew Research Center (2016) reported that 69%

      4 min read

    • Article

      Top 10 Estate Planning Tips in a Time of Coronavirus

      Jun 16, 2020

      It has arrived: the unexpected, potentially life-threatening circumstance you had in mind when you set up your estate plan, and now you're feeling really relieved that you took care of it before the emergency struck. Right? Even if you haven't alrea

      5 min read

    • Article

      Moving Forward Financially After the Loss of a Loved One

      Jan 8, 2020

      The loss of a partner or family member is a life-changing event laden with intense emotions. Whether the death is sudden or precipitated by an illness, the loss is just the same -- real and painful. There are no rules about how you should feel or ho

      2 min read

    • Article

      TALKING T&CS

      Jan 28, 2021

      Hi Ingrid! Tell us a bit about yourself and your biz. Starting my legal consulting business wasn’t something I always saw myself doing. I’d been working in the court system, then in privacy practice. I then worked for an NHS trust before having my tw

      3 min read

    • Article

      Don't Let the Drama Surrounding PPP Distract You from Running Your Business

      Jun 5, 2020

      By the time this is over, there's one letter small business owners may never want to see again: P. The Paycheck Protection Program, or PPP for short, was initially passed under the CARES Act as a way to help business owners keep employees on the pay

      2 min read

    • Article

      PPP Tips: 6 Things to Discuss with Your Accountant Now

      Jul 20, 2020

      I feel for the owners of small and midsized businesses right now: They are like sailors facing headwinds and choppy waters of a very tough business environment with very little visibility, and the survival of their business at stake. Many sought a li

      4 min read

    Related categories

    Reviews for The Smart Business Guide to Health Care Reform (Including the Effect of the Employer Mandate Delay)

    0 ratings

    0 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      The Smart Business Guide to Health Care Reform (Including the Effect of the Employer Mandate Delay) - Kevin Rejent

      The Smart Business guide to Health Care Reform

      (Including the Effect of the Employer Mandate Delay)

      By Kevin J. Rejent

      ~~~

      Smashwords Edition

      Copyright © 2013 by Kevin J. Rejent. All rights reserved.

      www.rejentfirm.com

      Smashwords Edition, License Notes

      This ebook is licensed for your personal enjoyment only. This ebook may not be re-sold or given away to other people. If you would like to share this book with another person, please purchase an additional copy for each recipient. If you’re reading this book and did not purchase it, or it was not purchased for your use only, then please return to Smashwords.com and purchase your own copy. Thank you for respecting the hard work of this author.

      First Edition: August 2013

      ISBN: 978-1-60796-629-6

      To my wife Lori, daughters Amelia and Charlotte, and twin boys coming any day now,

      Thank you for your patience and inspiration.

      TABLE OF CONTENTS

      INTRODUCTION

      What this book IS

      What this book IS NOT

      Book Structure

      >SECTION 1< HOW DID WE GET HERE?

      CHAPTER 1: THEY PASSED THE LAW, NOW WE GET TO FIND OUT WHAT IS IN IT.

      Title I – Quality, Affordable Healthcare for All Americans

      Title II – Getting More People Into Government Programs

      Title III – Improving the Quality and Efficiency of Health Care

      Title IV – Keeping People From Getting Sick

      Title V – Health Care Workforce

      Titles VI-IIX and X – Stuff That Has Been Repealed, Has No Real Impact on Businesses, and/or Very Few People Outside of the Health Care Provision Industry Care About

      Title IX – Revenue Provisions

      CHAPTER 2 - SO WHAT DID THE SUPREME COURT DO AGAIN?

      It’s Constitutional, but Not for Any of the Reasons Anyone Thought It Would Be

      So We’re All Finished with the Court Challenges, Right?

      CHAPTER 3 – WHY ARE PREMIUMS RISING?

      Is PPACA the Problem?

      Community Rating/Age Bands

      Guaranteed Issue

      Essential Health Benefits

      Ban on Annual and Lifetime Limits

      Provisions to Lower Premiums

      >SECTION 2< EMPLOYER RESPONSIBILITIES

      CHAPTER 4 – THE EMPLOYER MANDATE

      Does the Law Apply to You?

      Play or Pay

      Unaffordable/Low Quality Coverage Penalty

      I Have a GREAT Idea!

      CHAPTER 5 – WHY OFFER INSURANCE AT ALL?

      Penalties are Not Tax Deductible

      Giving Raises Equal to Exchange Coverage Costs

      Business Value of Retaining Coverage

      Employee Relations and Morale

      Employee Health

      CHAPTER 6 – FORGET FULL TIME EQUIVALENT, HOW DO WE DETERMINE WHO IS FULL TIME AND GET THEM ENROLLED?

      Variable Hour Employees

      Seasonal Employees

      Auto-Enrollment

      CHAPTER 7 – CHANGES TO THE ALPHABET SOUP OF HEALTH RELATED EMPLOYEE BENEFITS

      Flex Spending Accounts

      Health Savings Accounts

      Health Reimbursement Accounts

      CHAPTER 8 –THOSE EXCHANGES YOU KEEP READING ABOUT…

      In the Beginning…

      Who is in Charge Here?

      How Do They Work?

      Exchange Tax Credits

      CHAPTER 9 – OTHER PROVISIONS IMPACTING EMPLOYERS

      Medical Loss Ratio

      Summary of Benefits and Coverage

      W-2 Reporting

      Notice of Exchange Rights

      New Taxes on Insurance Companies

      >SECTION 3< OPPORTUNITIES AND STRATEGIES

      CHAPTER 10 – TAX CREDITS AND WELLNESS PROGRAMS

      Small Business Tax Credit

      Wellness Grants

      Wellness Programs

      CHAPTER 11 – CHANGING THE ENTIRE PLAN DESIGN

      Defined Contribution

      Self-Insuring

      >SECTION 4< GAZING INTO THE CRYSTAL BALL

      CHAPTER 12 – LANDMINES AND LEGAL CHALLENGES

      What if You Build It, But They Do Not Come?

      What About Those Rascally Healthy Law Breakers?

      How Would They Know?

      Legal Challenges

      CHAPTER 13 – FUN FACTS TO AMAZE AND ASTOUND YOUR FRIENDS AND CO-WORKERS

      Tell the Truth

      People Get Sick at Sea, Too

      Is My Fishing Pole a Durable Medical Device?

      You’re Hired! Let Us Know if You Can’t Do Your Work, So We Can Do It For You.

      Who Better to Lecture Our Children on Financial Responsibility?

      CLOSING THOUGHTS

      ACKNOWLEDGEMENTS

      ABOUT THE AUTHOR

      END NOTES

      Introduction

      It’s The Law, It’s not Going Away, So You Probably Want to Follow It.

      Health Care Reform, HCR, PPACA, ACA, Obamacare, Socialized Medicine, the Greatest Thing Since Sliced Bread. Whatever you want to call it and however you feel about it, all that matters is that the Supreme Court upheld it, voters refused to kill it by electing a new President, and while the Employer Mandate has been delayed, opponents in Congress are powerless to stop it. Even with the gift of a one year delay of the Employer Mandate, all of the energy you spent vigorously ignoring it while hoping it went away or got much simpler was for naught. And now employees are nervous, your renewal is near, and every day, you hear something new that sounds important, but you just don’t know where to mentally file that compliance strategy or requirement you just heard.

      The Patient Protection and Affordable Care Act is complicated, and regardless of whether your company employs one or one-hundred thousand, it directly impacts your business’s current and future health insurance. If you are responsible for making these decisions for your company, more likely than not, it is also causing stress and anxiety that is also impacting your personal well-being, as well. Like all laws, however, it is manageable when you are able to determine what portions impact you and concentrating on those issues.

      Short of reading and understanding the entire law and all corresponding regulations (over 10,000 pages by some estimates), there is no way to definitively state exactly what provisions are applicable to you. However, who, other than insurance professionals and attorneys who enjoy being tortured by regulations, has time to keep up?

      What this book IS

      This book is your short cut to understanding what PPACA says, what it doesn’t say, and how both will impact your business. The purpose is not to tell you

      Enjoying the preview?
      Page 1 of 1