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Employee Engagement Key to Health Care Reform Compliance and Slower Cost Inflation
Employee Engagement Key to Health Care Reform Compliance and Slower Cost Inflation
Employee Engagement Key to Health Care Reform Compliance and Slower Cost Inflation
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Employee Engagement Key to Health Care Reform Compliance and Slower Cost Inflation

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By now, most U.S. employers are well aware of the
Affordable Care Act (ACA) and its employer mandate,
which requires companies with at least 50 full-time
employees or full-time equivalents to offer affordable,
minimum value health insurance to their full-time
employees and their children up to age 26 or potentially
face a financial penalty. Most companies are also
aware that the penalty under the employer mandate
has been delayed until 2015.

What many employers may not realize is that the
associated penalty is unlikely to be delayed beyond
January 1, 2015. Even more important, the one-year
deferral of the penalty provisions of the employer
mandate does not change the core concept of
employer shared responsibility. In order to prepare
themselves for compliance with the employer mandate
and other ACA-related requirements, employers
need to act now. There is a wide range of employee
metrics that employers will need to track to support
compliance, which will necessitate the development of
a sophisticated reporting system that can track weekly
staff hours, benefits costs as a percentage of salary
and a variety of other labor metrics.

Published in: Business, News & Politics
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