2015 ACA Mandate Changed The Playing Field For 100-Plus Company Employers With 2016 To Come

aca mandate

Affordable Care Act & Your Company

In 2015, the ACA mandate and huge potential penalties for businesses that fail to provide medical coverage for their workers changes the playing field for 100-plus company employers. From requiring employers to provide medical coverage to spurring the creation of new models for how health insurance is structured and sold, the effect of the Affordable Care Act on business owners will is becoming increasingly clear. In 2015, if you are a larger employer and you fail to provide health insurance, your company will have to pay a penalty for each employee that does not receive coverage.

 The 2015 ACA Mandate

As insurance brokers and benefits program managers, Pontrelli, Timour & Associates understands that larger companies have become more conscious of the minimum value required by the ACA to avoid having to pay penalties. The ACA has prompted such employers to reexamine how they offer insurance. Some midsized businesses are switching from traditional, fully funded commercial insurance plans to self-funded plans, in which they pay employee claims directly. Whenever such decisions are made, the importance is to have a benefits plan management professional to help.

Is Your Company Being Penalized For The ACA Mandate?

Self-funded plans allow businesses to see the overall claims from their workers and tailor employee wellness plans to serve those workers. The efficiencies of self-funded plans are primarily attractive to businesses with hundreds of workers, but now are attracting firms in the 50- to 70-employee range. On Jan. 1, 2015, employers with 100 or more workers were forced to pay a penalty if they don’t provide insurance to at least 70 percent of full-time workers.

The 2016 ACA Mandate

In 2016, the mandate will be expanded, so that all businesses with the equivalent of at least 50 full-time employees will have to pay the penalty if they don’t provide insurance to at least 95 percent of their full-timers. Pontrelli, Timour & Associates is focused on helping such mid-sized companies find the best plans that make the most sense for their companies.

Is You Company Ready For The ACA Mandate?

Pontrelli, Timour & Associates understands how making such specific choices remains challenging for most business owners. By having a benefits program expert on your team, such choices can be made precisely from the vantage point of proven experience. If you want to know more about how PT Benefits can help your company with ACA challenges, please call 866-782-9899 or fill out our handy contact form for a free consultation.

 

 

 

Raphy Timour

About 

Co-Founder at Pontrelli, Timour & Associates, Inc.

A California native of Pasadena, Raphy Timour began his career at Automatic Data Processing as an outside sales representative, achieving President Club status each and every year at ADP. Wanting to provide clients with a more customercentric approach, Raphy Timour started Pontrelli, Timour & Associates, Inc. in 2003 with his childhood friend Chris Pontrelli. Raphy Timour has a Health & Insurance License from the California Department of Insurance.

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