4 Healthcare Changes And Affordable Care Act Challenges In 2014

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Healthcare Changes In 2014

With the Affordable Care Act now in full force, the overall societal goal is for millions of uninsured Americans to either now have health coverage or to be able to obtain it within the coming calendar year. As a Southern California provider of employee benefits programs and solutions for small to mid-sized companies, Pontrelli, Timour & Associates, Inc. make it a point to keep our clients updated about the ongoing evolution of upcoming healthcare changes and Affordable Care Act challenges in 2014.

Healthcare Changes & ACA

As the new year begins, more than 1.1 million people have gained coverage through the offerings of the Affordable Care Act.  Through the combination of HealthCare.gov with the federal and state exchanges, millions more will be enrolled before the cut-off date at the end of March. By looking ahead at what is to come, the goal of PT Benefits is to make the process of adapting to the changes as smooth and easy as possible for both the employers and the employees at our client companies.

Here Are 4 Healthcare Changes Coming In 2014:

The Shadow Of The Employer Mandate:

Employers need to prepare for the Employer Mandate requirement that companies with more than 50 employees provide health insurance for their employees. Although this requirement was delayed a year by the Obama administration, employers will be surprised by how quickly the deadline approaches. Given the choices that need to be made like wellness discounts and health incentive strategies for employees, decisions need to be made well in advance.

The Requirement Of Pricing Transparency:

A major part of the Affordable Care Act is the emphasis on clarity in relation to health insurance costs. Transparency means an understanding of what exactly needs to be paid by both employers and employees and why.  PT Benefits believes that such price transparency will allow both employers and employees to make better educated choices with less surprises.

The Inevitability Of Shrinking Networks:

In order to save money, insurers will continue to shrink their networks of health care providers, going with the best deals that might not always be the best options for consumers. By relying on providers offering the best rates, insurance companies will limit the options in many plans. Such a shrinking of networks will have a greater effect on ongoing consumers with histories with certain providers. The loss of those providers will prove challenging. In contrast, first-time insurance purchasers won’t miss what they never had in the first place.

The Need For Electronic Records & HIPAA Compliance

With the institution of the PPACA in 2014, the need for electronic records will increase. Electronic records will provide better tracking and analytics while helping to ensure higher standards of record keeping and maintenance. The challenge of more electronic records will be a greater need for HIPAA compliance.

For Pontrelli, Timour & Associates emphasize the above updates are only short capsule descriptions of the bevy of healthcare changes to come in 2014. Luckily, the client companies of PT Benefits do not need to be healthcare experts. We handle such challenges and questions for you, providing a customer-centric approach that focuses on the specific needs of your organization. To learn more about how we can help you, please call 866-782-9899 or fill out our handy contact form.

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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