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Minimize the Impact of Health Care Reform on your Company’s Bottom Line

Following weeks of speculation, the U.S. Supreme Court upheld the Patient Protection and Affordable Care Act (PPACA) in June on the basis that Congress has the power to tax citizens in order to influence behavior.

 "The ruling means that it is full speed ahead with compliance and strategic planning for employers and plan sponsors," said Sibyl Bogardus, Chief Compliance Officer - Western Region, HUB International.   "Waiting for the November elections or a possible repeal of the law is not advised.   Plan sponsors need to comply with the law and take steps now to minimize its impact on their company's bottom line," she said.

HUB is helping its clients assess the financial impact of Health Care Reform on their group health plans using tools that project an employer's total health plan costs through 2018.  HUB can help you estimate the financial impact on your plan of the individual mandate, auto enrollment, and movement to the state health Exchanges beginning in 2014.

For an overview of looming PPACA requirements for 2013, be sure to read the HUB client bulletin "Unraveling the Supreme Court's PPACA Ruling:  What does it mean for Plan Sponsors?"

In addition, HUB benefit consultants can also share proprietary tools that provide a complete picture of compliance obligations based on your group size and plan type.  Contact your HUB benefits consultant for more information.