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Products October 24, 2012
HORAN Creates Health Care Reform Impact Tool
October 24, 2012 (PLANSPONSOR.com) – Employee benefit consultant HORAN launched a tool to model different plan scenarios to help navigate potential effects of health care reform.
Reported by PLANSPONSOR staff
The model outcomes include offering a plan at the minimum allowable benefit (60% actuarial value), terminating the plan and maintaining current benefits. The tool addresses questions such as what it will costs to continue a current plan in 2014, to terminate a current plan in 2014, and what a minimum value plan looks like.
“Many of our larger employer clients (those with 50 full-time employees) under the law are concerned about the employer shared responsibility provisions and the exposure their organization may have to penalties and increasing enrollment in 2014,” said Valerie Bogdan Powers, vice president of group operations at HORAN.