Navigation Links
United Benefit Advisors Offers Employee Guide to Understanding PPACA
Date:6/6/2013

Indianapolis, IN (PRWEB) June 06, 2013

The Patient Protection and Affordable Care Act (PPACA) is complicated, and understanding an employee’s responsibility to purchase coverage under the new law (the individual mandate), is no exception. Today, United Benefit Advisors (UBA) releases a guide to help employers educate their employees on the law and navigate the options available to them, particularly in regard to health insurance exchanges. Since employee options are based on employer plan design, UBA’s guide includes a general overview and two different supplements based on whether or not the employer will offer “minimum essential” coverage.

The Employee Guide overview defines health care reform, the intent of PPACA, employee requirements, penalties and obligations, and takes a closer look at the advantages and disadvantages of choosing a health insurance exchange over an employer sponsored plan.

Employee eligibility for tax credits through the exchanges is dependent on the employer's decisions about plan design. UBA offers two supplements (A and B) to address whether the coverage provided by the employer will satisfy the "minimum essential" requirement and to begin to educate on how the plan and the exchange will interact.

Supplement A is for those whose employer expects to offer affordable, minimum value coverage, but may choose to enroll in the exchange instead and thus forgo their eligibility for tax credits/premium subsidies.

Supplement B is for those whose employer expects to offer coverage that does not meet affordability or minimum value, so eligibility for tax credits/premium subsidies (and reduced cost sharing) thus becomes an area of interest.

“We recognize there are many situations that this guide and supplements do not cover,” says Thom Mangan, CEO of UBA. “However, most employers should be able to mix and match the information to address most situations. Of course, working with a knowledgeable UBA Partner is always recommended for the best and most accurate information in every unique situation.”

The PPACA Employee Guide is available at http://tinyurl.com/lj7wusn.

UBA’s PPACA Resource Center includes up-to-date information on a number of elements, including: Counting Employees, Exchange eligibility/IRS Non-calendar-year plans, Wellness Proposed Rules, FSA and SBC Highlights, W-2 Reporting Requirements, Medicare Withholding Summary, Essential Benefits/Actuarial Value and more.

The resource center can be found on UBA’s website. In addition to the PPACA Resource Center, UBA provides customized benchmarking data to help businesses compare their employee health benefits to competitors, and potentially find savings through plan design. UBA’s 2012 Health Plan Survey, the largest in the nation with nearly 12,000 employers participating, along with the collective wisdom of its 140 industry-leading partner firms, helps business owners and human resource executives make informed decisions that directly impact the bottom line by controlling the upward spiral of health care costs.

About United Benefit Advisors

United Benefit Advisors is the nation’s leading independent employee benefits organization with more than 200 offices throughout the U.S., Canada and the U.K. Visit http://www.UBAbenefits.com.

MEDIA CONTACT:
Carina Sammartino
(650) 477-4839
csammartino (at) fishervista (dot) com

Read the full story at http://www.prweb.com/releases/2013/6/prweb10806200.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Neuropathy Skyrocketing in the United States - Neuracel Launches the Most Valuable Natural Treatment
2. Ayurveda Training in Marma Therapy, Basti, Abhyanga Massage, Swedana, and Ayurvedic Facial Offered in 2013 by the Leading Ayurvedic School in the United States
3. ACE Comprehensive Travel Medical Insurance Announces a New Pre-existing Medical Condition Coverage Policy for Visitors to the United States
4. Indian Network announces Platinum Comprehensive Visitor Health Insurance Plan with Pre-existing Condition Choices for Visitors on Short Term Trip to the United States
5. Michael Buble Chicago Tickets: Michael Buble Tickets at the United Center Officially Go Onsale to the Public at 10:00 a.m. Local Time Friday, May 17, 2013
6. United Nations Foundation Welcomes Sustainable Energy Network of Ghana
7. Florida Hospital Tampa Joins an Elite Group of Hospitals Across the United States Offering Fully Robotic Whipple Surgery
8. United Benefit Advisors Names New Communications Manager
9. Variations in antibiotic prescribing of acute rhinosinusitis in united states ambulatory settings
10. Work From Home Job Center Now Supports United Cancer Survivors of America, Inc.
11. Scholarship Winners Announced For United Cancer Survivors of America, Inc.
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/29/2016)... ... April 29, 2016 , ... ... team BioCellection won the $30,000 Perlman Grand Prize of the 2016 Wharton Business ... Award, the Michelson People’s Choice Award, and the Committee Award for Most ‘Wow ...
(Date:4/29/2016)... , ... April 29, 2016 , ... ... Canadian Celiac Association (CCA), is pleased to announce the launch of the ... nutritional articles, recipes, and more. The purpose of the GFCP Scoop ...
(Date:4/29/2016)... ... April 29, 2016 , ... New York City based oral and maxillofacial surgeon Dr. ... very effective way to treat obstructive sleep apnea. Dr. Jamali is proud to offer this ... procedure that involves one or both jaw bones. This surgery is performed to correct the ...
(Date:4/29/2016)... ... April 29, 2016 , ... Jvion, the market ... funding led by Eastside Partners, with participation from existing investor Martin Ventures. ... and accelerate its technology and product roadmap. , “Jvion is experiencing ...
(Date:4/29/2016)... ... 2016 , ... CURE Media Group , the nation’s ... today announced that Lynne Malestic, RN, of Eisenhower Lucy Curci Cancer Center in ... Oncology Nursing , which honors nurses who have dedicated their careers to helping ...
Breaking Medicine News(10 mins):
(Date:4/28/2016)... April 28, 2016 Oramed Pharmaceuticals Inc. ... pharmaceutical company focused on the development of oral drug delivery ... upcoming PIONEERS 2016 conference, presented by Joseph Gunnar ... New York . Nadav Kidron , ... conference. Presentation Details:   PIONEERS ...
(Date:4/28/2016)... , April 28, 2016 ... Review, H1 2016" is a report that provides ... helps strengthen R&D pipelines by identifying new targets ... Company Profiles discussed in this H1 ... Farmaceutiche Riunite Srl, AbbVie Inc., Abiogen Pharma S.p.A., ...
(Date:4/27/2016)... 27, 2016   ... in Recurring Consumable Sales  Clinical sales grow ... Technologies (Euronext: MKEA, OTCQX: MKEAY) inventor of Cellvizio®, the ... for the first quarter ended March 31, 2016 and ... of its commercial strategy. First Quarter 2016 ...
Breaking Medicine Technology: