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:6/27/2016)... ... June 27, 2016 , ... ... to revolutionize the emergency ambulance transport experience for the millions of people who ... Uber has disrupted the taxi industry through the use of technology. Now, SmartEMS ...
(Date:6/26/2016)... ... June 26, 2016 , ... Pixel Film Studios Released ... , "Film editors can give their videos a whole new perspective by using the ... CEO of Pixel Film Studios. , ProSlice Levels contains over 30 Different presets ...
(Date:6/25/2016)... Washington, D.C. (PRWEB) , ... June 25, 2016 ... ... will discuss health policy issues and applications at AcademyHealth’s Annual Research Meeting June ... share their work on several important health care topics including advance care planning, ...
(Date:6/25/2016)... ... June 25, 2016 , ... First Choice Emergency Room , ... Sesan Ogunleye, as the Medical Director of its new Mesquite-Samuell Farm facility. , ... our new Mesquite location,” said Dr. James M. Muzzarelli, Executive Medical Director of First ...
(Date:6/25/2016)... ... June 25, 2016 , ... Conventional wisdom preaches the ... In terms of the latter, setting the bar too high can result in disappointment, ... just slow progress toward their goal. , Research from PsychTests.com reveals ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... -- Dehaier Medical Systems Ltd. (NASDAQ: DHRM ... sells medical devices and wearable sleep respiratory products in ... agreement with Hongyuan Supply Chain Management Co., Ltd. (hereinafter ... 2016, to develop Dehaier,s new Internet medical technology business. ... leverage Hongyuan Supply Chain,s sales platform to reach Dehaier,s ...
(Date:6/24/2016)... 24, 2016 According to a ... (Standard Pen Needles, Safety Pen Needles), Needle Length (4mm, ... Hormone), Mode of Purchase (Retail, Non-Retail) - Trends & ... studies the market for the forecast period of 2016 ... 2.81 Billion by 2021 from USD 1.65 Billion in ...
(Date:6/24/2016)... 24, 2016  Arkis BioSciences, a leading innovator ... more durable cerebrospinal fluid treatments, today announced it ... funding is led by Innova Memphis, followed by ... private investors.  Arkis, new financing will accelerate the ... market release of its in-licensed Endexo® technology. ...
Breaking Medicine Technology: