What effect will the 2015 Affordable Care Act (ACA) have on your business?
Here’s what you need to know:
What does the January 1, 2015 ACA deadline mean for your business?
The Affordable Care Act (ACA) is the most sweeping healthcare legislation in decades. Beginning on January 1, 2015, employers with 50 or more full-time or full-time equivalent employees must comply with the employer mandated provisions of the ACA, or pay substantial fines.
How can Xcentri help your business be compliant with the new law?
Xcentri will be providing both Minimum Essential Coverage and a Minimum Value Plan that will be affordable for all employees staffed, or using payroll services, through Xcentri. This solution is in full compliance with the ACA, and the healthcare plans offered will meet the individual mandate for healthcare, so that no employer will have to pay penalties if they utilize Xcentri staffing services.
Xcentri will also oversee the enormous and complex task of administering the plans, including eligibility tracking using proprietary software, plan communication and enrollment, along with management of premiums collection and the fulfillment of the comprehensive government reporting requirements.
What happens if your business does not meet the new ACA mandate?
If an employer does not fulfill their obligation in providing acceptable insurance to their employees, then a substantial penalty per employee will be levied by the US Government.
What should your business do next?
Call Xcentri today to examine the solution that best fits your needs. One of our qualified staffing professionals will guide you through the process of adding future staff or taking on your current “payrolled” employees and adding them to our ACA program.