Health insurance under new rules: Will you pay or play? — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

Health insurance under new rules: Will you pay or play?

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in Compensation and Benefits,Human Resources

by Rick Wald

President Obama’s re-election ensured that the Affordable Care Act (ACA) health care reform law will remain in effect. That means the nature of health insurance benefits will change dramatically by 2014, and HR executives have some huge decisions to make about their options.

Today, your employees might not be able to get health insurance—or afford it—if your organization did not offer it. Under the new health care reforms, that won’t be true. Every individual will be required to buy health insurance, and “state exchanges” will make it available to everyone. Federal subsidies will cap the costs.

Still, many businesses will continue to offer health benefits to their employees. But they won’t be required to by law. The big question: Are you going to offer it anyway?

Here are your options under the ACA:

1. Stop offering health benefits. If you have more than 50 employees and choose not to offer health insurance to y...(register to read more)

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