Six changes, ten questions: What Obamacare means for employers
CHICAGO, Oct. 30, 2013 /PRNewswire/ -- The employer mandate, minimum essential coverage, minimum value, affordable coverage – these are the concepts employers need to understand to make informed decisions regarding the Affordable Care Act. But, with all the political smoke around Obamacare, too many employers can't find the specific information they need.
McGladrey's concise white paper, The Affordable Care Act: What's next for employers? outlines the six key changes the act makes in the health insurance marketplace:
- Insurance market reforms
- Individual mandate
- Health insurance exchanges
- Individual tax subsidies
- Improved small employer tax credit
- Employer mandate (effective in 2015)
Preparing for the employer mandate is a major challenge for affected companies. The white paper offers a decision tree to help employers understand if the mandate applies to them and asks ten key questions employers must be able to answer in order to plan for the Affordable Care Act.
McGladrey LLP is the leading U.S. provider of assurance, tax and consulting services focused on the middle market, with more than 6,700 people in 75 cities nationwide. McGladrey is a licensed CPA firm and serves clients around the world through RSM International, a global network of independent assurance, tax and consulting firms. For more information, visit www.mcgladrey.com, join our Facebook fan page at McGladrey News, follow us on Twitter @McGladrey and/or connect with us on LinkedIn.
SOURCE McGladrey LLP