Six changes, ten questions: What Obamacare means for employers

Oct 30, 2013, 14:50 ET from McGladrey LLP

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.

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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.

Read more: The Affordable Care Act: What's next for employers? 

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