ACA open enrollment has just begun, and people across the nation are trying to find coverage for next year. The ACA has been on everyone’s minds as people are facing premium increases that are damaging their budget. Also, it doesn’t help that large insurers have left the exchange, which leaves people uninsured until they find another coverage. That said, the ACA hasn’t received much attention for some of its other changes. These changes relate to the ACA regulations, which greatly influence small business owners and entrepreneurs. Therefore, here are some of the ACA adjustments that employers must know to keep their business running smoothly. Continue reading
The Affordable Care Act is a controversial topic due to the massive amount of people who support and oppose the bill. The ACA has its pros and cons, but let’s narrow down its effects on a certain demographic: small business owners. The law has helped and hurt small businesses around the country; however, you’ll probably hear more complaints and criticisms about the ACA among them.
Health insurance rates are skyrocketing in various parts of our nation, and some places won’t even be able to find coverage due to the lack of insurers in the ACA exchange. Health care has become a trending and controversial topic, and consumers are starting to worry about being able to obtain coverage for the next year. It also doesn’t help that the ACA is pressuring everyone to acquire health insurance due to its monetary penalties.
Well, due to increased health care expenses, business owners are starting to reduce their benefits plan or even get rid of it altogether just to save money. Then, it creates a conflict of interest between the employee and employer because employee benefits is a major component in acquiring and retaining top talent.
But what if I told you there was a way for the employer to save money and support employee wellness?