What’s the latest on the Affordable Care Act and its anticipated impact on companies and their employees, especially on small businesses? If you’ve been following the events of the past couple of weeks, the answer is No one seems to know for sure! Things continue to unfold and change, and unfortunately, the result has been confusion and a whole lot of misinformation.
We definitely aren’t qualified to sort it out for you. Besides, information we found from just the beginning of November is already outdated. And it’s probably safe to say that there will be more of the same throughout the end of the year. Healthcare decisions for a lot of businesses and individuals are left hanging in the balance, while everyone searches for some clarity.
One source of confusion is that pending questions, requirements and potential courses of action regarding your health plan differ depending on whether you have 50+ FTE employees or fewer, or if you’re a sole proprietor, let’s say. Add to that whether you’re currently in a plan that meets ACA requirements, which you could potentially keep, or at least use as the basis for searching for a plan with a less-expensive premium. We’re confused just trying to write about the basics!
So, in the meantime, while all this is shaking out, the best we can offer is to point you in the direction of what we think is some responsible reporting and commentary from reputable sources. Hopefully, this will help build your understanding of healthcare reform generally, as well as some of the hot buttons and issues that continue to be debated, particularly as they relate to small businesses of all kinds.
Here are a few of the most recent: