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Navigating the Uncertainty of ACA Repeal and Replacement Efforts

Even with the U.S. Congress failing to repeal or replace the Affordable Care Act (ACA), small- to mid-sized businesses still face uncertainty over the future of employee health benefit regulations. The human resources and benefit experts of a professional employer organization (PEO) like PEMCO can provide guidance in navigating the changing legal landscape.Affordable Care Act.

The adoption of the Affordable Care Act (ACA) in 2010 forced new regulations on many employers with the threat of financial penalties without compliance. Now, after organizations have had years to learn to deal with those requirements, they are faced with the prospect of the playing field changing yet again. Despite the defeat of the most recent efforts to replace the ACA in July, it remains an open question whether lawmakers will move forward on further attempts at modifying the law.

For example, one option that legislators discussed was repealing the small business health insurance tax credit. Currently, businesses can qualify for the credits if they have fewer than 25 full-time equivalent employees making an average of about $50,000 a year or less. The credits can be worth up to 50 percent of the costs the business pays for employee premiums. This would make it even more important for small businesses to get the most value for what they spend on health insurance. By utilizing PEMCO’s buying power, your company can continue to access health plans with more competitive premiums.

 

Even with the failure to pass the Better Care Reconciliation Act of 2017, state and federal governments will continue to put burdensome new laws and regulations for employers in place. The professionals at Progressive Employer Management Company can help you manage these complex employment law and regulation requirements. Contact us for assistance.

Even with the U.S. Congress failing to repeal or replace the Affordable Care Act (ACA), small- to mid-sized businesses still face uncertainty over the future of employee health benefit regulations. The human resources and benefit experts of a professional employer organization (PEO) like PEMCO can provide guidance in navigating the changing legal landscape.

The adoption of the Affordable Care Act (ACA) in 2010 forced new regulations on many employers with the threat of financial penalties without compliance. Now, after organizations have had years to learn to deal with those requirements, they are faced with the prospect of the playing field changing yet again. Despite the defeat of the most recent efforts to replace the ACA in July, it remains an open question whether lawmakers will move forward on further attempts at modifying the law.

For example, one option that legislators discussed was repealing the small business health insurance tax credit. Currently, businesses can qualify for the credits if they have fewer than 25 full-time equivalent employees making an average of about $50,000 a year or less. The credits can be worth up to 50 percent of the costs the business pays for employee premiums. This would make it even more important for small businesses to get the most value for what they spend on health insurance. By utilizing PEMCO’s buying power, your company can continue to access health plans with more competitive premiums.

Even with the failure to pass the Better Care Reconciliation Act of 2017, state and federal governments will continue to put burdensome new laws and regulations for employers in place. The professionals at Progressive Employer Management Company can help you manage these complex employment law and regulation requirements. Contact us for assistance.