Affordable Care Act Endures Survival Test: What Now?

After months of political campaigns, debates, commercials, and fundraisers, you casted your vote and intensely awaited the presidential election results along with your fellow Americans. Sitting on the edge of your seat as you watched the results come in was the easy part, as we are now faced with complex choices and business decisions to make as the Affordable Care Act endured its last survival test on election day. Depending on the size of your business, you will need to evaluate both pros and cons of providing health insurance plans to your employees. It is crucial for you to be aware of penalties you could be facing for not providing coverage and of your state’s policy on purchasing coverage through the health insurance exchanges. Although it seems that we have plenty of time before 2014 arrives and the new laws take effect, it is important to start planning and preparing as soon as possible to ensure the proper and most advantageous business decisions are implemented. Inc. provides some insight in the attached article to:

  1. Weigh the Costs
  2. Check Your State’s Approach, and
  3. Take Your Time