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Health Care Reform September 9, 2010

Health Care Reform September 9, 2010. Richard Ollis. WELCOME!. Current Status of Health Care Reform. The new law has been clarified and modified 7 times since March of 2010. We expect another industry clarification before September 23, 2010.

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Health Care Reform September 9, 2010

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  1. Health Care ReformSeptember 9, 2010 Richard Ollis WELCOME!

  2. Current Status of Health Care Reform • The new law has been clarified and modified 7 times since March of 2010. • We expect another industry clarification before September 23, 2010. • Many insurance carriers are struggling with the new rules: • Grandfathering Provisions • New Pricing • New Mandatory Coverages • Management Only Plans

  3. Our Response • Continued Updates on timelines, new developments, clarifications • Partnering with experts in other fields • Tax & Fine Implications – The Whitlock Company • Legal Implications – PolsinelliShughart • Political Developments – US Chamber of Commerce • Developing HCR Business plans for our clients • Timelines • Communication Strategies • Plan Design • Wellness

  4. Commonly Asked Questions • Should my business try to retain grandfather status? • If I have a management only plan or pay different amounts for classes of employees, can I continue this practice? • How should I communicate these changes to my employees? • Should I continue offering employee benefits? • What are the tax implications? • What’s next?

  5. September 23 and Beyond • Today our panel of experts will answer many questions and clarify insurance, tax and political implications of HCR as we know them today. • We will offer future notifications and seminars as the law is clarified and modified. • We have partnered with tax, legal, and political experts to help guide us through the implementation. • We will help develop a HCR business plan which will be updated as legal, tax, political and insurance conditions change.

  6. We will address questions at the end of each sequence of the program • Political • Tax • Insurance • We will take a break at 8:50am • Restrooms are located to the right as you leave the room • We will remain after the session for individual questions.

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