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Health Care Reform What are my options?

Health Care Reform What are my options?. Presented by: Patrick Pennefather, CLU, ChFC, CEBS, LUTCF Client Manager David Gangi Account Executive. Happening Right Now!. The United States Supreme Court Ruling expected by the end of June, 2012.

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Health Care Reform What are my options?

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  1. Health Care Reform What are my options? Presented by: Patrick Pennefather, CLU, ChFC, CEBS, LUTCF Client Manager David Gangi Account Executive

  2. Happening Right Now! The United States Supreme Court Ruling expected by the end of June, 2012 Regardless which outcome occurs: employers must deal with massive changes in the industry. 2

  3. In Addition to the Supreme Court Ruling Defining Full-Time Employees: • PPACA currently defines full-time employees as working “30 hours per week” • Impact on determination of “large employer” status and corresponding coverage and penalty requirements • Impact on future automatic enrollment requirements • DOL Department of Treasury and HHS have asked for comments on determining “full-time employees” • Look back provision 3

  4. In Addition to the Supreme Court Ruling We are one renewal away from full implementation of Health Care Reform 4

  5. Massive Changes for Employers 5

  6. What are my Options? • The prudent course of action is to plan to implement those changes • However: • Still anticipate a significant amount of future regulations and/or guidance • Difficult to predict what will be included • Difficult to predict law changes • Difficult to predict outcome of the US Supreme Court case 6

  7. What is the Best Strategy? 7

  8. What Employers Need to Do... • All employers need to decide whether to “pay or play” • Develop a solid multi-year health care strategy • Re-evaluate frequently as landscape continues to change • Employee communication is critical 8

  9. Health Care Reform. What are the Options? Questions??? 9

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