Jun 25, 2013

Health Care Reform Forces Employers to ‘Play or Pay’

 Authored by Laura Miller Andrew  When the Patient Protection and Affordable Care Act was passed in 2010, many employers took a “wait and see” approach to compliance. Employers received a wake-up call June 28 when the Supreme Court upheld the major elements of PPACA. Time is almost up for employers, as the “Play or Pay” requirements become effective in 2014.  Following are steps employers can take now to prepare: – Determine if your company is required to “Play or Pay.”  As of Jan. 1, 2014, PPACA requires “applicable large employers” to offer “minimal essential coverage” to 95 percent of their full-time employees… Read more