New Health Care Reform Tools Available, Check Them Out Today!

Wondering how health care reform is going to affect your clients business? The Michigan Business & Professional Association (MBPA) has created two new health care compliance tools for you to use. These services are complimentary for all Associations members:
  

NEW MBPA Employee Calculator:  Who is a “large employer” under the Affordable Care Act?

A new MBPA Agent tool helps you determine whether your client is a “large employer” under the Affordable Care Act (ACA). A large employer has 50 or more full-time equivalent employees and is subject to specific health reform requirements. This includes the choice of offering employees affordable, minimum health insurance or potentially paying a tax penalty.

Determining your client’s employee count sounds easy. But, keep in mind there are three steps:

STEP 1:  Determine whether your clients are a “large employer” by examining the number of full time employees (FTE’s) and part-time employee hours – CLICK HERE for MBPA’s new tool to guide you on this issue.

STEP 2:  If your clients are a “large employer,” decide whether to offer insurance to employees and determine if that coverage is affordable and meets minimum levels; and

STEP 3:  If your clients are subject to the penalty, determine which employees must pay a tax penalty for and the cost.

Agents a NEW Health Care Reform Business Checklist Available to You and Your Clients!
The 2010 Affordable Care Act (ACA) draws a line in the sand between small and large businesses, defining small businesses as those with fewer than 50 employees. This has led many Michigan businesses whose employee count hover around 50 to evaluate how the ACA impacts their hiring and health benefit decisions. This checklist helps to inform Michigan businesses of ACA implications based on their business size; it also aims to assist you. Combined with the MBPA’s new FTE calculator and checklist this information will give you the benchmark you need to make important decisions related to health care reforms new mandates.

To access the Health Care Reform Business Checklist CLICK HERE

Important Reminders:
The Michigan Business & Professional Association also has the following compliance tools and valuable resources available for all members –

• Health Care Reform Business Tax Credit Estimator Calculator CLICK HERE
• Free Small Business Health Care Reform Guide CLICK HERE
• Free Health Care Reform Timeline CLICK HERE
• Plus, don’t miss the great resources available via MBPA’s Health Care Reform Connect website.