Business owners have felt the pain of paying increasing premiums over the last couple of years. In 2016 the game will change, stakes will be higher, and many will be caught unaware: premiums are due to increase, and new Affordable Care Act regulations will force businesses that employ over 50 people must now offer healthcare benefits. The ACA compliance and reporting will be mandatory as well. Those not acting quickly enough, or those with rouge employees who tap into the Marketplace will be fined significantly.
The facts are the minimum penalty non-compliance is going up greatly in 2016. The employer mandate will go into full effect and dictate that employers must provide their full-time employees, as well as their children up to the age of 26, health coverage options. Insurers are set to enact their largest premium rate hikes yet. If an employee dips into the Marketplace to look for insurance, his or her employer could be fined and audited.
According to a survey by the International Foundation of Employee Benefits Plans, 33% of employers expect the greatest cost increase from the ACA to come in 2016, and main cost drivers to be the Excise Tax, administrative costs, disclosure, reporting, and notification costs. Already, 82% of business owners say the law is raising their costs this year.
Julie Stich, CEBS Director of Research, predicts that many companies will require complex IT infrastructures, and many hours of labor and data collection to deal with the changes. Smaller organizations will feel the cost of implementation most dramatically.
Experts in the new and changing laws, Aliere Advisors now offers a new [tri-funded group health insurance plan](http://aliereadvisors.com/) that gives their employees better coverage at a lower cost. Tri-funded means that the employee pays part of the cost, the employer pays part of the cost, and the insurance company pays the rest.
Unlike self insured group health plans of the past that were designed to serve only large companies, Aliere Advisors provides a service especially tailored to the modern business of just about any size. It works because it is flexible, and it cuts out the fat: people don't pay for what they don't need. Here, businesses, and buyers have the control. They can shape their plan according to the size of the company, the frequency of use by individual employees, and by employee's specific health needs. An added benefit, is that employees could take home over $1,000 a year in savings.
Aliere Advisors is the first, and thus far the only company on the market that offers such thorough, and holistic protection to American business owners, and their staff. Offering risk avoidance, HR outsourcing, employee health insurance, cost reduction, and ACA compliance, this company is a shoulder to lean on for any business looking for help.
To speak with an advisor for free and to find out more about this new service, see them here: http://aliereadvisors.com
Call 888-208-9241 for more information, or to obtain an interview.
