On Tuesday, we live tweeted a seminar for our team members given by ADP about the impact of Healthcare Reform for us and our clients. There were several interesting take-aways:
- The delivery of healthcare services cost goes up about 1% per month on average.
- Starting in 2016, companies with 50-100 employees will be categorized as a small business, and will be required to meet the same regulations as companies with 0-49 employees.
- The Employer “Pay or Play” mandate penalties and reporting requirements for employers of 50+ full time employees are delayed until 2015.
- The Excise Tax or “Cadillac Tax” on high value plans goes into effect in 2018.
If you have questions about ADP’s research and how it will the impact of the ACA on your business, you may reach out to Amy Denson, firstname.lastname@example.org.