One of the many features of the Patient Protection of Affordable Care Act was the requirement that employers provide their full-time employees with insurance that meets the requirements of the act. Failure to provide appropriate insurance to your full-time employees will result in severe financial penalties to employers. For home care providers, this is especially an owner's burden given that in the same time this will increase your employee costs. Your income whether it be through Medicare, Medicaid or Private Duty Payments from patients are generally going down. Providers need to consider how to deal with this requirement. The deadline for meeting the mandate was January 1, 2014 which is now January 1, 2015. This gives employers a chance to explore insurance options as well as consider other ways to comply with the rule. Providers need to use this time to identify the most cost effective way for them to meet their obligations in order to minimize the losses incurred as a result of the new compliance requirements.
In this session, expert speaker Robert W. Markette, Jr. will review the requirements of the law. He will answer the following questions—Issues related to what is a full-time employee? How is eligibility determined and how are the penalties calculated? Who will use this to consider some options for compliance? Robert will also discuss how the look back period as opposed to the IRS regulations will work so that employers can consider now when they need to have any compliance efforts underway in order to take advantage of the look back period.
Areas covered in the session:
Ask a question in the Q&A session following the live event and get advice unique to your situation, directly from our expert speaker.
Who should attend? Human Resources, Administrators, Management Owners
For more than a decade, Robert W. Markette, Jr., CHC, has focused his practice on representing home health, hospice, private duty and DME providers in all aspects of their operations. With more than a decade of experience in working with these industries, Robert has developed a reputation for understanding the operational, compliance and legal/regulatory issues facing homecare providers.