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  • Why Worry About Health Reform?

    Why Worry About Health Reform?

    HPO does not believe there is cause for concern on the part of employers regarding recent Health Care Reform.  Indeed, this legislation is geared to provide to the needs of the uninsured and underinsured and will make necessary changes to our system, such as the exclusion of pre-existing coverage limitations and lifetime benefit limitations.

     Employer based group health plans will remain in place and may include tax advantages to the employer. Any employer group with more than 50 employees will face a penalty beginning in 2014 for not offering health coverage to their employees. Offering or retaining coverage can actually foster employee loyalty and longevity, as well as decreased absenteeism and Workers’ Compensation costs.  Any changes to group health insurance system will be incremental and will not be fully completed until 2014. 

    There really is no way to predict any possible cost increases as a result of the reform.  Employers will continue to enjoy tax advantages from offering coverage to employees, and it is predicted that there will be growth within the marketplace.  It is the role of the Insurance Broker or advisor to continue to educate employers on the changing healthcare system.  

    Please contact us at 88VISIONARY (888-474-6627) for additional information or updates on health care reform.

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