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Wednesday, 25 January 2017 20:13

Update on ACA Repeal and Replace Strategy

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It was no secret before President Trump signed the executive order that he wanted the Affordable Care Act (ACA) repealed, and now he has made his intentions clear. His first signed executive order requires federal agencies to ease the economic burden of the ACA “to the maximum extent permitted by law” until it is repealed. Although the executive order doesn’t grant the administration any powers that it didn’t already have, it does signal to the public that change is coming. 

One of the root causes of rising healthcare costs is that services are often delivered in more costly locations than needed.  Anyone who has attended a Fall River enrollment meeting knows that we continually educate employees about how accessing care in the right place can save time and money.  
 
One way to do this is to become more familiar with Convenience Care Clinics, or Retail Health Clinics. These walk-in clinics in some grocery stores and pharmacies allow you to access care immediately, without waiting for a doctor’s appointment or visiting a more expensive Urgent Care center. 
In President-Elect Trump’s administration, changes to our healthcare landscape seem to be inevitable.  Nominations for many prominent cabinet positions have already been made and will be considered by Congress starting in January.  What should you expect?  

Here are the three nominees that we think will most impact you as an employer. 

As we blogged about last month, the filing deadline for the 1095 reporting required of large employers has been pushed back to March 2nd from January 31st.  There are some general changes to the process, and also changes to the 1095 forms themselves. 

 
The largest increase for the individual market in Colorado, since the inception in 2014 of the Affordable Care Act Exchanges, will go into effect in 2017. Therefore, most small group insurance plans are now a better value than individual plans. As a result, some small businesses who dropped coverage to send their employees to the then cheaper individual market, are now thinking of going back to group. 
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