Health Care Act: Tools and Answers for Employers and Individuals

Aug 8, 2013 | Federal Tax Developments, Prescott Accounting

EMPLOYERS (FOR-PROFIT AND NON-PROFIT)!!:

We are receiving information daily regarding the new Patient Protection and Affordable Care Act (ACA) (Also called “ObamaCare”), which is scheduled to phase in starting in 2014. Here’s some important information that will effect both individuals and employers before then:

For Individuals: The Individual Insurance Exchanges will be open for enrollment in October 2013.

For Employers: The scheduled Employer side of it has been delayed until 2015. However, there is a requirement for ALL Employers to post a notice for all new and existing employees (both full and part time) by October 1, 2013

The attached templates can be used by Employers for posting and handouts (click on the link that applies):

Template A_withoutplans: For employers who DO NOT offer a health plan
Template B_withplans: For employers who offer a health plan to all or some of their employees

In addition, we’re excited to announce a new, streamlined health care tool , housed at Business USA, to help you find out exactly what you and your employees need to know about the Affordable Care Act. In a few quick steps, you’ll understand the essentials of new insurance options and other health care changes. We tried it and think it will help you work through all of the options. Click on the link below to access the tool (if the link doesn’t work, copy and paste the URL to your browser):

http://business.usa.gov/healthcare

Rest assured, we will pass on all final, relevant information, links and tools for both individuals and employers, as it becomes available. We at Schutte & Hilgendorf CPAs are trying to keep in front of the information to answer your questions as you begin to contemplate what this means for you individually and as a business owner or manager. Look for announcements and new developments either through direct mailings or email. All content will also be posted on our website, www.prescottaccountants.com.

To find more information directly, go to https://www.healthcare.gov/ , the official website for the ACA.

If you have questions, call us today!

Schutte & Hilgendorf CPAs is a full service public accounting firm, providing tax preparation, planning, audit, accounting, and QuickBooks set and consulting to Prescott and the great Yavapai and Northern Arizona region.  Call us for more information at 928-778-0079

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