Whether you call it Obamacare, the Affordable Care Act (ACA) or the Patient Protection and Affordable Care Act (PPACA), health care reform is already having an impact on a number of areas within a business. An advisor belonging to the Benefit Advisors Network will inventory your business risk and issues, note the gaps in execution, put plans in place to assist in complying with the legislation, and develop a strategy to address these risks.
Chief Financial Officers will also want to inventory the direct and indirect costs associated with the implementation of PPACA. The two biggest concerns you most CFOs today face are:
• As an employer, do our employer’s benefits’ costs increase, decrease, or stay the same under PPACA?
• Do the employer’s indirect costs (i.e. expenses to amend policies and procedures, accounting costs, and other third-party costs) change as a result of PPACA’s implementation?
In the Benefit Advisors Network our team of experts have the experience to navigate these complex issues for clients of all industries and sizes.