What Does Affordable Care Act Mean For Group Benefits?
By now you’ve heard that the United States Supreme Court has decided to uphold the key provisions of the Affordable Care Act. HR Knowledge has long advocated for everyone having quality, affordable health care coverage, and today’s decision supports these efforts.
Given the amount of media coverage and public discourse we expect following this historic decision, HR Knowledge wants to provide some important information to our clients and employees:
- First and foremost, rest assured that your current medical coverage is not impacted by this decision and will remain in effect.
- HR Knowledge will continue to work together with state and federal leaders, as well as with the insurance carriers to ensure that they implement the Affordable Care Act
The decision itself is 193 pages. While we are still digesting it, the Court determined that the individual mandate provision survives as a tax, rather than a power under the interstate commerce clause. In addition, the Court determined that states that elect not to expand Medicaid eligibility will not lose their existing Medicaid funding. We will continue to review the Court’s decision in greater detail to determine the specific impacts on your business.
Should you have any further questions, please contact Ken Bettenhauser, President of Benefit Services at 508-339-1300 or at email@example.com
HR Knowledge is a provider of integrated HR, payroll and benefits services. Our offices are located in the Boston, MA metro area and we service companies throughout the United States.