Knoxville Healthcare Reform Assistance Helping Businesses Understand ACA

Knoxville Healthcare Reform Assistance Helping Businesses Understand ACA Knoxville Healthcare Reform Assistance Helping Businesses Understand ACA

New studies from multiple sources revealed that Knoxville business owners are still struggling to understand the implications of the Patient Protection and Affordable Care Act (ACA) and what changes businesses may see as a result. Thirty-six percent of businesses surveyed in a Nielsen consumer research report admitted that they are overly familiar with the ACA policies as they pertain to business practices. Another thirty-one percent express a moderate level of understanding about how their company will be affected by the new policy regulations, and 47% of total businesses polled were unfamiliar with the “whistle blower” protection afforded to employees who report policy infractions. Yet surprisingly fifty-five percent of businesses surveyed do not plan to seek outside assistance with risk management planning or council for understanding these new federal guidelines.

It is imperative for employers to understand that businesses with greater than fifty workers will be held responsible in 2015 for providing health insurance to their employees that includes specific coverage features. While small businesses are not required to do so, they are highly encouraged to provide healthcare coverage and in turn would be eligible for tax credit should they choose to. Furthermore, under the new whistleblower protection provisions, employees are protected from retaliation from their employers for reporting alleged violations of ACA policies. Retaliation, according to the Occupational Safety and Health Administration policy guidelines, is not limited to firing an employee, but also includes an array of bullying, discrimination and intimidation acts. Understanding the nuances of the ACA can be challenging, especially as policies face continued evaluation and adjustment, as such finding up to date Knoxville healthcare reform assistance can be a hassle.

At Barnes Insurance Agency we are dedicated to helping out clients understand the new penalties and requirements that all business owners should be aware of. We offer Knoxville Healthcare Reform Assistance Employer Information resources to our clients seeking the most up to date ACA information available to navigate these new realities. We can help your business craft a Knoxville Employee Benefits package complete with ACA compliant healthcare coverage, to ensure that you and your employees are fully protected. Call us today at (866) 733-5424 for more information about all of our Knoxville business insurance offerings.

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