The Affordable Care Act (ACA) will begin January 1, 2015 for employers with 100 or more full time equivalent employees.
At Integrative Staffing Group, we have taken an aggressive, proactive approach by partnering with health benefit consultants, CPA firms and government affairs representatives in order to better understand the looming health care situation.
Many companies that currently offer health care coverage are finding increases to their premiums, while other companies that currently do not offer coverage are faced with a significant projected expenditure. These changes will result in increased costs to your business, make your company more susceptible to IRS audits and place a large amount of administrative burden on you to manage health care benefits.
HOW IS YOUR COMPANY GOING TO HANDLE THE CHANGES IN HEALTH CARE?
Reducing Staff Levels?
Considering scaling down your operations by reducing staff levels to stay under the 50-employee threshold? If so, how will your business ever grow?
Hiring Mostly Part-Time Employees?
Considering creating a workplace of mostly part-time employees in order to possibly not qualify for the health care changes? If so, how are you going to find more qualified staff to fill the gaps of time while paying for additional training costs?
Simply Raising Your Prices?
Considering raising your prices of goods/services and passing it on to your customers? Good luck keeping your customers, as smaller competitors who don’t qualify for health care will quickly sell on lower costs and steal your customers.