It’s no secret that the implementation of the Affordable Care Act has been met with trepidation and resistance, particularly by members of the Republican Party. Abiding by the laws put forth by the ACA should be a top priority for business owners nationwide, as complying with these laws will help them reduce their Errors and Omissions Risk Exposure as well as EPLI Risk Exposure.
This has caused confusion for many companies that seek to repeal the Affordable Care Act. However, now that most of the law’s provisions have taken effect, health experts in many sectors are seeking methods to improve the ACA, rather than repeal it all together.
Last Monday, a varied panel of experts presented ideas to make the ACA laws work better, at the National Health Policy Conference. The one fact that panelists agreed on was that the ACA is too complicated.
Panelist Jon Kingsdale, the first head of the Massachusetts health exchange, stated, “We took the most complex health care system on God’s green earth, and made it 10 times more complex.”
The ACA is a particularly hot topic this week, as Sunday, February 15th is the deadline for the Open Enrollment period for 2015 coverage. If individuals haven’t enrolled in 2015 coverage by this time, they likely will not be able to buy Marketplace health coverage for 2015 unless they qualify for a Special Enrollment Period.
This deadline is particularly important for your clients who may not offer health coverage and have employees who still are not covered. It’s important to ensure all employees who are not currently covered under a healthcare plan know of this time limit.
At PL Risk, we understand the unique risks faced by your clients in various professions. Please contact us today at (855) 403-5982 for more information about our products and services.
