Businesses Need to Take Care!
We know many of you have questions about what the newly passed health care reform legislation, H.R. 3590, contains and how it will impact your business as well as individually. As a licensed agent, insurance broker and member of NAHU (the National Association of Health Underwriters), we are working hard to provide you with the information and tools (new options & strategies) to better prepare for the future.
The amount of information about the reform bills being released right now is staggering, and we feel that it is very important to make sure we analyze these measures thoroughly to help you provide the best information to your clients. Please keep in mind that the passage of this legislation is just the beginning point, and the implementation and regulatory processes surrounding these measures will take years. Right now however, is a great opportunity to start this evaluation process, stay ahead of the curve and determine your best course action.
Through-out 2009, JRINS (John Riley Insurance Services) has worked with its strategic partners (LAAHU, chambers, hospitals, physicians & industry experts) through public seminars & chamber discussions to educate businesses on what can be expected from reform and ways in which they can prepare. More than ever, businesses of all sizes (especially co.’s under 50 employees) should begin to protect themselves from what looks to be a planned government assertion on business practices through increased policies, policing and fines. It is also important to note that in a difficult economy, employers will have the added pressure to protect themselves from frivilous employee lawsuits as the Larry H. Parkers’ of the world turn their focus to the employee entitlement market which is increasingly evolving. Businesses need to take care and be prepared.
To better understand reforms planned changes, we (NAHU) have assembled two new charts to help explain the time-line for implementation of the law. The first is a very detailed chart for your reference that explains how all of the new health insurance reforms in both the Senate bill and the reconciliation bill will impact private health insurance organized by effective date. The second chart is a simplified timeline that explains how both pieces of health care reform legislation will impact you individual and/or as an employer.
