Consumers who switched to an exchange-based plan from employee benefits may be wishing they hadn’t done so, as a new report suggests copayments and coinsurance fees have increased since the Patient Protection and Affordable Care Act was signed into law.
For the 27th time since the Patient Protection and Affordable Care Act was signed into law, the legislation has been changed in a material way, this time postponing when companies will be required to make employee benefits available to their workers an additional year.
Many people are finding that they’re stuck between a rock and a hard place when it comes to receiving financial assistance.
Despite being described as “affordable,” the mandates of the health reform law have taken a financial toll on businesses that provide employee benefits to their workers, according to the results of a new survey.
The 10 essential benefits provision of the Affordable Care Act requires that all employee benefit plans – as well as those that are purchased independently – have specific benchmarks, such as ensuring dental coverage, emergency services, maternity and newborn care.
In an effort to save on operational costs stemming from having to provide their workers with a specific type of employee benefits, many people who are now working 40 hours per week will see their hours slashed in the coming months or years, according to the assessment of a recent report.
It’s estimated that 22,000 Americans have sent in a request to health officials within the government, asking that they correct errors that they encountered when trying to sign up for a health plan, The Washington Post reported.
The results of a new report suggest that premiums are so affordable through the federal and state exchanges, companies that provide employee benefits to their workers may decide to encourage them to utilize these marketplaces if they want to save money.
A new report suggests that as a result of the Affordable Care Act, million of Americans may wind up losing both their employee benefits and their jobs, as business owners pare back their staff levels in order to save on costs.
By not expanding Medicaid, states could be bringing significant costs for business that operate in the area, including those that provide employee benefits, according to a new report.
