The IRS has posted draft instructions for the various Affordable Care Act reporting that will be done for calendar year 2015 and while the instructions provide much needed guidance for employers and insurers, they also confirm the daunting complexity of the reporting task.
Employers continue to express interest in private exchanges, but most are hesitant to be the first to make the jump. What they will do once others switch, however, may surprise you.
Large employers say they dont have plans to eliminate health care coverage for active employees in 2015, although 35% say they are considering moving their active employees to a private exchange in 2016 or beyond, a recent survey finds.
Employers say in 2015 they will continue to shift toward offering CDHPs, but many need adviser help to engage employees in better health care decisions and understand the benefits of a private exchange.
Even with a four-year high in the hiring, manufacturing and service sectors, benefits managers are utilizing higher pay and improved benefits to deal with their ongoing recruitment challenges.
Benefit advisers hoping to stay ahead of the trend of employers transferring some of the burden of increased health care costs to their employees, should be prepared to discuss a variety of new and old cost-sharing strategies, as well as additional cost-saving tools.