Benefits, your way

December 2013

The New Year is often a time for change.

This year is no exception as many requirements of the Affordable Care Act (ACA), the biggest change to health care in decades, officially take effect on Jan. 1, 2014.

We know change can be confusing. But as an employer, you have an opportunity to help your workers understand how the ACA affects them and your business.

The biggest change?

Most people will be required to have health insurance or pay a penalty.

Did all of your employees opt-in to your company’s benefits plan?  If not, are they covered by their spouse or partner’s plan?

Take some time in the new year to connect with your employees to remind them that they may have to provide information regarding their health insurance coverage when they file their tax return for 2014, as required by the IRS.  If your open enrollment period hasn’t closed, encourage those employees who may have chosen to opt out of your coverage to evaluate their options.  And, if you can, schedule follow-up sessions with your local insurance agent or broker to answer questions and discuss available benefits for those employees still considering their options.

Learn more about other ACA facts here.

Learn more about Aflac's solutions
This material is intended to provide general information about an evolving topic and does not constitute legal, tax or accounting advice regarding any specific situation. Aflac cannot anticipate all the facts that a particular employer or individual will have to consider in their benefits decision-making process. We strongly encourage readers to discuss their HCR situations with their advisors to determine the actions they need to take or to visit (which may also be contacted at 1-800-318-2596) for additional information.
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