Monday, July 16, 2012

Will your employer abandon health coverage under new law?




pioneer press ^ | 7-15-12 | Christopher Snowbeck

Under the law, employers with more than 50 workers will need to either offer coverage or pay a penalty -- a decision routinely described as "pay or play."

Peyton is philosophically drawn to sticking with her "play" decision. But she wonders whether the "pay" option could make more sense for her business and her employees.

Some workers might find better coverage through state health exchanges, which are being created by the health law and will offer subsidies to many health insurance shoppers. At the same time, the law brings changes to group policies that could make employer-sponsored plans more expensive to maintain.

"I kind of feel it's morally right to offer it," Peyton said. "But if there's a savings in paying the penalty and greater flexibility for my employees, I'll probably go that way."

(Excerpt) Read more at twincities.com ...

T-Shirt