While some provisions of the law continue to evolve, most have been defined, so it’s important you prepare your business to comply with immediate changes and plan for longer-term reforms.

Follow the three steps below to get started. If you work with a health insurance broker or tax accountant, they should be able to help you with these tasks.

Review

• Review your eligibility for the Small Business Health Care Tax Credit

• Review your health plan documents and summaries for compliance with short-term insurance market reforms, and ensure required notices are distributed appropriately by the applicable deadline

• Review your current health plan coverage, and evaluate your options to either retain a grandfathered plan or purchase a new plan that complies with the insurance market reforms included in the most recent health care legislation.

Revise

• Revise open enrollment and new hire materials to reflect changes required under the law.

• Unisource will help you keep your employee communications up-to-date.

Consider

• Consider implementing a health and wellness program in your workplace if you don’t already have one. Premium discounts may be available for participating employees and employers continue to see the benefits of having a healthier workforce.