SURPRISE! The Affordable Care Act Can Actually Save you and Your Employees Money
Categories: Membership Meeting
NOARK is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CP® or SHRM-SCP®. This program is valid for 1.00 PDCs for the SHRM-CP℠ or SHRM-SCP℠. For more information about certification or recertification, please visit shrmcertification.org.
This Program has been approved for 0.99 HR (General) recertification credit hours toward aPHR™, aPHRi™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®).
The use of this official seal confirms that this Activity has met HR Certification Institute’s® (HRCI®) criteria for recertification credit pre-approval.
SURPRISE! The Affordable Care Act Can Actually Save you and Your Employees Money
The Affordable Care Act was created with the intention of getting more Americans health insurance. This was
Primarily done using three mechanisms:
- Creation of Employer and Individual mandates and penalties
- Creation of healthcare exchanges
- Giving the states the ability to expand State Insurance Programs to the working poor by changing age and income requirements (Ages 19-64, 138% FPL)
Most employers have focused on the mandates and some on the use of exchanges. Many have overlooked the use of expanded state insurance programs to both reduce their healthcare costs and more importantly help their employees who need it the most gain broader coverage, reduce their medical costs and increase their take home pay. Thirty states plus Washington D.C. have expanded their state plans creating an opportunity for employees to obtain coverage and medical care at very little cost. Coverage can also include family coverage, dental and vision.
This session will provide you with an understanding of the following:
- New cost saving coverage options available to employers and employees
- Future changes on the horizon in 2016
- Financial model that can be utilized to estimate impact on your organization
- Common hurdles and solutions faced by HR and Benefits department to managing these changes
SPEAKER: Kerstin Nemec - President
Kerstin Nemec is a 25 year veteran in the tax, financial/business services and consulting arena. She has served in leadership positions with several top companies in the United States. She began her career with KPMG and rose to be the National Partner-in-Charge of their Credits and Incentives Practice. She also served as a Senior Vice President with GE Consumer Finance and Vice President and National Practice leader with ADP. She specializes in building businesses that focus on developing cost saving solutions for businesses and consumers. She has helped companies save well over $500 million throughout her career. She has been featured in the WSJ, Financial Times, Bloomberg, and Area Development Magazine.