Communicating Obamacare to Employees

Regardless of the controversy surrounding the healthcare initiative, ObamaCare does offer several benefits to individuals and families.  It’s important that you help your employees understand these benefits and how they will be affected by them.

In an effort to help you communicate ObamaCare, following are some of the highlights that you’ll want to share with them:

– Assistance with premiums.  If a family makes less than $93,700 (an individual less than $46,021), they will be entitled to financing to help pay premiums when purchased through the online marketplace.  Considering the current costs of healthcare, this could represent a significant personal savings in the ongoing monthly financial commitments associated with insurance.

– No annual limits on healthcare.  Prior to ObamaCare, insurance companies were able to place a “cap” on the amount of healthcare service payouts that an individual/family was entitled to.  Once this maximum amount was reached, all additional financial obligations were the responsibility of the individual.  Under the new law, insurance companies can no longer limit the amount that they will pay out.

– Insurance protection.  As a result of ObamaCare, insurance companies can no longer “drop” coverage on an individual due to a long-term illness.  In addition, individuals can no longer be denied coverage for pre-existing conditions.   These two changes offer significant protection to individuals with conditions that made it difficult to secure or keep coverage to help with.

– Preventive services.   Another key benefit of ObamaCare is the heavy focus on preventive services.  This means individuals and families will be entitled to many additional services such as wellness visits, all without the requirement of a co-pay.

– Extended Insurance.   Thanks to ObamaCare, children can now remain on their parents’ insurance plan through the age of 26.  While it may have previously been a challenge for these ‘tweeners to get affordable insurance in college or in menial college jobs, they will now be able to maintain high quality insurance until they are far enough along in their professional careers to secure appropriate insurance for themselves.

There are also additional and improved benefits for women and seniors, the specifics of which are too great to go into in this article.  Ultimately, ObamaCare is touted to offer improved care and better protection for all individuals.  For more information, feel free to visit ObamaCare Facts website.

As always, if you have any questions about how ObamaCare will impact your business or what you need to do to remain compliant, contact Lescault and Walderman at 866-496-2042.  We’re here to help.