“Removing Roadblocks on Your Path to Success”


Health Care Reform is Looming…Is Your Business Ready?

If you’re worried or feeling overwhelmed with all the coming changes due to the Health Care Reform (HCR), you’re not alone. Fortunately, PCG can provide you with valuable assistance to navigate these complicated waters. Officially called the Patient Protection and Affordable Care Act, HCR is bringing sweeping changes to all U.S. citizens and legal residents, whether they are currently covered through their employer, individually or not currently covered at all.

How Does HCR Affect Your Business?

This is a great question that, unfortunately, does not have a simple answer. However, the benchmark for determining the affects of HCR is whether your company has 50 or more employees, or fewer than 50 employees. In this regard, the requirements under HCR, along with tax credits and penalties associated with HCR vary greatly. Kaiser Family Foundation has compiled a valuable summary of HCR that you can review here.

If you have fewer than 50 employees, HCR will not have such a dramatic affect on how you administer your health care plans, but there are changes that affect your business, including tax credits, plan coverage, renewals, maximum benefits and more.

Some of the most important questions you should ask are the following…

For businesses with 50 or fewer full-time equivalent employees:

  • Does your business qualify for early renewal of your current health plan for 2014?
  • Can your employee’s dependent child now be on the parent’s health plan until age 26?
  • Has the annual limit and lifelong maximum benefit amount changed?
  • Do you qualify for a small employer tax credit?
  • What is preventative mandate and how will that change?
  • Do you know that your employees can now roll over some of your FSA contributions?
  • Are your employees required to get their health insurance from you, as long as your offer health insurance?

For businesses with 50 or more full-time employees:

  • Is every business required to pay for health insurance for their employees?
  • What are the penalties if my company is not in compliance?
  • Can low income employees get subsidies from the government if you provide insurance for them? What about their dependents?
  • What exactly does the California Exchange Program offer?
  • What tax consequences does a company or family face in 2014?

These are a few questions you or your employees may ask regarding the HCR changes that are just around the corner.

The HCR is very complex and affects companies all across the country. To bring some clarity and sanity to the process, and help you understand how it will affect your company, PCG has developed a complimentary Mini-HR/HCR Audit to help navigate the changes. PCG and our strategic partner, Filice Insurance can identify the key areas upon which your business needs to focus, what changes need to be implemented, what financial exposure and potential penalties may be heading your way if you don’t insure proper compliance.

Let us help you identify the items that matter most and not let the HCR be so intimidating.

Call or email TODAY to schedule your complimentary Mini-HR/HCR audit.

Phone: 415.461.2586
Email: fwinchester@pcg-services.com

Until next month, we wish you all the very best and look forward to continuing to serve you.

Note that Pacific Crest Group offers employee development, human resources, recruiting services, accounting and IT services


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This newsletter is intended to provide generalized information that is appropriate in certain situations. It is not intended or written to be used, and it cannot be used by the recipient, for the purpose of avoiding federal tax penalties that may be imposed on any taxpayer. The contents of this newsletter should not be acted upon without specific professional guidance. Please call us if you have questions.

Copyright 2012, Pacific Crest Group, All rights reserved.

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