more-arw search

Q&A Forum

What are the key components of ACA that will survive, and what do I need to do, as CFO, to ensure alignment with the short and long-term framework(s)?

Now (with 10/1/13 date looming), is the time for us, as CFOs, to answer these key questions: • What are the key components of ACA that will survive, and what do I need to do to ensure alignment with the short and long-term framework(s)? • When and how will key provisions be implemented and enforced? • How do I protect our company against the risks associated with the health reform law? What are your thoughts?

Answers

Topic Expert
Regis Quirin
Title: Director of Finance
Company: Gibney Anthony & Flaherty LLP
LinkedIn Profile
(Director of Finance, Gibney Anthony & Flaherty LLP) |

Please take a look at a blog I posted on this site - "What Will Be Your Healthcare Strategy for 2014?" While I believe revisions are possible, it makes more sense to plan for full adoption, then be caught unprepared. The recent provision change does not alter the law, only the implementation timeframe.

Nick Araco
Title: CEO
Company: The CFO Alliance
(CEO, The CFO Alliance) |

Thanks, Regis -- Very helpful -- especially since I am gearing up to host a 'whistle stop tour' of CFO A Roundtables on this topic in 8 cities in the U.S. between 9/10-10/1/13. It will be interesting to hear and capture insights from CFOs from around the U.S. on the strategies and tactics they are utiziling to deal with this issue.

Topic Expert
Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO, SBAConsulting.com) |

What ever tack you take, remember that ACA will morph, dates will change, paperwork will increase, so your strategic and tactical plans must be a) examined monthly and b) very very dynamic.

Derrick love
Title: BDM
Company: Axcet
(BDM, Axcet) |

One option many overlook...using the services of a PEO (Professional Employer Organization). A) you become part of a large group (employee health plan) B) typically, your premiums are driven down and C) the administrative relief from a PEO will result in them tracking and following all the mandates and requirements as well as handling sending out all the notices in a timely fashion to help you avoid costly penalties of noncompliance.

Topic Expert
Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO, SBAConsulting.com) |

Not all PEO's are the same, and even the best of class sometimes clash with corporate cultures.

Examine both issues carefully before signing on. That said, I agree that moving to a PEO eliminates a tremendous pint of administrative work and provides stronger buying power.

1757 views

Get Free Membership

By signing up, you will receive emails from Proformative regarding Proformative programs, events, community news and activity. You can withdraw your consent at any time. Contact Us.

Business Exchange

Browse the Business Exchange to find information, resources and peer reviews to help you select the right solution for your business.

Learn more

Contribute to Community

If you’re interested in learning more about contributing to your Proformative community, we have many ways for you to get involved. Please email content@proformative.com to learn more about becoming a speaker or contributing to the blogs/Q&A Forum.