Affordable Care Act Rollback Impact on PEO Industry
Summary
Several insurers including Anthem and Health Care Services Corporation (HCSC) are beginning to seek opportunities away from traditional distribution channels.IRS Notice 2018-06 extends the deadline for the 2017 ACA information-reporting requirement for insurers, self-insuring employers, PEOs, and other providers of minimum essential coverage under section 6055 and 6056.Executive Order 13814, spurring healthcare choices and competition across state lines, will likely encourage lower costs and national consistency in health care plans.For more information about SPAN Enterprises, visit its website at www.SPANEnterprises.com Rock Hill, SC, February 16, 2018 --( PR.com )-- Professional employer organizations face significant changes to 2018 Affordable Care Act reporting and compliance following Executive Order (EO) 13813, the Executive Order Promoting Healthcare Choice and Competition Across the United States.President Trump’s EO 13813 permits the purchase of health insurance across state lines and allows employers in particular situations to form associations to purchase health benefits on a merged basis.Executive Order 13814, spurring healthcare choices and competition across state lines, will likely encourage lower costs and national consistency in health care plans.About the ACAwise:Subsidiary of SPAN Enterprises, founded in 2016, ACAwise, leads the market in full-service ACA reporting and compliance softwares solutions for Applicable Large Employers (ALEs), and Third Party Administrators (TPAs).