g5000
Diamond Member
- Nov 26, 2011
- 125,230
- 68,949
If those plans aren't up to aca regulation specs, how do you reconcile that they will be allowed to keep their plans? I cover 49 employees and the plan that I have offered, through a small business pact with several other owners, doesn't satisfy those standards.
I have explained this the umpteen other times this rumor has come up.
But first, you have less than 50 full time employees, so you are not subject to the employer mandate.
For those who are subject to the mandate, they will have two choices IF they lose their grandfather status and IF they have more than 50 full time employees and IF they do not meet the ACA standards.
The first option will be to improve their plans. This will result in employees having BETTER coverage than they did before. Yay!
The second option will be to stop sponsoring insurance for their employees. This is the dreaded "cancelled policies". It will be nowhere near 80 million people.
In this stuation, the employer will be assessed a fine which will be used toward the insurance their employees will get through an insurance exchange. So, again, the employees will have BETTER coverage than they did before. Yay!
For many, if not most, employees who get insurance through their employer, their workplace insurance plans already exceed the ACA requirements before there even was such a thing as the ACA. For these people, if their employer loses their grandfather status, it will have no effect. Which is why I have said in every topic about this is that people just need to go and speak with their HR department to see if I tell the truth. They will quickly discover Fox News is full of shit.
That's still not reconciliation. I knew that much. Again, differing coverages will be subjected to higher premiums and deductibles based on what is offered in these plans. Prices will rise. Who is to say what I should or should not have in my plan? Apparently, govt does and has mandated that the individual pay a higher premium for such coverage.....even if he/she does not want it. There's nothing yay about that.
I am totally with you on being against the government mandating what benefits an employer must provide to their employees. It's totally bogus.
Not only that, it will bend the cost curve up even more. Employer sponsored health insurance is a gigantic boondoggle. ObamaCare should not be further entrenching it. If we really want to reform the cost of healthcare in America, employer-sponsored health insurance needs to go away.