DANVILLE — Forty-one insurance brokers from across the Susquehanna Valley region gathered at Pine Barn Inn for a seminar preparing them for next year’s healthcare changes brought about by the Affordable Healthcare Act.
The seminar was hosted by Geisinger Health Plan, with one of the main events being a presentation from Vince Phillips, a Harrisburg lobbyist who has represented several health insurance associations. Attendees came from nearby counties with other traveling from as far as Harrisburg, State College and Wilkes-Barre.
Phillips addressed several issues that employers will be facing when certain parts of the healthcare act trigger on Jan. 1, 2014.
“The employers are relatively clueless about how any of this stuff works,” he said in a conversation after the presentation. “They should look to a broker to talk them through how this will work,” as a broker’s job is to guide people through the maze of insurance law.
He suggested employers start reading email newsletters such as the Kaiser Family Foundation and Employee Benefit News, which compile headlines and articles from the health insurance field. Business owners need “to get their own information as to what’s going on,” said Phillips. “The more education they can get on this, the better.”
Points brought up by Phillips to the brokers were that employers with 50 or more full-time equivalent employees must offer coverage to 95 percent of their employees. If they do not at least offer the coverage, the employer will be fined $2000 for each of its full-time employees, with the first 30 exempted.
If an individual employee turns down the company policy, the employer is not affected so long as the insurance was offered. The employee could still be financially penalized for not later obtaining a health insurance plan through another provider, using a specialized insurance marketplace known as an exchange.