Tuesday, January 21, 2014

Tip Tuesday! Prepare for 2015's play-or-pay penalties today: 4 places to start

By Peter Marathas


Employers should already be focusing on getting ready for 2015 and it’s an adviser’s job to tell them this. The play-or-pay penalties will be enforced next January. Benefits lawyer Peter Marathas, of the firm Proskauer Rose and its Health Care Reform Task Force team, says there are four areas advisers need to sit down to prepare their clients for today.

We don’t need to remind this audience that the employer mandate was delayed, on July 2, 2013, to January 2015. Many of you were already in detailed discussions with your clients about play-or-pay and can pick back up on those right now. Marathas, who spent time working on the implementation of the Massachusetts health law, says affordability, full-time hours, employee status and nondiscrimination are the first things you should revisit with existing clients or begin discussing with new clients.

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