Attracting and retaining the best and the brightest is a must in today’s economy. The cost of providing benefits is rising significantly, while employees consistently seek more and more from their benefits packages. Many employers struggle to balance employee needs with their own capabilities and bottom lines. Our client customized approach gets the most out of your employee benefits package.
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Insurors of Texas Hosts Health Care Seminar
Insurors of Texas decided to hold the seminar after getting deluged with phone calls following the re-election of President Barack Obama, said Shane Baker, vice president of employee benefits.
A lot of companies didn’t want to do major planning around health reform until they knew the outcome of the election, he said, because Republican challenger Mitt Romney promised to repeal “Obamacare,” if elected.
But now that the law’s future seems intact, companies want to make sure they are in compliance by January 2014, when the law will be fully implemented, Baker said.
About 180 current clients of Insurors attended the meeting, along with about 30 prospective customers. Many in that latter group do not currently offer insurance to employees, he said.
The speaker at the event was Lori Oliphant, a Dallas attorney who specializes in employee benefits law. She has given talks on the Affordable Care Act to groups across the state.
The biggest concern among businesses, Oliphant said, is the law’s “play or pay” provision. Companies are having to weigh the cost of offering coverage versus the penalty.
The other major source of anxiety is that rules have not yet been issued for many of the law’s provisions, Oliphant said.
“It’s frustrating because people just don’t know” what exactly what will be required, she said.