AzBusiness magazine September/October 2015

Page 16

healthcare

Employer compliance in the ACA era Tips for providing good healthcare without risking insolvency

T

he healthcare industry is evolving at a breakneck pace – and costs are rising just as dramatically. The year ahead will be especially challenging; at tax-time, many employers will be shocked to learn the extent of the penalties they owe for not complying with the Affordable Care Act. In fact, fines will be high enough to put some companies out of business. It doesn’t have to be this way. Businesses can provide affordable care that complies with the law much more easily than people realize. Knowing the fundamentals is key.