By Anna Gaynor
Aug. 10, 2012
Willis North America’s human capital practice has announced additions to its health care reform impact analysis calculator, the unit of Willis Group Holdings P.L.C. said in a statement Thursday.
The proprietary tool allows companies to examine health plan possibilities within the Patient Protection and Affordable Care Act of 2010. The changes include considerations for the “play-or-pay” provision and the excise tax on “Cadillac” health insurance plans.
The program features a Cadillac plan calculator that allows companies to estimate the penalties associated with different plans. The tool helps them maximize their benefit offerings while still avoiding the tax. The play-or-pay calculator figures the monthly exposure to potential penalties based on the number of full-time employees and the number of hours worked.
Also included is a listing of descriptions and effective dates for past, current and future health care regulations.
“Given the recent Supreme Court decision related to health care reform, we know clients need to refocus on their action plan,” said Jim Blaney, CEO of Willis’ human capital practice, in a statement. “We redesigned the financial modeling capabilities of our original health care reform impact analysis calculator to provide our clients real-time, actionable data based on plan design criteria, and to indicate how certain decisions would affect pay-or-play or Cadillac plan excise tax liabilities.”
For more information, contact Jay Kirschbaum from Willis human capital practice national legal and research group at firstname.lastname@example.org or 314-854-0243.
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