![[Webinar] The Most Important Changes About ACA for 2023 - What You Need to Know](https://www.combinedhcm.com/hubfs/aca-webinar-december2022-1024x576.jpg)
The ever-evolving landscape of employer health plans demands constant attention and adaptation. To help employers navigate these changes, Bob Radecki, an expert in HR and Benefits Compliance, delved into the most crucial updates and provided valuable insights into what to expect in the coming year.
One of the key topics covered in the webinar was the updated healthcare cost transparency rules. Employers were informed about the new online tool that plans need to offer, enabling employees to access critical information about their healthcare costs.
Another significant development discussed in the webinar was the new IRS definition of employer plan affordability for family coverage. Employers need to understand this definition to ensure compliance with the Affordable Care Act (ACA) and avoid penalties. The webinar provided clarity on the criteria for determining affordability, helping employers make informed decisions regarding their employees' health plans.
Additionally, the webinar shed light on a new reduction in ACA affordability, which could impact the contributions employers make to their employees' plans. Employers must be aware of these changes to adjust their benefits packages accordingly and maintain the affordability of health care for their workforce.
Lastly, the webinar touched upon other breaking legislative and regulatory changes that employers should be aware of. Staying informed about these updates ensures that employers can proactively address any future changes, adapt their health plans, and provide the best possible coverage for their employees.
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Outline of the webinar:
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Updated health care cost transparency rules and the new online tool that plans need to offer.
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The new IRS definition of employer plan affordability for family coverage.
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Special rules to pay attention to regarding the National Health Emergency and the associated Outbreak Period.
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The importance of Applicable Large Employers accurately reporting ACA now that the IRS has removed good faith relief for reporting errors.
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New reduction in ACA affordability which can impact how much you contribute to your employees plan.
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Other breaking legislative and regulatory changes.
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