Health Care Reform Online Modeling Tool
Barney & Barney's Health Care Reform Online Modeling Tool can help you determine how health care reform may affect your business.
CLICK HERE to access Barney & Barney's Health Care Reform Tool. Note: This tool is password is protected. For a username and password, please contact your Barney & Barney representative.
Created by the firm’s internal team – made up of actuarial, compliance and IT experts – Barney & Barney’s Health Care Reform Online Modeling Tool allows employers or plan sponsors to take their current medical premiums and contributions and project them forward through 2018. The user has the option to adjust enrollment and contributions for future projected years. Starting in 2014, when most of the Health Care Reform provisions take effect, the user has several additional options, such as whether they will continue to offer health care coverage to their employees, or increase employee salaries should they decide to drop coverage altogether. Based on user selections, the model projects total employer and employee costs taking into account such things as medical trend, health care reform penalties and tax implications. The user has the option to save up to three different scenarios and compare the costs of these scenarios side by side.
The tool focuses on cost-drivers of health care reform, and takes into consideration such things as:
- - Grandfathered Plans
- - Annual Dollar Limits Restrictions
- - Employer Mandate
- - Early Retiree Reinsurance Program
- - Medicare Rebate
- - Medicare Part D Subsidy Deduction
- - Health Care Coverage Tax Credits
- - Wellness Program Grants
- - Limited Premium Underwriting Ratings
- - Dependent Age Extension
- - Preventative Services
- - Health Care Reform Tax Implications for FSAs, HSAs, and Medicare Payroll Tax
- - Form W-2 Reporting
- - Cadillac Tax
In addition to the modeling tool, Barney & Barney’s Employee Benefits Division provides Breaking News pieces, Legislative Compliance Newsletters and quick reference tools that clients and prospects can access to obtain further explanation and provision status for all of the topics mentioned above.
