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The Westchester County Association presents an informative panel discussion and luncheon for businesses of every size on February 28.
Taking a “wait and see” approach with the new healthcare rules and regs can have dangerous implications -- especially for business owners.
Many of the key provisions of the Affordable Care Act are scheduled to take effect January 1, 2014, bringing with them individual mandates, shared responsibility rules, and health insurance exchanges that will significantly impact businesses of all sizes. Recognizing this, the Westchester County Association has assembled a panel of experts for a practical discussion of how businesses in Westchester should prepare now for the coming changes:
Surviving Healthcare Reform: What Every Business Needs to Know Now
Thursday, February 28,
Tappan Hill Mansion
GPS: 200 Gunpowder Lane
Physical: 81 Highland Avenue
Tarrytown, New York 10591
11:30 am - 2pm
Open to the public
“Providing healthcare coverage is one of the most complex and costly subjects for businesses and employees,” says Amy Allen, managing director, Advocacy for the Westchester County Association. “But savvy business owners can use the ACA to their advantage if they begin to plan now for changes that will take effect the first of next year. The WCA looks forward to providing business professionals with a road map for those changes during our February 28 panel discussion.”
According to the Council of Economic Advisers, the number of small firms offering health insurance has been declining in recent years, with employees of small firms only able to access health insurance plans that are far less generous than those of workers at large firms. Starting next year, businesses that meet certain criteria would be able to purchase health benefits through an insurance exchange -- allowing them to choose among a multitude of plans that would provide better coverage at lower costs than they could find in the current small group market. New York State is well underway in building its exchange.
In addition, small businesses that provide health insurance for their employees would receive a tax credit to alleviate their disproportionately higher costs and encourage coverage. Implications for businesses over 50 employees are far reaching as well. The Westchester County Association’s Surviving Healthcare Reform: What Every Business Needs to Know Now luncheon panel discussion will highlight these and other impacts of the impending healthcare reform regulations.
Moderated by David Rubenzahl, Esq., president of Maxon Administrators, Inc. (a third-party administrator of self-funded health plans and insured disability plans) a television guest expert and lecturer on healthcare reform, business tax and reporting requirements of the Affordable Care Act --the event will include Panelists James D. Schutzer, vice president, J.D. Moschitto & Associates, and Robert M. Winton, CPA, a partner with Citrin Cooperman. The panel will address the business implications of the Affordable Care Act during a luncheon discussion that is open to the public.
“Surviving Healthcare Reform” will begin with a networking session at 11:30am, followed by:
12:15pm - Panel begins
12:20pm - Overview of the ACA and the employer mandates/shared responsibility component by David Rubenzahl
12:40 - Discussion of the NY State Exchanges by James D. Schutzer
12:55 - Robert M. Winton will address the penalties and taxes that will accrue to individuals
1:10 - Moderated Q&A
1:25 - Audience Q&A
Event sponsors include Citrin Cooperman & Company, Compufit, Inc., Mahopac National Bank, and The Maxon Companies. Online reservations are required for this event and can be made at: www.westchester.org. The cost, which includes lunch, is $55.00 per WCA member and $70.00 for each future member.
About the Westchester County Association
The Westchester County Association (www.westchester.org) is the preeminent business membership organization in Westchester County. The Association is committed to business advocacy, economic vitality and to providing a strong and clear voice for the interests of businesses on the regional, national and international levels. Its key objectives are promoting positive economic development in the region; fostering business development; and providing its members with access and interaction with key public and private sector individuals, agencies and organizations.
About the WCA’s Healthcare Consortium
Though its Healthcare Consortium -- an integrated group of stakeholders including hospitals, physicians, home care providers, insurers and employers -- the WCA is leading the healthcare discussion in Westchester County and is currently developing healthcare policy recommendations at the state and national levels. The goal is to create the best model to deliver high quality, reasonable cost, healthcare to the residents of our region.
