One thing’s for sure. The Patient Protection and Affordable Care Act isn’t getting any easier for HR professionals to digest and understand. 41% of HR professionals report that the main implementation barriers for organizations remain the complexity of the law, while 27% say it’s a lack of understanding of the law’s details and impact on their organization.
As bleak as the above looks, our heart was warmed to the news that 74% of organizations are sending their HR staff to classes/training on the health care law. Almost the same percentage (73%) are working with legal/benefits counsel to understand implications of the health care law. Of course, we were even more excited to see that 78% of organizations are using an insurance broker to navigate PPACA. BRAVO!
Preparation is the key to complying with the ACA and we’re thrilled to see so many HR professionals switching their ACA planning into high gear.
This information comes from a new survey conducted by the Society For Human Resource Management. SHRM asked 818 HR professionals what challenges they are facing when it comes to Health Care Reform and the strategies they are using to handle the new regulations. SHRM compared the data with similar surveys they conducted in 2010 and 2011. View the SlideShare presentation below for more details on how HR professionals just like you are strategizing for the Health Care Reform law.
Mark Bailey, Jr. is the Senior Marketing Manager of NFP's Atlantic region. Before joining the company, Mark was a production assistant on the tv show Glee and an on-air talent on 95.1 WAPE. He has over 10 years of experience in the insurance and corporate benefits space. Mark is an avid Jacksonville Jaguars fan and loves to spend his free time building custom mechanical keyboards.