Regulations, Regulations, Regulations!

Regulations, regulations, regulations! The Affordable Care Act set up the provisions for the new health care law.  Now administrators (not elected officials) write the interim rules that will eventually lead to the regulations.  The interim rules are set to give a “heads up” to all involved so they can begin to plan, adopt and coordinate these rules into practice.  The interim rules can be changed if there is enough pressure on those writing the rules.  That is why so much of the actual law is still an unknown. 

Over the next couple of years, while all these laws start as interim rules and then become regulation, business owners need to pay attention and begin implementing these regulations as they arise.  Staying on top of these rules from the onset will make the transition so much easier.  Waiting until the last minute to comply will cause much undue stress.  Owners of businesses will find that they need to spend much more of their time (or hiring someone to do it for them) to keep up on all the new rules.

Reporting, reporting, reporting, this will be the name of the game.  All these new regulations, for practical purposes, mean that everything needs to be reported.  More of every company’s income (time and money) will go to set up and implement the reporting of their data so as to be compliant with the regulations.  Like it or not this is what we all face.  We might as well come to terms with it so we can move on.  Resisting will waste even more of your time, talent and profit. 

If you are worried about the future and what is ahead for you, do not be afraid to contact us.  We are here to help you work through these times.  No one knows the details of what is ahead, but as we find out we will continue to share it with you.  If you would like to talk to either Lisa Boyajian or Angela Gambino you may reach us at (714)680-5900 or check out our website at www.ansainsuranceservices.com .  We work with all major health carriers (Aetna, Anthem, Blue Shield, Health Net, Kaiser, United, and Sea Change) and will continue to stay up to date with them as these regulations come to fruition.