Employee Benefits

Understand the opportunities and financial impact of health reform on your business.

CliftonLarsonAllen’s HIP calculator can help you formulate a strategy to provide benefits to your employees and comply with health reform regulations.

How does health care affect your business? If you have 50 or more employees, you may face penalties under health reform regardless of whether you offer health insurance to your employees—especially if you have a high percentage of workers earning less than $45,960.

However, providing insurance benefits for employees makes your business an attractive workplace and competitive employer. Balancing the cost is more of an art than formula. Fully understanding the penalties as well as the opportunities allows you to develop a strategic approach to your benefits.

The HIP calculator will help you weigh your options—whether that means discontinuing coverage, changing premium contribution levels, modifying your health benefits or adding benefits. The calculator will also estimate the cost of doing nothing, which in many cases could mean a 25 to 40 percent increase in your benefit costs.

Your personalized report will show the cost of:

  • Full-time employees who are eligible for subsidies through health insurance exchanges
  • Employees who waive coverage and opt to take employer-sponsored coverage
  • Employer shared responsibility penalties
  • Opting to drop insurance coverage from your benefits package
  • Employees’ premiums under the employer’s plan and exchange

For more information on health care reform and how you may position yourself for success as the health care landscape shifts, visit the CliftonLarsonAllen Health Care Reform Center at cliftonlarsonallen.com.