by Pam Hillier

Avoid a Knee-Jerk Reaction to Health Care Reform


The employers that come through this 5-10 years down the road as strong employers that survive and thrive, will be those that understand that this isn’t the time for a knee-jerk reaction.  They must fully understand the potential long-term impact of the decisions they make.

Following are a few things to ponder:

  • A short-term decision made for purposes of cost savings this year, may end up being a decision you regret in subsequent years.
  • If it flies in the face of your corporate culture, a culture you have worked hard to build over the years, a short-term savings may not be the right decision.
  • There is no crystal ball – make informed decisions that are right for you and your organization, not just decisions that will save you money now.

My advice to you as a Benefits and Risk Advisor:

  • Use scenario based decision making – be cautious, take it slow, analyze the upside and the downside of every possible decision and action – opportunities may exist that can be exploited
  • Rely only on sound data and rationale received from a trusted source
  • Seek assistance from those uniquely qualified to help navigate the legislation and provide guidance
  • Surround yourself with a team who possesses a deep understanding of PPACA
  • Use only professionals who are capable of providing a tangible, well-defined system that includes measurement tools, training, knowledge of alternative strategies and decision-making scenario assistance.
  • Be aware that there is a significant gap between those that say they can help and those that are actually capable of doing so
  • Finally, use your organizational mission and culture to help guide you

To learn more about VAST’s Health Care Reform Navigation System, contact Pam Stewart | 906.315.7217 | pams@vastsolution.com.

View the most up-to-date information on Health Care Reform

 

National healthcare open enrollment starts November 1st and ends on December 15th. To make an appointment with one of our trusted advisors please contact us at 906.228.7500.

Click Here For More Information