Austin Financial Group Debuts New Health Care Reform Analysis Toolkit for Employers

/, Employee Benefits, Human Resources - News & Compliance, Obamacare - Health Care Reform/Austin Financial Group Debuts New Health Care Reform Analysis Toolkit for Employers

Bloomfield Hills, Mich. (June 28, 2013) – Austin Financial Group (AFG), a Michigan employee benefits firm and one of Metro Detroit’s 101 Best and Brightest Companies to Work For, announced SmartTools for Reform, a new analysis platform for determining the impact of the Affordable Care Act on employers. The platform includes calculators to determine Full-Time Equivalents, “Pay-or-Play” status, possible penalties and taxes.

“The creation of these tools was critical in order to properly advise our clients on how Health Care Reform impacts their businesses today and in the future,” says AFG President Dean Austin.

Included in SmartTools for Reform is a calculator for counting the number of full-time equivalents in order to determine employer group size. The toolkit utilizes employer size to run scenarios based on fundamental group characteristics for “pay-or-play” penalties, the affordability test, and new employer taxes.

Debuted at their Health Care Reform seminar in Birmingham, Michigan on June 13, 2013, Austin Financial Group says SmartTools for Reform went through a rigorous testing phase.

“We have spent a considerable amount of time fine-tuning SmartTools for Reform so that we can incorporate our findings into our annual renewal analysis,” says Cathy Konon, Director of Underwriting and Administration.

Clients have already begun to appreciate the new analysis driven by SmartTools for Reform during pre-renewal discussions and renewal meetings.

“During a time of great change comes great opportunity, and that’s what we see this as. It’s an opportunity to create an even deeper partnership with our clients as we navigate these changes together,” says Austin.

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Lauren Simonetti
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