Restaurateurs trying to understand the Affordable Care Act have a new resource: the National Restaurant Association's Health Care Law Toolkit.
The 56-page Toolkit -- a complimentary benefit for NRA members -- offers restaurateurs a chapter-by-chapter guide to the law's impact on restaurant employers. The resource is available as part of the NRA's Health Care Knowledge Center at Restaurant.org/Healthcare.
The Toolkit walks restaurateurs through the data they need to track in 2014 to calculate whether they will be considered a large employer for 2015, and therefore be subject to the ACA's employer mandate. Under the employer mandate, employers who average 50 or more full-time-equivalent employees on business days in 2014 will be required to either offer health benefits to full-time employees and their dependents starting in 2015, or face possible penalties. The Toolkit includes expanded information on the law's definition of full-time employment.
The Toolkit offers details on the proposed information-reporting requirements for large employers or restaurant companies that offer self-insured health plans. These requirements are scheduled to take effect in early 2016, based on data tracked in 2015. The Toolkit covers frequent employee questions, and the interaction employers and employees are likely to have with new government-run exchanges as exchanges make the initial determination of whether employees qualify for federal tax subsidies to buy health plans through exchanges because they don't have access to affordable coverage at work.
The Toolkit also includes other resources, including checklists, a Q&A and glossary of key terms under the ACA. The Toolkit will be updated frequently as regulatory guidance evolves.