Oasis Outsourcing Helps Businesses Navigate Through Adjusted Community Rating
West Palm Beach, FL Jul 31, 2014 – Oasis Outsourcing, one of the nation’s leading Professional Employer Organizations (PEOs), has released a new infographic designed to help businesses, understand how the Adjusted Community Rating provision of the Affordable Care Act (ACA) works. Adjusted Community Rating is a way of pricing insurance where premiums are not based on a policy holder’s health status, but may be based on other factors such as age and geographic location. Additionally, carriers are required to consider individuals and small groups as one community or risk pool.
Since Adjusted Community Rating went into effect in January 2014, there has been a big change in how small group insurance is calculated. The infographic created by Oasis Outsourcing easily explains the changes and helps small businesses choose the best course of action. Since carriers can only use a limited set of factors when setting rates, some groups that historically would have received favorable ratings, for example younger populated groups, might see significant increases while others that historically would have been assigned very expensive rates, may see rates decrease.
Oasis Outsourcing has expertise in all areas of Healthcare Reform legislation and can help any business navigate through the various provisions regardless of plan type.
The new infographic is available for use at www.oasisadvantage.com/aca-infographic.