Retailers with 50 or more full-time employees are determining how to best address new regulations within the Patient Protection and Affordable Care Act (PPACA).
Overall, 44% retailers say that their organizations are “familiar” with the Affordable Care Act and are prepared to comply, according to research from Retail TouchPoints.
This new survey report, sponsored by Empower Software Solutions, uncovers how retailers plan to address PPACA regulations, which can include any of the following: decreasing employee hours to part time, providing full-time employees with health insurance, or paying a $2,000 fine per employee.
Retailers can develop a successful action plan for PPACA compliance by taking the following three steps:
- Define the PPACA management team;
- Develop a go-forward plan based on PPACA requirements; and
- Prepare business systems for compliance.