Equifax Workforce Solutions Discusses What’s on the Horizon for ACA on HRExaminer Radio
Kristin Lewis, Senior Director of Product Management for Equifax, recently joined John Sumser, Founder and Editor-in-Chief of HRExaminer, to talk about a topic that has many employers scratching their heads: the future of the Affordable Care Act (ACA).
During this podcast Lewis and Sumser explored what is unfolding with the ACA, what a transition to “ease the burden” of the healthcare law may look like for employers, and how organizations can prepare for what may come next.
Many employers are experiencing a heightened level of anticipation for what might happen in the coming months with the ACA. As of now, there have been no concrete changes to the law and employers should stay the course with their current ACA compliance strategy. As Lewis mentioned during this timely podcast, “We do not know the exact details of how the replacement plan will shape up or the timing of when it will. Any replacement plan is definitely still going to involve helping certain individuals pay for a plan through a federal exchange or state-based exchange.” Taking that into consideration, Lewis also noted that any significant changes to the ACA will take time and most likely not remove reporting requirements for employers completely.
Also acknowledged during the podcast was how the ACA spurred many employers to invest in technology and resources to help collect and manage workforce data in an unprecedented way. Lewis explained that, regardless of the future of ACA, there are additional benefits in having this aggregated data, including having the mechanisms in place to make a regulatory compliance change much easier than if you were to “relax and rebuild something in a hurry”. Businesses need to be able to adapt quickly to mitigate risk and remain compliant.
If you missed the live show, you can hear the full podcast here.
About Kristin Lewis:
Kristin Lewis is the Senior Director of Product Management for Equifax Workforce Solutions, where she leads the innovation and architecture of the Affordable Care Act (ACA) Management Solutions. Lewis has gained national recognition for her thought leadership around the ACA, and is a regularly featured speaker on ACA compliance for industry events across the country. Her expertise has been featured in publications including Inc. and TLNT, and she was named a Game Changer by Workforce magazine for her success in reshaping people management strategies around the globe.
About John Sumer:
John Sumser is the Principal Analyst and CEO of HRExaminer. John is an industry analyst who focuses on the intersection of people and technology in the HR Universe. John is the also principal of Two Color Hat where he routinely advises Human Resources, Recruiting Departments and Talent Management teams with product analysis, market segmentation, positioning, strategy and branding guidance.