January 8, 2013
ProSential Group Launches Healthcare Reform Pay or Play Modeling Tool

ProSential Group, an innovative provider of HR, benefits and payroll solutions for small to mid-sized businesses, today launched its Healthcare Reform Pay or Play Modeling Tool.

This sophisticated modeling tool enables ProSential brokers to guide clients through the complex Healthcare Reform Patient Protection and Affordable Care Act (PPACA) Pay or Play Mandate and determine the best course of action. ProSential brokers accurately model various client scenarios under the mandate, providing HR professionals and business executives with a valuable assessment of the total financial impact of this regulation, while factoring in all key variables from payroll and corporate taxes to turnover rates. Coupled with the expertise of ProSential brokers, this tool empowers companies to determine the most cost effective, beneficial approach to complying with this mandate.

“The clock is ticking on the Pay or Play Mandate and companies are anxious about getting their arms around this new legislation, so they can make smart decisions about which path to take,” said Don Rowe, managing director for ProSential Group. “That’s precisely why we have brought this modeling solution to market. Now, brokers can give clients the precise financial information needed to decide whether to pay or to play.”

Beginning in 2014, the PPACA’s Pay or Play Mandate requires employers with the equivalent of 50 or more full time employees to offer health insurance coverage to employees (and their dependents) that meets certain quality and affordability standards, or pay a penalty if a full time employee receives a federal premium subsidy to enroll in health coverage through a public exchange. In order to make an informed decision about which option is best for an organization and its employees, ProSential recommends that companies first model out the various scenarios under the PPACA, which is the function of its new tool.

“The pay or play considerations for employers are complex and the stakes are too high to perform a 'back of the envelope calculation' of how a decision will impact an organization," said Scott Wood, principal, Benefits Commerce Group. "ProSential Group's modeling tool allows our brokers to distinguish themselves from other firms. It provides a thorough analysis backed by empirical data of how each scenario will affect a client's business, so we can help them make the right decision. It is a vital and timely service for our clients.”

ProSential’s Suite of Healthcare Reform Resources
ProSential Group offers a suite of valuable heathcare reform resources that deliver the information companies need to thrive and remain compliant in this changing regulatory environment. ProSential offers guidance on the latest regulatory changes, a timeline of changes and checklists, as well as relevant white papers and informative documents. In addition, the company offers live educational webinars and a proprietary suite of tools to help ensure compliance and reduce business risks.

For more information on ProSential’s Pay or Play tool and its suite of healthcare reform resources, please click here.

About ProSential Group
ProSential Group is transforming the human resources marketplace with its suite of innovative HR, benefits and payroll solutions designed specifically to satisfy the unmet needs of growing small to mid-sized companies. Its easy-to-use, integrated solutions are offered by benefits brokers who are part of the ProSential network, providing clients with a unique combination of best-in-class products that are delivered with unmatched localized service and support. Headquartered in Marblehead, MA, ProSential has a growing base of brokers throughout the nation.

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