What are the Financial Implications of Healthcare Reform on Austin Business?

May 24, 2013 - PRLog -- The Affordable Care Act (ACA), as forecasted by the Congressional Budget Office, will provide healthcare coverage to approximately 27 million Americans.  However, with a price tag of $1.3 trillion, Austin’s manufacturing businesses need to understand and plan for both the opportunities and costs associated with healthcare reform today.


To address these challenges, on May 29, 2013 the Austin Regional Manufacturers Association (ARMA) is holding a forum focused on the “Urgent Issues for Manufacturers in the Affordable Care Act”. The event will be conducted as a panel discussion session with a Q&A session to follow.

The ARMA forum will examine the ACA through the following topics:


·         The responsibilities shared by employers

·         Calculation of full-time equivalent employees

·         Summary of employer penalties for “pay-or-play”

·         The new underwriting standards insurance carriers are required to apply on January 1, 2014


“Businesses now must be managed with the financial implications of the ACA in mind,” said Cyndi Mergele, senior manager of Human Resources Consulting, Padgett, Stratemann & Co., LLP, and event moderator.  “With more knowledge and insight local manufacturing firm can benefit greatly and avoid the penalties associated with noncompliance the ACA.”  



Who:               Cyndi Mergele, senior manager, Padgett, Stratemann & Co. and event moderator

                       Benjamin Halbach, account executive, Catto & Catto Benefits Group

                       Kathy Poppitt, shareholder, Cox Smith Matthews Inc.

                       Tanya Haught, sales executive, United Healthcare



When:             Wednesday, May 29, 2013 at 4:30pm to 6:30pm (CDT)



Click here to register for ARMA Forum
Westin Hotel at the Domain
11301 Domain Drive
Austin, TX 78758



Contacts:          
Darryl Frost, Public Relations Specialist, PS&Co

(512) 329-1974

Darryl@anthonybarnum.com



About the Austin Regional Manufacturers Association (ARMA)

ARMA’s vision is to be the hub of advocacy, workforce development, and networking for regional manufacturers. Hosting forums highlights the association’s desire to keep industry aware of issues that will impact their business.

About Padgett, Stratemann & Co., LLP
Padgett, Stratemann & Co., LLP is one of Texas’ largest, locally owned CPA and business advisory firms. With headquarters in San Antonio and an office in Austin, the firm works with clients in sectors including: banking, construction, government, non-profit, health sciences, professional services, manufacturing, retail, distribution, technology, insurance, oil and gas, government contractors, and real estate. The firm’s experienced professionals provide a range of sophisticated accounting, audit, tax and other business advisory services for both publicly traded and privately owned companies. PS&Co. serves clients throughout the United States, as well as internationally. The firm is a McGladrey Alliance member. The McGladrey Alliance is a business of McGladrey, Inc., a leading professional services firm providing tax and consulting services.

In business since 1945, PS&Co. is dedicated to professional excellence, integrity, and community service. Learn more about our depth of services and expertise, visit www.padgett-cpa.com.