BPC Launches 2 New Calculators to Illustrate Effects of Healthcare Reform10/02/2009
BPC is pleased to announce the release of two new calculators to further enhance employee and employer knowledge regarding proposed legislation for healthcare reform. These calculators are designed to illustrate how the elimination or alteration of existing benefit plans may affect taxable income for individuals and companies.
- Employee Effects on FSAs:This calculator demonstrates how employees will be hurt by any reform which hinders the use of health flexible spending accounts as a method for paying for medical expenses pre-tax. Employees can choose from one or more common expenses to illustrate the change in out-of-pocket costs that would result from the elimination of FSAs. [Access the Calculator]
- Employer Effects on Health Plans: Employers who do not offer a health plan may be subject to certain penalties under proposed legislation. This calculator illustrates the total dollar value of that penalty and compares the penalty to the tax advantages offered by providing a health plan and gives a bottom line to show whether your company would be better off to provide some health option to all employees. [Access the Calculator]
BPC is committed to informing employees and employers about their options for improved healthcare and is active in lobbying the Federal government for improvements to the healthcare system which don’t restrict options or pile undue or unnecessary costs on individuals and businesses.