To help employers forecast potential penalties resulting from the Patient Protection and Affordable Care Act as well as make proactive changes to their benefits lineup prior to 2014, the New Jersey Hospital Association has launched the Reform Insurance Penalty Estimator.

Included in the provisions of the recently upheld PPACA is the responsibility of large employers to not only offer affordable healthcare insurance but also meet minimum essential coverage requirements or be subject to a penalty.

RIPE is a decision support tool that helps employers assesses the risk for penalties. This flexible tool displays results of estimated penalties and enables the user to create different scenarios and even adjusts for inflation.

"Most large employers are likely to want to continue offering health care coverage to their employees, but may unwittingly face penalties if they don't conform to the specifics of the health care reform law. RIPE is a streamlined and affordable tool to help those employers model their benefit plans to make sure they aren't blindsided by penalties," says William Kennedy, SVP of NJHA's Healthcare Business Solutions.

Justin Stephani is the associate editor of Insurance Networking News, a SourceMedia publication.

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