Operating a Profitable Restaurant – Episode 10
It seems there’s a charge for everything these days – extra leg room on airplanes, normal cable channels (or so you think), oh and most recently, not having insurance. I say ‘recently’ but let’s get real people: The Affordable Care Act (ACA) has been around for six years; however, no one has truly paid attention to the 11,000 page law because there was always a glimmer of hope for the restaurant industry that the opposers would knock the bill down. Not to mention the 49 delays we’ve seen to date. Unfortunately for us, The Supreme Court has decided this sucker ain’t goin’ away. That being said, we decided it was time to tackle the beast and take this month to dive deep into the Affordable Care Act and the implications this law will have on your restaurant.
First, some background info: We wouldn’t dare go at this alone. Due to the reporting requirements being enacted last year we recognized that it would greatly benefit our clients to partner with a company that provided end-to-end service and complete expertise in all things ACA. Sifting through 11,000 pages of legal jargon is far above any of our pay grades here, but luckily for us that’s where Dr. Kahle from Navigate HCR comes in to play. In June of 2015 RSI Partner and Strategic Development Officer, Matt Vannini, was introduced to Dr. Kristin Kahle and to say she is the foremost authority on ACA across the country is a gross understatement; a partnership was quickly formed. Dr. Kahle has worked in the insurance industry for the past 25 years, the last handful of which have been with Navigate HCR which she helped found in 2012. Navigate HCR was created to offer employers simple and easy ACA compliance solutions for their groups and employees – simply put, they simplify the process. When the initial ACA bill came out Dr. Kahle read it not only once, but three times. Needless to say, we are in good hands.
During this afternoon’s Podcast, Matt and Dr. Kahle sit down for a little lesson in the Affordable Care Act. ACA is difficult to understand with the ever-changing rules and regulations but Dr. Kahle breaks down the bill in ways you can simply understand. Listen to this episode and hear our dynamic duo cover Commonality and Ownership, Full-Time Equivalent vs Variable Hour Employees and their roles in ACA, reporting requirements, compliance-based plans, operational best practices and more. Fortunately for us there’s still no charge for education; and for that, we are thankful.