Waugh Agency, LLC is pleased to announce that agency owner Matt Waugh recently achieved the National Association of Health Underwriters (NAHU) Certified Patient Protection and Affordable Care Act Professional accreditation.

This accreditation assures business owners that Waugh Agency understands the technical components of the Patient Protection and Affordable Care Act (PPACA, or ACA) and is prepared to counsel you on upcoming required healthcare changes and new options and requirements for health plans. Allow us to develop a specific ACA compliance timeline for your business and provide advice to guide you in planning for the future.

Did you know? The Affordable Care Act:

•Requires all American citizens and legal residents to purchase qualified health insurance coverage

•In 2014, those without insurance will pay the greater of $95 or 1% off household income that exceeds personal exemption for that year

•Starting in 2016, the penalties rise, to the greater of $695 or 2.5% of income. These penalties apply to EACH family member without coverage

•If an employer fails to provide its full-time employees (and their dependents) the opportunity to enroll in “minimum essential coverage,” and one or more full-time employees enrolls for coverage  in an exchange and qualifies for a premium tax credit or cost-sharing reduction, then an employer penalty of $2,000 for each of its full-time employees above 30 employees may be assessed

•If an employer offers coverage that is deemed to be “unaffordable”, a $3,000 penalty for each employee receiving a subsidy may be assessed

Waugh Agency will assist you in navigating the changing healthcare landscape

You may also call (413)527-2738, or e-mail us at service@waughagency.com.