October 6 2010 – New York - In an effort to help minimize confusion regarding implementation of health care reform provisions among business owners, Empire BlueCross BlueShield has created two new tools to help business navigate the changes in health care, a grandfathering tool and a tax calculator tool.
Both tools are available atwww.empireblue.com/healthcarereform. The small business tax calculator tool and tax content were developed by The Tax Institute at H&R Block and also may be viewed by visiting www.thetaxinstitute.com.
The interactive grandfathering tool is designed to help businesses better understand what grandfathering means, if they qualify for it, and what options are available to them with regard to their health plan. Empire has also joined forces with H&R Block to provide a convenient, comprehensive tool to help small business owners understand the financial impact, as well as the opportunities that accompany the changes in the health care system.
"The grandfathering tool is another part of our commitment to help make health care reform work," said Mark Wagar, President and CEO, Empire BlueCross BlueShield. "This tool will allow business owners to understand what grandfathering is, qualification parameters, and if it is potentially in their best interests to grandfather their current health plan. This tool can help businesses quickly and easily determine a course of action based on their current plan in an easy to use and understandable tool."
Wagar added, "We are also extremely pleased to partner with H&R Block to make the small business tax calculator available, which can help small business owners understand the tax credits they are qualified for and allow them to better control and anticipate their health care costs. It's Empire's hope that this resource will allow owners to focus on running a successful business and add some clarity as they navigate the health care system."
The small business tax calculator can help users understand the following reform provisions:
"These tools will provide me with an easy way to communicate the financial impact that healthcare reform may have on my clients and to better communicate to them about grandfathering is and if it is might be in their best interest" said Local Broker. "Again, these are shining examples of why Empire is the leader in the industry."
"These are tremendous tools that can help small businesses like ours better understand the changes associated with health care reform and to take advantage of the available credits and other provisions designed to improve the affordability of health care," said local employer. "These interactive tools are clearly going to save us time and money, and I am sure many other businesses will benefit as well."About Empire BlueCross BlueShield
Empire BlueCross BlueShield (Empire) is the trade name of Empire HealthChoice Assurance, Inc., and Empire Blue Cross Blue Shield HMO is the trade name of Empire HealthChoice HMO, Inc., independent licensees of the Blue Cross Blue Shield Association, serving residents and businesses in the 28 eastern and southeastern counties of New York State. Additional information about Empire is available at www.empireblue.com