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NJ Hospitals group offers ACA penalty calculator for employers

NJBiz, July 3, 2012

To help with these complex decisions about offering coverage to employees, the New Jersey Hospital Association launched a new tool on Monday called RIPE—Reform Insurance Penalty Estimator—to help employers determine if they are at risk for penalties. The tool uses simple spreadsheets to calculate if the employer is at risk for penalty, using employee salaries and benefits, as well as what the penalty would be. The tool also does a calculation for 2014 penalty possibilities, incorporating inflation.