Four reasons why advisors need to understand the ACA

Four reasons why advisors need to understand the ACA

There is one certainty about the new health-care reform legislation: Clients want to know how it will affect their financial planning.

As Chris Hennessey points out in the video, it is important to understand the implications of the Affordable Care Act (ACA) for all phases of financial planning, such as:

1. Many clients are confused about the law’s requirements and how it will affect their expenses.

2. The law’s effect on health-care costs for pre-retirees and retirees may require changes to existing financial plans.

3. There are more than a dozen new taxes resulting from the ACA.

4. The ACA will spur change in the health-care industry — and that may uncover new investment strategies.

Advisors can serve as a resource to help clients understand the ACA. Health care is a timely topic that can be used to network with current clients and prospect for new ones. Learn more about the impact of the ACA in the video.




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