Did you know there are over 20 requirements that impact small employers under Health Care Reform? HR360's PPACA by Company Size Chart provides a simple way to review the key provisions affecting companies with 1 to 250+ employees.
As a reminder, starting with plan years and open enrollment periods beginning on or after September 23, 2012, employees must be provided a standard summary of benefits and coverage (SBC) notice explaining what the plan covers and what it costs. Below are three key areas of importance that employers should know about related to SBCs.
As families proudly gather at college campuses across the country to celebrate the graduation of loved ones from colleges and universities, it pays to take a moment to review the rules related to dependent coverage under Health Care Reform.
Beginning in 2014, certain large employers who do not offer affordable health insurance that provides a minimum level of coverage to their full-time employees may be required to pay a substantial penalty. HR360's Pay or Play Toolkit provides the step-by-step guidance, worksheets, and calculators to help you understand whether your company will be subject to a penalty and how to calculate it.
The focus on Health Care Reform has returned to compliance following the presidential election and a U.S. Supreme Court challenge in 2012. HR360's preview of key Health Care Reform provisions taking effect in 2013 and 2014 can help you stay on top of the major changes ahead.
A number of proposed rules have been issued under Health Care Reform regarding the law's requirements related to guaranteed availability of coverage, wellness programs, and essential health benefits. The following key highlights may be of interest to employers.