Health Care Reform Legislation for Mid-Sized Businesses
There has been a lot of news coverage of the Affordable Health Care Act of 2010. This free white paper will discuss how the following acts affect your mid-sized business:
- Grandfather Provision: Learn how businesses that have current health care coverage can keep those plans and avoid certain requirements of the law.
- Non-Discrimination Provision: Read about the mandate that most people with pre-existing conditions may not have coverage denied or rescinded under the Act.
- Automatic Enrollment: Learn about the requirement that most companies will be required to enroll most employees in a health care plan.
- Appeals Process: Discover details about the appeals process that employers must have regarding health care decisions made on behalf of employees.
- Wellness Program Incentives: Read about grants available to employers to help fund wellness programs for their employees.
- FSA, HSA and HRA Plans and Over the Counter Medicines: Learn about changes in the use of various health care accounts and programs to cover the cost of over the counter and prescription medications.
- Young-Adult Coverage: Read about provisions affecting the coverage of young adult dependents until age 26.
- Form W-2 Reporting: Read about changes in the W-2 form relating to reporting of health care costs.
- Community Living Assistance Service and Support Act: Learn about this voluntary program to help people obtain long-term care insurance.
- Pre-Existing Insurance Plan: Find out how this temporary program can help those people still without insurance because of pre-existing conditions.
- Health Care Exchanges and Small Business Health Option Program: Learn about these new ways to pool resources and find affordable health care.
This website contains articles posted for informational and educational value. Paychex is not responsible for information contained within any of these materials. Any opinions expressed within materials are not necessarily the opinion of, or supported by, Paychex. The information in these materials should not be considered legal or accounting advice, and it should not substitute for legal, accounting, and other professional advice where the facts and circumstances warrant.