Understanding HR’s role in the new health care reform law

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in Employee Benefits Program,HR Management,Human Resources,Small Business Tax,Small Business Tax Deduction Strategies

President Obama’s signing of the controversial Patient Protection and Affordable Care Act on March 23, 2010, marked the finish of a yearlong partisan battle. But for HR professionals, March 23 was a starting line—the beginning of big changes in the way they handle employer-provided health benefits.

While many provisions won’t kick in until as late as 2014, some take effect this year (see box below).

Most of those immediate changes affect health insurers and the coverage they must offer. But if your organization provides health benefits, you need to understand this short-term timetable.

Advice: Work with your insurance carrier to learn about how it plans to roll out these new mandates. Your health coverage will be different, and it’s up to insurance companies to communicate those changes to you. But it’s up to you to inform employees about them. Ask your carrier to help develop benefits communications materials you can ...(register to read more)

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