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Brace yourself: Health care reform passage will affect HR

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

March 23, 2010 — When President Obama signed the Patient Protection and Affordable Care Act at 11:56 this morning, it may have marked the beginning of the end of a year’s worth of partisan politicking on health care reform.

It certainly signaled the start of massive changes in the way HR professionals handle employer-provided health insurance benefits.

Although a companion “reconciliation” package of amendments tweaking the law must still pass the Senate—and Capitol Hill watchers say it will—the president’s signature on the health care reform bill means new obligations for insurance companies and new responsibilities for employers.

Some of the new law’s provisions take effect in a matter of weeks. (See “Get ready now for these health insurance changes” below.) Most other features of the health care overhaul won’t take effect until 2014.

The new law has requirements for both employers and individual employees.

Individual mandate...(register to read more)

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