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Health care reforms: Which parts take effect this year?

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in Employee Benefits Program,Employment Background Check,Human Resources,Leaders & Managers,Management Training

It’s no wonder that some provisions of the recently enacted Patient Protection and Affordable Care Act flew under the media radar that focused on the politics of health care reform. After all, the law is more than 2,000 pages long.

Although many of the biggest changes in the new health care law won’t take effect until 2014, others kick in this year. These changes mostly affect insurers and the benefits they must offer. It’ll be up to you to understand (and explain) these changes to employees.

Among the health insurance changes to expect in 2010:

Health insurance benefits and W-2s

Beginning in the 2011 tax year, employers will be required to report the “aggregate cost” of “applicable employer-sponsored coverage” on an employee's W-2. That includes the value of any medical, dental and vision coverage you may pay for.

This will become much more relevant in 2018, when people with so-called high-cost “Cadillac” pla...(register to read more)

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