Reading the fine print on the Supreme Court health care ruling

[...]that the high court has upheld all Patient Protection and Affordable Care Act provisions pertaining to employers — arguably one of the most important rulings in decades — the focus shifts to numerous compliance obligations and possible economic implications of fully implementing the health care...

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Bibliographic Details
Published inEmployee Benefit News (Online)
Main Authors Blumling, Sheldon, Mills, Sandra
Format Trade Publication Article
LanguageEnglish
Published New York SourceMedia dba Arizent 28.06.2012
Subjects
COBRA 1985-US
Compliance
Employee benefits
Employers
Enrollments
Flexible spending accounts
Group health insurance
Health care
Health care policy
Patient Protection & Affordable Care Act 2010-US
Payroll departments
Rebates
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Summary:[...]that the high court has upheld all Patient Protection and Affordable Care Act provisions pertaining to employers — arguably one of the most important rulings in decades — the focus shifts to numerous compliance obligations and possible economic implications of fully implementing the health care reform law. While much of the focus recently has been on the individual mandate, the more important mandate for employers is the “play or pay” mandate, which will require large employers (generally, those with 50 or more full-time employees taking into account full-time equivalents) to provide adequate and subsidized group health plan coverage to all full-time employees and their families beginning in 2014. [...]it is likely to lead to higher plan subsidy costs for many employers. The content requirements for an SBC are very detailed and will likely require the assistance of an employer’s insurance carrier or third-party administrator. * Reporting the cost of coverage...