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Making Sense of Health Care Reform

White Paper Published By: Paychex
Paychex
Published:  Apr 01, 2013
Type:  White Paper
Length:  8 pages

The Affordable Care Act signed into law in 2010 includes provisions that affect how companies administer and report health care information for employer-sponsored health plans. While it may take some time to become familiar with the new regulations, it is important now for small-business owners to understand the effect of health care reform on their companies and their employees. This white paper explains seven primary components of the Act:

  1. Small-business tax credits
  2. The grandfather provision
  3. Non-discrimination
  4. FSA, HSA, and HRA plans and over-the-counter medicines
  5. Coverage for young adult dependents
  6. W-2 reporting
  7. The CLASS Program