News

Reminder: Health Care Reform Includes Form W-2 Reporting Requirement

Health care reform requires employers to calculate and report the aggregate cost of applicable employer-sponsored health insurance coverage on employees’ Form W-2s. Although the new rule applies for employees’ tax years beginning after Dec. 31, 2010, payroll systems need to be updated for this change by January 2011. This deadline is imposed because employees are […]

Keeping the Health Plan You Have: The Affordable Care Act and “Grandfathered” Health Plans

There is considerable uncertainty about what choices employers will make over the next few years as the market prepares for the establishment of the competitive Exchanges and other market reforms such as new consumer protections, middle-class tax credits and other steps to expand affordability and choice for millions more Americans. Below is a fact sheet that provides additional information about grandfathered plans.

Todd McDonald: MDA’s Most Wanted Citizen

Dear friend, I am being “arrested” and need your help! As one of the business leaders in the Worcester Community, I have been charged with aiding and abetting the Muscular Dystrophy Association with the intent of helping area residents with muscular dystrophy. As a result, I am being “arrested” on June 23, 2010 and will […]

Health Care Reform Update: Rules for Extending Dependent Coverage Released

On May 10, 2010, the Departments of Labor, Health and Human Services and Treasury issued regulations implementing the Affordable Care Act by expanding coverage for adult children up to age 26. The benefits become effective for plan years beginning on or after Sept. 23, 2010. For calendar year plans, that will mean the provisions will become effective beginning Jan. 1, 2011.

Connecticut Health Care Continuation Coverage: Additional COBRA Subsidy Extension Announced

Effective May 5, 2010, employers that have group comprehensive health care plans must permit employees, their spouses, and employees’ dependents to elect to continue plan coverage for up to 30 months when certain qualifying events occur and must provide notice of such right by July 5, 2010, to certain employees, their spouses, and employees dependents.