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 […]
June 16 Update: Legislation that would provide an extension of federal extended unemployment benefits, which have expired, was rejected by the Senate today. Democrats are going to attempt to change the legislation in the hopes of coming up with a bill that will pass.
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.
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 […]
The U.S. Department of Labor (DOL) today announced the availability of a new tool to help America’s employers ensure their employment policies and practices do not discriminate against qualified individuals with disabilities.
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.
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.
On April 15, 2010, the President signed into law the Continuing Extension Act of 2010 (HR 4851). Among other provisions, this law once again extends the COBRA subsidy eligibility period under ARRA, this time through May 31, 2010.
We know many of you have questions about what the newly passed health care reform legislation, H.R. 3590, contains and how it will impact you. We are working hard to provide you with the information and tools you need to better understand the changes and communicate what you need to know moving forward.
The Massachusetts Division of Insurance has disapproved most of the 2nd quarter health insurance rates filed by the Massachusetts health insurance carriers.