Healthcare Reform Timeline

Employers

 
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What You Need to Know About Healthcare Reform

  1. If you have 50 or more full-time employees, you have to offer health coverage or pay a penalty (in most cases)—but not until 2015.
  2. We ensure your health plan is compliant.
  3. Premiums include the cost of expanded benefits as well as taxes and assessments required by the Affordable Care Act.

This information is for all employers, but you can also find information specific to large employers and small employers.

1. If you have 50 or more full-time employees, you have to offer health coverage or pay a penalty (in most cases)—but not until 2015.

To determine whether you are a large employer, count all full-time employees working 30 hours or more per week plus all full-time equivalent employees. This means that some employers who purchase small group plans may actually be considered large employers under the Affordable Care Act, the law that created healthcare reform.

If you are a large employer, learn more about coverage requirements and penalties on the large employer page.

2. We’ll help you ensure your health plan is compliant.

Your 2015 plan will include compliant benefits:

3. Premiums include the cost of expanded benefits as well as taxes and assessments required by the Affordable Care Act.

The Affordable Care Act provides expanded options and benefits to you and your employees.  However, they are also accompanied by assessments and taxes, including the Patient-Centered Outcomes Research Fee, the reinsurance fee, and, in 2018, high-cost plans will be subject to the Cadillac tax.