The “pregame” chatter about health care reform has gone on for months, but the time for talking is over. Companies with 100 or more full-time equivalent employees must offer compliant coverage to at least 70 percent of their full-time equivalent employees and dependents in 2015. Smaller companies are up at bat next: In 2016, businesses with 50 or more employees must comply. Additionally, employers must extend coverage to at least 95 percent of their full-time workforce and dependents in order to meet the requirement.
We know health care reform can be confusing. You’ve likely heard of the Cadillac tax, skinny plans and even read up on potential employer penalties, but there’s a lot to sort through when it comes to the details of health care reform. That’s why we’ve summarized the latest issues and bottom-line concerns for businesses, allowing you to stay focused and prepare for key changes in the months ahead.