Legislative News

Health Care Reform Update Groom Law Group

In the weeks following enactment of the historic "Patient Protection and Affordable Care Act" ("PPACA" or the "Act") on March 23, 2010, insurers, plans, plan sponsors and administrators have faced the daunting task of digesting the Act's complex provisions, rules and effective dates.

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Unemployment Comp and COBRA Subsidy Extended Again Society for Human Resource Management (SHRM)

On April 15, 2010, President Obama signed H.R. 4851, the Continuing Extension Act of 2010. Final passage in the House (289-112) and Senate (59-38) guaranteed several extensions to government programs, including the Consolidated Omnibus Budget Reconciliation Act (COBRA) health care insurance benefits and emergency unemployment benefits.

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News

An Employer’s Guide to Health Care Reform Seyfarth Shaw LLP

On March 23, 2010, President Obama signed into law the Patient Protection and Affordable Care Act (PPACA). Less than a week later, Congress passed the Health Care and Education Tax Credit Reconciliation Act of 2010 (this Management Alert will refer to PPACA, along with the changes made by the Reconciliation Bill, collectively as “Reform”).

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Health Reform 2010: Small Employer Health Insurance Credit CCH

An eligible small employer may claim a tax credit in tax years beginning after 2009 if it makes nonelective contributions that pay for at least one-half of the cost of health insurance premiums for the coverage of its participating employees.

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IRS: Young Adult Coverage Extension Benefits Are Tax-Free National Underwriter Company Allison Bell

Employees need not pay extra taxes if they keep children under 27 years of age insured using employer-sponsored health benefits programs.

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Health Reform 2010: Dependent Coverage Requirements CCH

A group health plan and a health insurance issuer offering group or individual health insurance that provides dependent coverage of children must continue to make health coverage available for an adult child until the child turns 26 years old, regardless of whether or not the dependent is a full-time student, disabled, or married.

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Benefits

The Use of Health Savings Accounts for Health Care in Retirement Employee Benefit Research Institute

Health savings accounts (HSAs) are often touted as a vehicle for funding future retiree health care costs. However, statutory contribution limits mean that they are unlikely to play more than a minor part in savings for health care costs in retirement.

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Flexible Spending Accounts Getting Slightly Less Flexible Kaiser Health News

Changing rules on flexible spending accounts mean that starting next year, you can use money from an FSA account to pay for eyeglasses or acupuncture but not an aspirin -- that is, unless you have a prescription for it.

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