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Administration of Health Care Benefits Within Your Business

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There are requirements that the employer is responsible for:

  • A summary of benefits, which began in September 2012, should be received by each employee at the time of renewal, new hire or any changes in the health plan.
  • The waiting period for a new hire cannot be greater than 90 days beginning January 1, 2014.
  • Insurance companies cannot deny coverage due to pre-existing conditions.
  • There is an exchange and subsidy notice to employees that must provide written notice of exchange and subsidies – proposed in fall 2013.
  • FSA (flexible spending accounts) will be capped at $2,500.
  • Employers are required to report the premium cost of the health insurance on the W-2s effective in the 2012 tax year.
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Debbie SearsJuly 22, 2013

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HR360 → ← What Do I Have To Offer My Employees For Health Care?

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