Taxable year 2012 for Businesses
Employers offering group insurance must report employees and employers portion of health care premiums on Box 1 of the W2’s.
Health Insurance Will Change With Obamacare
With the passing of the Health Care Reform law (Obamacare) in March of 2010, there are going to be changes in the way we use (and pay) for our Health Insurance.
Taxable year 2010 – Small Businesses Can Get a Tax Credit
Starting in 2010, a tax credit (different than a tax deduction) could be given to a small business employer who purchased or has/had group health insurance.
Lifetime Limits on New Health Insurance Plans are Now Illegal
Lifetime Limits on New Health Insurance Plans are Now Illegal
Children under the age of 19 Can Not Be Denied Health Insurance
Children under the age of 19 Can Not Be Denied Health Insurance
New Health Insurance Plans Must Cover Preventative Services
New plans must cover preventative services, we are unsure of what preventative services are covered in full at this time, but there cannot be “cost sharing”
President Obama signed into law the Affordable Care Act (ACA)
We are hearing that this law will insure more Americans and drive insurance costs down. Of course, I’m pretty skeptical it will drive costs down.