On June 28, the U.S. Supreme Court upheld the healthcare reform law, the Affordable Care Act (the ACA) as constitutional, prompting businesses to prepare for the employer requirements under the law.
NACS, a member of the Steering Committee for the Employers for Flexibility in Healthcare (EFHC) coalition, has helped craft various substantive policy recommendations and worked with the Obama administration to tailor health-care reform implementation to the needs of the convenience store industry.
To help retailers understand the requirements, Washington Council Ernst & Young, legal counsel for the EFHC, has summarized the major employer coverage requirements under the healthcare reform law. The article includes a timeline of compliance deadlines, a summary of new reporting requirements, analysis of considerations related to employer-sponsored coverage for part-time and employers’ communication with employees, and analysis of how new employer coverage requirements under ACA will translate to the assessment of taxes under the law.
Although some uncertainties remain, looming deadlines are driving companies to focus on compliance efforts now to mitigate the potential for unforeseen tax liabilities under the ACA.
Direct questions to Carin Nersesian, NACS director of government relations, at (703) 518-4210. (NACS: www.nacsonline.com)