Staying on steady ground – Health care law entails ongoing planning, preparation

Description

Abstract: Although the passage of the Patient Protection and Affordable Care Act (PPACA) is no longer news, opponents are still lobbying for its repeal, and there remain questions about whether every provision will come to fruition. Companies will need to conduct ongoing planning and preparation to ensure their PPACA compliance. This article discusses the future tax penalty for some companies that do not provide coverage (and a tax break for those that do), stricter restrictions on insurance companies, and present rules regarding coverage to employees’ dependent children. A sidebar explains that small businesses currently have the option of adopting a simplified cafeteria health care plan.