In 2009, President Obama signed landmark legislation designed to reform the nation’s healthcare system. The law imposes new requirements on all employers. Companies that employ 50 or fewer full-time (or full-time equivalent) workers will be subject to major responsibilities to either offer health insurance to their employees or pay a penalty for failure to provide such insurance. New requirements have been phased in over several years through a series of regulations issued by the Department of Health and Human Services. Weekly webinars are available to help the small business community understand the Affordable Care Act. NAMM is committed to monitoring regulatory developments and possible legislative revisions to healthcare reform and will work in concert with other affected industry groups to minimize the adverse impacts. To learn how healthcare reform may impact small businesses, please visit the U.S. Small Business Administration for more information.
As you may know, in 2010 President Obama signed into law the Patient Protection and Affordable Care Act (ACA) – robust and landmark health care legislation designed to ensure Americans have access to quality, affordable health insurance.
This week, the Treasury published final regulations yesterday for large employers issuing health care coverage to their employees under the Affordable Care Act (ACA).