Tuesday, October 23, 2012

Healthcare Reform Target Dates

Healthcare Reform Target Dates
The table below list dates that may be relevant if the Patient Protection and Affordability Care Act is allowed to remain intact.
W2 Reporting Requirements of aggregate value of employer sponsored coverage
2012
Standardized summary of benefits and coverage
Sept 2012
Group plan reporting to HHS and participants about efforts to improve
When regs are written
Auto enrollment options
When regs are written
60 day advance notice requirement of material changes
Sept 2012
Nondiscrimination rules for fully insured plans
When regs are written – expected Jan 2014
Maximum FSA deduction for employees of $2500
Jan 2013
Increase in Medicare tax on wages
Jan 2013
New Medicare tax on investment income
Jan 2013
Increase is medical expense threshold limits to be deductible to 10% of adjusted gross wages
Jan 2013
Exchange eligibility
Jan 2013
National Health insurance exchange begins
2014 - 2016
Health insurance premium assistance credit
Jan 2014
Individual mandate
Jan 2014
Play or Pay penalty
Jan 2014
No PreX limitations
Jan 2014
No annual plan limits
Jan 2014
Cadillac plan tax of 40% for excess cost of plan
Jan 2018


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