Wednesday, April 7, 2010

Landlords with Employees - Here is Your Health Care Reform Timeline for Employer Compliance

HFO is pleased to provide you with the following timely information from its sponsor partner USI Northwest Insurance. 

This timeline provides some of the key dates associated with the recently enacted health care reform legislation.

2010 – IMMEDIATE REFORMS
MARCH• Plans in existence on or before March 23, 2010 are considered grandfathered.

JUNE
Retiree-plan Assistance
A temporary government reinsurance program for employer-provided retiree (age 55-64) benefits. May reimburse up to 80% of the cost of claims between $15,000 and $90,000. Effective June 21, 2010.
Small Business Tax Credits
Tax credits for small business (no more than 25 employees and average annual wage of no more than $50,000). Up to a 35% tax credit when the employer contributes at least 50% of the premium costs. 
Click to download the full 3-page timeline courtesy of USI Northwest/Kibble & Prentice