Wednesday, April 7, 2010
Landlords with Employees - Here is Your Health Care Reform Timeline for Employer Compliance
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.
• 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