Focus on Health Care Reform
On March 23, 2010, President Obama signed a comprehensive health care reform, the Patient Protection and Affordable Care Act, into law. The following summary of the new law, and changes made to the law by subsequent legislation, focuses on provisions to expand coverage, control health care costs, and improve health care delivery system.
Many business owners have recently raised questions regarding the Requirement to Notify Employees of Health Coverage Options.
Below are four links from Covered California, Department of Labor, The Small Business Administration and Cal Chamber regarding this mandate. Employers will not be fined for non-compliance. However, it is always in the best interest of the employer to fall within compliance to avoid any type of lawsuit from an employee.
Department of Labor
The Small Business Association
COVERED CALIFORNIA'S SMALL BUSINESS HEALTH OPTIONS PROGRAM
Business owners know that the ability to offer employees quality health insurance is a competitive advantage in the labor market. Health insurance through Covered California's SHOP gives you financial control of your business while allowing your employees to choose from a range of quality, affordable health plans. Small Business Health Options Program (SHOP) is a new, health insurance marketplace developed for businesses with one to 50 eligible employees.
SHOP is opened for business! There are no enrollment deadlines for SHOP and rates are fixed for 12 months. Your business may qualify for tax credits!