Dec. 5, 2012

Healthcare Reform Highlights for Employers and Individuals for 2012-14

The U.S. Supreme Court upheld the constitutionality of the Patient Protection Affordable Care Act (PPACA) - specifically the individual mandate that requires all people to have health coverage. According to the court’s ruling, the requirement that most Americans buy insurance or pay a penalty was authorized by Congress’ power to levy taxes. While the court upheld the PPACA, it also ruled that it is unconstitutional for the federal government to withhold existing Medicaid funds from states that choose not to implement the PPACA’s Medicaid expansion provisions.

So, what’s next?

Health insurers and businesses must continue the hard work of implementing the PPACA provisions. Healthcare exchanges - where individuals and businesses can shop for insurance - will be fully operational beginning October 1, 2013. Coverage will begin January 1, 2014.

Click here to read some highlights of reform mandates that become effective - and will affect employers - between 2012 and 2014.