What are the legal implications of health care reform for employers?

Health care reform has had a large impact on employers in Washington. The main legal implications for employers concerning health care reform include the Individual Mandate, employer shared responsibility payment, and the employer information reporting. The Individual Mandate requires every person to have health insurance coverage and requires employers to offer health insurance to their employees. If employers don’t provide this kind of coverage, they can face a fee. This fee is the employer shared responsibility payment. The employer information reporting requires employers with more than 50 full-time employees to file information returns with the IRS providing details about the health coverage they offer and information on each employee who is enrolled in the health plan. Other legal implications for employers include the Affordable Care Act’s restrictions on pre-existing condition exclusions, annual and lifetime limits, and certain other waiting periods. These restrictions mean that employers need to be aware of the limitations and rules surrounding health care in order to be in compliance with the law. Overall, health care reform laws and regulations have implications for employers in Washington. As such, it is important for employers to stay up-to-date on the health care laws and regulations and how they will impact their business and their employees.

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What are the legal implications of health care reform for employers?

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