Your company has more obligations than you may be aware of under Health Care Reform. Here is a checklist of things to prepare for:
On January 1, 2014 if you have more than 50 employees, you will be subject to penalties if you do not provide a minimum level of coverage, or if your employees have to pay more than 9.5% of therir income for health insurance. Keep this in mind as you plan your renewal and employee contribution pathways.
Expect a health plan audit to prove your are compliant. Just as they have stepped up audiots and penalties for retirementplans, the general feeling is that will happen here as well.
Beginning next year you will have to report the value of your employees health insurance on the W2.
Benefit Summaries will have to be inyour employees primary language.