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HCR Update: Contract Addendums for Fully Insured Groups, W-2 Reporting, etc.

Jan 25, 2012

Health Care Reform Update

January 20, 2012

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Fully insured customers to receive contract addendums

To obey the health care reform law, we're adjusting our fully insured group plan contracts to prepare for any potential medical loss ratio rebates. The contract says the employer must give rebates to enrollees if we give a rebate to the group.

IRS issues guidance on W-2 reporting

On January 3, 2012, the IRS issued additional interim guidance on the W-2 reporting requirement that confirms that employers filing fewer than 250 W-2s are not required to report the value of health benefits. This guidance extends that relief until further guidance is issued.

Need a quick overview of how health care reform impacts your Individual under 65 business? Our new Individual Guide to Health Care Reform outlines many key things you need to know.

Now you have a single, reliable resource for health care reform information.

This content is provided solely for informational purposes: It is not intended as and does not constitute legal advice. The information contained herein should not be relied upon or used as a substitute for consultation with legal, accounting, tax and/or other professional advisers.


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