PPACA Employer Responsibilities for 2012:
W-2 Informational Reporting to Employees on the Cost of Their Health Care Coverage and Summary of Benefits and Coverage Requirement
The Patient Protection and Affordable Care Act of 2010 (PPACA) phases in a series of new employer reporting and disclosure obligations that began soon after PPACA's enactment. For 2012, most employers will need to begin tracking the cost of their employees' health care coverage to report on Forms W-2 in 2013. Pending further guidance, employers will also need to be prepared to issue a summary of benefits and coverage to employees that provides specific information on their health plan benefit options. This Ice Miller Health Reform E-Alert discusses both of these new requirements.
Read the entire article on the PPACA employer reporting and disclosure obligations for 2012.
Ice Miller LLP has been tracking the regulations and other guidance issued under PPACA, and you can read about the guidance that has been issued to date on Ice Miller's Health Care Reform website.
For more information about PPACA employer responsibilities or any employee benefits matter, contact Mary Beth Braitman, Melissa Proffitt Reese, Christopher S. Sears, Tara Schulstad Sciscoe, or Shalina A. Schaefer.
This publication is intended for general information purposes only and does not and is not intended to constitute legal advice. The reader must consult with legal counsel to determine how laws or decisions discussed herein apply to the reader's specific circumstances.