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After months of proposals, bills, votes, more bills, and reconciliation bills, the President signed into law the Patient Protection and Affordable Care Act (“PPACA”) on March 23, 2010, followed on March 30, 2010 by his signing into law the Health Care and Education Tax Credit Reconciliation Act, also known as “the Reconciliation Bill.” These laws make fundamental changes to the current U.S. health care system, some of which become effective immediately or by Sept. 24, 2010, and others that do not take effect until 2018. Despite their length and complexity, these laws leave many unanswered questions that will need to be sorted out by Congress and applicable agencies (some of which may not yet be in existence) in the coming months and years. Employers need to be aware of the various effective dates and deadlines and track the most current developments in order to form and implement policies that will comply with the laws as they become effective and evolve. This article provides a brief description of the changes of which employers should be aware.
What Are the Most Important Provisions to Employers and When Do They Become Effective?
Immediately
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