Health Care Reform Decision
The Supreme Court ruling is in.
Find out how you may be affected.
HCR Decision.com
Supreme Court Upholds the Law
On June 28, the Supreme Court upheld the Health Care Reform law in a 5-4 decision. This ruling removes uncertainty for employers about the law and means that the requirements and provisions are expected to take effect as scheduled.
What Did the Court Say?
Watch a video of an overview on the Supreme Court's decision and employer next steps here.
Read a summary of the Supreme Court's decision here.
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What Happens Now?
- Activity on State Exchanges
Anticipate significant state and federal activity on Health Insurance Exchanges. Many states had been waiting to hear the outcome of the case before pursuing their plans in earnest. States that will build their own Exchanges to take effect January 1, 2014 must submit plan "blueprints" to the Department of Health and Human Services (HHS) by November 16, 2012. The federal government will operate an Exchange in states that do not build their own, and HHS is continuing its work on the details of the federal default alternative.
- Agencies Continue Publishing Guidance
Expect federal agencies to continue publishing guidance to implement specific Health Care Reform provisions. Plan sponsors will want to continue monitoring developments in the law as they make implementation plans.
- Employers Focus on Implementation
Implementation continues for plan sponsors. Click here for a summary of next steps.
What Does This Mean for Employers?
Now is the time for employers to revisit their compliance strategy. Immediate focus should be on preparing to comply with the various administrative obligations that take effect over the next few months. In addition, many employers have already assessed how their plans will be impacted by the new mandates that take effect in 2014 and are designing their strategies for compliance and cost management.
Let American Fidelity be your guide on Health Care Refrom.
We are happy to help. Click here for a summary of next steps for employers.
Health Care Reform has been and will continue to be complex and in a dynamic state of change. American Fidelity is committed to monitoring the law as it continues to develop and assisting our customers in understanding their responsibilities and choices For more information, visit HCReducation.com or review our timeline of key provisions and dates that affect employers.
Caution:
The information provided here is only a brief summary that reflects our current understanding of select provisions of the law, often in the absence of regulations. All interpretations are subject to change as the appropriate agencies publish additional guidance. American Fidelity does not provide legal advice – as such, we suggest that employers and individuals consult with their legal counsel and/or tax advisors about how Health Care Reform may impact them.
