September 23rd is nearly upon us and for those of you who don't know what I'm talking about, you better start doing your research. When the Patient Protection & Affordable Care Act (PPACA) was signed into effect last March, there were several major milestone dates identified. One of which is 9/23/10. Health insurance coverage, as we know it, begins a tremendous transformation for those of you who have policy renewals on, or after that date. Just a few of the considerations you should be aware of are:
* Preventative Medical Care - Insurers will be required to cover charges for common preventative care services without charging co-pays. Some of the most common of which are immunizations and mammogram.
* Adult Child Coverage - Dependants up to age 26 can receive "dependant coverage" with all individual and group policies.
* Pre-Existing Conditions - Insurers can no longer exclude children with pre-existing conditions from insurance coverage.
* Lifetime Limits - Limits on how much your insurance coverage pays out to cover claims are no longer allowed.
As you can imagine, with a Senate Bill that was 2,562 pages long, there are a lot more issues to discuss. Reporting changes - changes to HSA, FSA, HRA, and MSA rules - multiple tax & tax credit considerations. The overall financial impact to employers has been estimated by some to be . . . Read more in the September issue of HR Pieces Newsletter at http://www.ueven.com/company/hr-pieces.aspx
by UEVEN LLC | 9:27 AM in | comments (0)
News Release
UEVEN, LLC established in 2006, maker of SHARCC® products, is excited to introduce their newest product. EmpPedia launches a new era in Human Resource technology, incorporating Employee Services, Human Resource Management and Time Collection to create the most comprehensive system to date. Employee Service...s provides employees and their supervisors’ with electronic access and paperless processing of time off forms, position requests, time clocks and raises. Human Resource Management provides the most comprehensive program incorporating Safety, Training, Education, Benefits, Leave and Employee Management. Time Collection gathers and disseminates employee hours while incorporating company leave, holidays and approved time off. All data can be pushed to a third party accounting system without traditional manual data entry, saving thousands of dollars in costly mistakes. Whether a small family business or fortune 500 company, EmpPedia is the most cost effective way to administer your employees. Users can access EmpPedia in multiple locations and/or states. Put our knowledge and program to work for you.