Federal Health Care Regulations Create Mandates and Provide Incentives for Businesses

Earlier this spring, the U.S. legislature passed the federal health care reform bill.  The immediate result of this new law will be to create several new areas of regulation that will affect the way both small and large businesses purchase and provide health insurance for their employees.  Understanding and effectively navigating the regulatory framework will be essential for business owners and executives to avoid costly fines and penalties from the government, to prevent civil claims by employees for their employers’ failure to comply with the new mandates, as well as to allow companies to take advantage of several new tax breaks and credits written into the law as incentives.  Depending on the size and pay scale of a company’s workforce, the impending requirements and potential exemptions differ vastly.  The attorneys at Di Santo LLP are well-qualified to help our clients establish new and/or update existing employee benefit plans in order to timely comply with the new directives of the health care reform law.

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