MOST BUSINESSES DO NOT initially think of their CPAs when discussing health care options for employees. That perception may have changed on March 23, 2010, when President Barack Obama signed the Patient Protection & Affordable Care Act, and one week later, the Health Care & Education Reconciliation Act of 2010. These two laws, collectively referred to as "2010 health care reform legislation," will have a significant effect on employers and the benefits they provide.
The effect of the new legislation on employers differs depending on the size of the business. Size, for purposes of the legislation, is defined by the number of employees.
Some provisions affect all employers. These provisions include new W-2 reporting requirements, the elimination of lifetime and annual limits on benefits, the requirement to provide first-dollar coverage for
is a set of measures taken in advance of symptoms to prevent illness or injury. This type of care is best exemplified by routine physical examinations and immunizations. The emphasis is on preventing illnesses before they occur.