Small Business Employee Medical Benefits -- 2010 and Beyond

Are you looking to the future of employee medical benefits in 2010 and beyond? The regulatory and compliance demands are only going to increase for your small business. That is why many small business owners are looking to PEOs and their Employee Benefit Advisors for direction. Just to mention a couple of highlights:

Tax years 2010 to 2013 :

Small businesses tax credits for employers that purchase health insurance based on the number of employees and average annual wages.
If you provide Medicare Part D subsidy to retirees, it will be eliminated in 2011. You will need to account for the future loss on liability and income statements.
Group and individual plans required to cover dependents up to age 26.
Group plans that are not grandfathered, will have to cover pre-existing conditions for children under the age of 19.
Federal grant program for employers providing wellness programs to their employees.
Employers must include health benefits on W2s during taxable years after 12/31/2010.
Changes to Health Savings (HSA) and Flexible Spending (FSA) Accounts.
Mandate to enroll employees in a new national public long-term care program, unless employee opts out.

For Tax years 2014 and beyond, stay tuned...