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Employers Await Supreme Court Ruling

While most health plan sponsors in the United States are anxiously awaiting the Supreme Court's decision on the constitutionality of the health care reform law, they should not stand on the sidelines until the opinion is issued in late June or early July.  

HUB International advises group health plan administrators to keep working on provisions of the law that are currently effective, or that will become effective in the near future.  Plan administrators should continue to work on the following:

  • The Summary of Benefits and Coverage requirement is generally effective on or after September 23, 2012.
  • W-2 reporting of the cost of employer provided health insurance coverage is required for 2012 Form W-2s.
  • Implement new $2,500 health flexible spending account limit. Originally effective for all Health FSA plans (regardless of plan sponsor’s FSA plan year) starting on January 1, 2013, but now applicable based on plan years for Health FSAs starting in 2013. (See IRS Notice 2012-40)

Speculation is underway as to how the U.S. Supreme Court will decide in the case of the Department of Health and Human Services vs. Florida.  At issue is whether the health care reform law enacted in 2010 is constitutional. Read our Health Care Reform Blog to find out how the Court may rule, according to HUB International's compliance experts.