The Affordable Care Act continues to roll out, and there are new changes that will take place in 2012. These changes will require businesses, insurance companies, state regulatory agencies and everyday people to do things a little differently.
Big change for businesses is the requirement to report the cost of health insurance benefits, provided by the company, on each employee's W2's next year. The change for State Insurance Departments is for them to define what the required minimum benefit levels will be for health insurance plans that will be in force on Jan 1st 2014, and to continue building health insurance exchanges that consumers can use to shop for post-2014 insurance plans.
None of these changes will be easy, and the tweaks and modifications to health care reform happen on a regular basis. So it's important to keep on top of these changes so you can prepare for what's to come.
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