Understanding the New Health Care Bill

By Ric Joyner, CEBS, CFCI

NAHU has distributed two super charts that explain the bill from two perspectives. First is a chart on the details of the bill in easy to understand terms.

Second chart deals with the timelines and implementation issues.

We have received many questions regarding when OTC and FSA caps kick in. OTC is to be removed January 2011. What if your plan year is not calendar? It is our understanding (still in flux) that OTC doesn’t run out until your plan year ends. So if your plan ran June to June OTC would end the following June in ‘11.