The health care act – Getting ready to comply

Description

Abstract: With a large number of Patient Protection and Affordable Care Act provisions taking effect in 2014, dealers shouldn’t waste any time preparing for the changes. The new requirements may have little effect on dealerships already offering health insurance, but “large” employers may have some substantial new costs for initiating or improving health coverage — or face tough penalties for not doing so. This article describes what constitutes a large employer and discusses new Medicare tax withholding requirements.