The Patient Protection and Affordable Care Act of 2010 became law on March 23. It was immediately followed by the Health Care and Education Tax Credits Reconciliation Act of 2010. These two laws make up what is now known as "Health Care Reform." In a series of articles, I intend to acquaint you with the most significant provisions of these acts which cover well over 2,000 pages. Each will be a snippet of what the laws contain.Continue Reading Healthcare Reform, The New Law – Snippet #1 – Children

A common, but important, mistake that business owners make when selling their business is failing to adequately investigate what their and their spouse’s health coverage will be after the sale of the business.  Obviously, many prior owners will sell their business before they are eligible for Medicare leaving them facing the high costs of obtaining private individual insurance if their spouse is not covered under another group plan.

Commonly, as a potential solution, the prior owners will negotiate to stay on with the new owners as consultants under a consulting agreement or as employees under an employment agreement with the proviso that they be added to the new owner’s group health plan until the prior owners are eligible for Medicare or some other pre-negotiated timeframe. 

Continue Reading Contemplating Group Health Coverage Post Sale of Business