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The JGS Advisor » JGS manager explains health care reform impact

Rob Unger , CPA, CFE (Certified Fraud Examiner) with Judelson, Giordano & Siegel, spoke at the Pike County Chamber of Commerce as part of a panel of speakers discussing federal health care reform in 2014. He explained what businesses need to know from a financial perspective about the Federal Patient Protection and Affordable Care Act as well as the Health Care and Education Reconciliation Act of 2010.

Unger explained how new W-2 reporting requirements for employer-provided health coverage require employers to report the aggregate value of an employee’s health coverage benefits; how the acts implement new taxes and penalties to help fund the cost of health care coverage; and how the acts provide tax credits for small businesses.

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