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The top three things that employers need to know about health care reform is number one, does health care reform apply to their company? If the answer is yes, then it’s important for you to know that you have to offer, according to the law, minimum essential coverage at an affordable price. Now, health insurance carriers have done a great job.

All the plan designs that they offer will meet that minimum essential coverage rule. An affordable price means that your employees do not pay more than a certain percentage of their income in contribution toward the cost of that plan. The third thing to understand is there are reporting requirements for you.

There are forms that you need to file with the IRS that say, “Yes, I do offer affordable coverage at an affordable price for my employees.” And in some cases, you have to also tell the IRS who your employees are and which months during the year they actually had coverage under your plan.