Friday, June 29, 2012

Supreme Court Upholds Patient Protection Care Act

The Supreme Court upholds Patient Protect and Affordable Care Act.
Starting in 2013 there will be an addition 0.9% in medicare taxes on all employees making in excess of $200,000. or $250,000 for married filing jointly. No employer match on it. Also in 2013 the aggregate cost of employer sponsored group health coverage must be reported on the employee's w-2. Health flexible spending accounts will be limited to $2500., this will be the death toll for them. Not enough of a savings for the employer to bother with them.